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ACS Clothing Limited

Project Number: 20141002
Project Type: Standard/Basic
Parcel ID: 093301 A00004
County Commission District: 11 | City Council District: 3


ACS Clothing Limited was awarded a five-year PILOT that will enable the company to add 125 new jobs with an average annual salary of $33,767 excluding benefits and invest $16.7 million at its new location at 4400 Quality Drive Memphis, TN. The PILOT will enable ACS Clothing Ltd to open its first distribution facility in the United States.

ACS Clothing Limited is the largest tuxedo rental company in the United Kingdom (UK) with 35 percent of the UK tuxedo rental market share. The company values the United States tuxedo rental market at $1.5 billion and plans to gain a significant amount of market share utilizing their knowledge and technologies established in the UK.

ACS Clothing has projected a total of 325 net new jobs within the first five (5) years. If the additional 200 jobs threshold is met, staff recommends the approval of three additional years at a maximum abatement for a total of eight (8) years. With the additional years and 200 net new jobs, the benefit cost ratio will be $6.73.

EDGE Staff estimates the project will create $2,787,939 in new tax revenue for Memphis and Shelby County with more than $1 million in benefit for ACS Clothing Limited.


5 years

Projected New Jobs:


Projected Retained Jobs:

Not applicable

Total Jobs:


Projected Average Payroll of New Jobs:


Projected Average Payroll of Retained Jobs:

Not applicable

Annual New Direct/Indirect Payroll:


Annual Retained Direct/Indirect Payroll:

Not applicable

Total Capital Investment:

Real Property Investment:

Personal Property Investment:

Community Reinvestment Credit (CRC):

Capital Investment not in PILOT:
Not applicable

Projected Tax Revenue:


Projected Taxes Abated:

City: $480,623 (85%)
County: $619,201 (75%)

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable



Ramp up Period

2 years


12/31/2014 (Real)



Lease Begins

12/31/2014 (Real)

Lease Expires

12/31/2019 (Real)


Not applicable

Property Details

Lease Began

12/31/2014 (Real)

Lease Expires

12/31/2019 (Real)

ACS Clothing Limited

4400 Quality Drive, Memphis, TN 38118