EDGE PROJECT SCORECARD
total jobs 38,900
total capital investment $7,160,253,088
number of pilots approved 128
mwbe/losb target spending* $809,036,741
Average Wage (PILOTS only) $65,865
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,743,167,534
total tax abated $779,136,019
benefit to cost ratio 2.24
incentive amount per job per year $3,210
number of tifs approved 5
number of loans approved 72
total loan amount $3,829,330
number of bonds approved 10
total bond amount $512,737,850
number of others approved 219
*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
2021-07-28 Atlantic Track + Turnout Co. 26 $14,065,000 $211,746 1.37
2021-05-19 3393 Summer Ave 41 $2,720,000 $415,337 4.49
2021-05-19 Walgreen Company 200 $30,000,000 $2,415,414 3.31
2021-04-21 Sylvamo Corporation 300 $14,500,000 $2,486,630 8.57
2021-03-17 Mullen Technologies Inc. 434 $362,400,000 $9,742,780 1.3
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
2021-07-07 Kaye's Pints & Scoops 4 $100,000 Inner City Economic Development Loan $15,000
2021-06-02 Sumadhi Spa Pro Aesthetics Training Center 3 $24,690 Inner City Economic Development Loan $11,000
2021-04-07 The Vineyard, LLC 2 $24,274 Inner City Economic Development Loan $12,000
2020-12-02 Muhsen Najdawi dba Turbo Knights 2 $72,700 Inner City Economic Development Loan $12,000
2020-11-04 Edna Banks-Hawkins, dba Mot & Ed’s Southern Eatery 3 $58,065 Inner City Economic Development Loan $15,000
Bond Data
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Date Approved Company Name Total Jobs Projected
Investment
Bond
Amount
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
2018-12-19 Young Men's Christian Association 606 $7,500,000 $7,500,000
2017-09-20 Elvis Presley Enterprises, Inc. Series 2017 280 $20,000,000 $104,300,000
Other Data
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Date Approved Company Name Total Jobs Projected
Investment
Financing
Amount
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
2021-02-12 EGGXACTLY BREAKFAST & DELI 2 $5,000
FTZ-77 Total Value of Shipments $97,409,593,581
Total NEED Grants 177