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Target Corporation

Project Number: 20141201
Pilot Type: Standard/Basic
Parcel ID: 094200 00494
County Commission District: 11 | City Council District: 3


Target Corporation was awarded a 15-year PILOT that will encourage the company to establish a fulfillment center with 462 Net New jobs with an average annual salary of the new employees will be $28,456 at 5461 Davidson Road.

Target Corporation is an American retail company founded in 1902 and headquartered in Minneapolis, Minnesota. Target is the third largest discount retailer in the United States and was ranked 36th on the fortune 500 as of 2013. Target operates 1,916 stores in the United States and employs more than 300,000 people in the United states and Canada.

Target will invest $52,280,045 in real and personal property improvements and receive $16,839,500 in Community Reinvestment Credit (CRC) at the 5461 Davidson Road facility. Target Corporation will occupy 100 percent of the 913,940 square foot building.

The PILOT Sponsor (fee owner) is Memphis Industrial Park Investors Inc.

In addition, Target will receive an EDGE grant in the amount of $150,000 to be administered by the Workforce Investment Network (WIN) and used for on the job training (OJT) if/when WIN’s initial OJT commitment is exhausted.

The Project will create $27,262,007 in new tax revenue for Memphis and Shelby County and has a benefit/cost ratio of $2.24 of new tax revenue for every $1.00 of abated taxes.


15 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: $5,318,782
County: $6,852,343

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable