EDGE PROJECT SCORECARD
total jobs 39,428
total capital investment $7,240,676,856
number of pilots approved 131
mwbe/losb target spending* $811,596,246
Average Wage (PILOTS only) $65,358
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,754,699,185
total tax abated $783,044,616
benefit to cost ratio 2.24
incentive amount per job per year $3,197
number of tifs approved 5
number of loans approved 74
total loan amount $3,859,330
number of bonds approved 10
total bond amount $512,737,850
number of others approved 220
*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
2021-09-15 RedDOT Corporation 125 $14,260,000 $542,003 2.31
2021-09-15 Exel Inc. dba DHL Supply Chain 3 75 $7,076,368 $939,618 2.47
2021-08-18 Memphis Record Pressing 176 $7,500,000 $682,234 4.25
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
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
2021-08-25 Restaurant Kora 8 $130,400 Inner City Economic Development Loan $15,000
2021-08-25 Snkrr Bar 5 $57,000 Inner City Economic Development Loan $15,000
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
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
2021-09-10 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