EDGE PROJECT SCORECARD
total jobs 41,139
total capital investment $7,775,543,625
number of pilots approved 136
mwbe/losb target spending* $858,243,492
Average Wage (PILOTS only) $62,391
average pilot term 11 years
LOCAL TAX REVENUES GENERATED $1,847,479,824
total tax abated $847,246,730
benefit to cost ratio 2.18
incentive amount per job per year $3,201
number of tifs approved 5
number of loans approved 80
total loan amount $4,954,330
number of bonds approved 12
total bond amount $569,737,850
number of others approved 221
*APPLIES TO PILOTS APPROVED PRIOR TO JULY 1, 2017
Pilot Data
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Date Approved Company Name Total Jobs Projected
Investment
Projected
MWBE/LOSB
Spending
Projected
Benefit to
Cost Ratio
2022-02-16 Northside Renaissance Development $71,936,887 $18,947,667 1.14
2022-01-19 MHR Fund Management LLC 400 $112,500,000 $2,925,532 2.41
2021-12-15 Medtronic Logistics LLC & CEVA Logistics U.S., Inc. 630 $133,350,000 $18,920,230 1.17
2021-12-15 Performance Food Group 96 $29,200,000 $5,771,438 0.82
2021-11-18 KTG USA LP 2021 541 $21,795,982 $82,379 1.54
TIF Data
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Date Approved Company Name Total Jobs Projected
Investment
TIF
Amount
2019-10-16 Raleigh Town Center $91,000,000 $29,000,000
2018-07-25 Poplar Corridor Business District Association of Owners 7,000 $499,500,000 $91,200,000
2018-06-20 Parkside at Shelby Farms Development Area 146 $375,000,000 $96,400,000
2016-09-21 UNDC-Highland Strip Revitalization 235 $21,100,000 $21,100,000
2014-11-25 Elvis Presley Enterprises, Inc. 280 $137,000,000 $21,293,860
Loan Data
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Date Approved Company Name Total Jobs Projected
Investment
Loan Type Loan
Amount
2022-02-16 Subroy Movement Foundation, Inc. dba Tasche Social Gallery 15 $22,500 Inner City Economic Development Loan $15,000
2022-02-16 E.U. Enterprises LLC 6 $350,000 Inner City Economic Development Loan $25,000
2021-10-20 Springdale Salon 10 $73,000 Inner City Economic Development Loan $20,000
2021-10-20 Heights CDC 15 $47,300 Inner City Economic Development Loan $25,000
2021-10-20 Venture South Productions 5 $41,100 Inner City Economic Development Loan $20,000
Bond Data
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Date Approved Company Name Total Jobs Projected
Investment
Bond
Amount
2022-05-18 Port Commission Bond Refunding Request $29,000,000
2021-11-17 Parkside at Shelby Farms $165,550,000 $28,000,000
2021-04-21 City of Memphis Accelerate $200,000,000 $24,255,000
2021-04-21 Liberty Park TDZ Bond $75,000,000 $75,000,000
2021-02-17 Distilled Spirits Inc. 15 $17,900,000 $15,000,000
Other Data
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Date Approved Company Name Total Jobs Projected
Investment
Financing
Amount
2021-09-10 Varsity Spirit LLC 185 $50,000,000 $175,000
2021-06-02 Lux Transport, Inc. $5,000
2021-06-02 The Cut Barber & Styling Salon $5,000
2021-04-07 Saucy Chicken, LLC $5,000
2021-02-26 INSPIRE Community Café $5,000
FTZ-77 Total Value of Shipments $97,409,593,581
Total NEED Grants 177