Project Number: 20120601
Pilot Type: Standard/Basic
Status: Approved
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 SF 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

12/31/2012 (Personal)

Effective

12/31/2012

Lease Begins

12/31/2012 (Personal)

Lease Expires

12/31/2022 (Personal)

Amended

12/31/2013
12/31/2014

Property Details

Lease Began

12/31/2012 (Personal)

Lease Expires

12/31/2022 (Personal)

NuVasive, Inc.

4670 East Shelby Dr, Memphis, TN 38118