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Franklin Sports

Project Number: 20120802
Project Type: Standard/Basic
Parcel ID: 094100 00070
County Commission District: 5 | City Council District: 3, 8

Summary

Franklin Sports will add 40 new jobs and investing $550,000 at its local facility

The project will create $410,039 in new tax revenue for Memphis and Shelby County.

PILOT Term:

6 years

Projected New Jobs:

40

Projected Retained Jobs:

Not applicable

Total Jobs:

40

Projected Average Payroll of New Jobs:

$30,300

Projected Average Payroll of Retained Jobs:

Not applicable

Annual New Direct/Indirect Payroll:

$2,729,042

Annual Retained Direct/Indirect Payroll:

Not applicable

Total Capital Investment:

$3,292,480
Real Property Investment:
$50,000

Personal Property Investment:
$500,000

Community Reinvestment Credit (CRC):
$2,742,480

Capital Investment not in PILOT:
Not applicable

Projected Tax Revenue:

$801,852

Projected Taxes Abated:

$387,348
City: $188,904
County: $198,444

Benefit/Cost Ratio:

2.07

Projected MWBE/LOSB Spending:

$395,000

Incentive Provided:

$387,348

Compliance Information

Not applicable