EDGE PROJECT SCORECARD
total jobs 15,864
total capital investment $3,247,914,572
number of pilots approved 66
mwbe/losb target spending* $458,636,414
Average Wage (PILOTS only) $74,017
average pilot term 10 years
total new tax revenue generated $1,069,364,711
total tax abated $398,250,609
benefit to cost ratio 2.69
incentive amount per job per year $2,773
number of tifs approved 2
number of loans approved 44
total loan amount $3,158,830
number of bonds approved 4
total bond amount $286,682,850
*APPLIES TO PILOTS APPROVED PRIOR TO JULY 1, 2017
Pilot Data
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Date Approved Company Name Total Jobs Projected
Investment
Projected
MWBE/LOSB
Spending
Projected
Benefit to
Cost Ratio
2017-11-15 PeroxyChem LLC 15 $9,602,700 $794,654 1.14
2017-10-18 Amazon.com.dedc, LLC 600 $62,999,206 $12,203,842 2.43
2017-10-18 Pfizer Inc. 250 $19,684,661 $1,982,001 3.22
2017-10-18 1544 Madison Partners $24,775,069 $6,496,433 0.4
2017-09-20 AVT Beckett Elevator USA, Inc. 25 $3,575,000 $176,018 2.56
TIF Data
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Date Approved Company Name Total Jobs Projected
Investment
TIF
Amount
2016-09-21 UNDC-Highland Strip Revitalization 235 $21,100,000 $21,100,000
2015-12-16 Elvis Presley Enterprises, Inc. 290 $137,000,000 $21,293,860
Loan Data
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Date Approved Company Name Total Jobs Projected
Investment
Loan Type Loan
Amount
2017-09-06 Soulsville Market 4 $36,992 Inner City Economic Development Loan $20,000
2017-09-06 Stylist Salon 6 $22,635 Inner City Economic Development Loan $15,000
2017-06-07 HopeWorks 15 $43,677 Inner City Economic Development Loan $20,000
2017-06-07 Orca Printing 4 $28,500 Inner City Economic Development Loan $19,000
2017-02-01 Champion's Pharmacy and Herb Store 4 $33,600 Inner City Economic Development Loan $20,000
Bond Data
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Date Approved Company Name Total Jobs Projected
Investment
Bond
Amount
2015-05-20 Elvis Presley Enterprises, Inc. 290 $153,600,000 $124,000,000
2017-06-21 Southbrook Towne Center 379 $7,700,000 $2,142,850
2014-11-19 Serenity Recovery Centers, Inc. 60 $2,300,000 $2,300,000
2017-03-15 City of Memphis - TDZ Revenue Refunding Bonds $200,758,000 $158,240,000