Project Number: 20120601
Project Type: Standard/Basic
Parcel ID: 093405 A00018
County Commission District: 5 | City Council District: 3, 8

Summary

NuVasive will create 17 new jobs and invest $75 million in capital investment to help the medical device manufacturer grow its Memphis facility.

NuVasive operates a 123,000- square-foot regional office and distribution facility in Memphis, the first facility of its kind opened outside of the company’s Californian home.

NuVasive received a PILOT in 2006 when it first opened the then 100,00-square-foot facility, employing around 50 people. The 17 additional positions will earn on average more than $49,000 and take the total number of local employees up to 163.

PILOT Term:

10 years

Projected New Jobs:

17

Projected Retained Jobs:

Not applicable

Total Jobs:

17

Projected Average Payroll of New Jobs:

$49,478

Projected Average Payroll of Retained Jobs:

Not applicable

Annual New Direct/Indirect Payroll:

$1,964,244

Annual Retained Direct/Indirect Payroll:

Not applicable

Total Capital Investment:

$74,903,211
Real Property Investment:
Not applicable

Personal Property Investment:
$74,903,211

Community Reinvestment Credit (CRC):
Not applicable

Capital Investment not in PILOT:
Not applicable

Projected Tax Revenue:

$4,523,419

Projected Taxes Abated:

$3,649,909
City: $1,595,010
County: $2,054,899

Benefit/Cost Ratio:

1.24

Projected MWBE/LOSB Spending:

$187,500

Incentive Provided:

$3,649,909

Compliance Information

Not applicable

Approved

6/20/2012

Ramp up Period

2 years

Closing

Not applicable

Effective

Not applicable

Lease Begins

Not applicable

Lease Expires

Not applicable

Amended

Not applicable

Property Details

Lease Began

Not applicable

Lease Expires

Not applicable

NuVasive

4670 East Shelby Dr, Memphis, TN 38118