EDGE PROJECT SCORECARD
total jobs 40,718
total capital investment $7,590,734,238
number of pilots approved 134
mwbe/losb target spending* $836,370,293
Average Wage (PILOTS only) $62,678
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,783,251,293
total tax abated $809,500,899
benefit to cost ratio 2.20
incentive amount per job per year $3,139
number of tifs approved 5
number of loans approved 78
total loan amount $4,914,330
number of bonds approved 11
total bond amount $540,737,850
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
2021-12-15 Medtronic Logistics LLC & CEVLogistics 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 0
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
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
2021-10-20 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
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
Bond Data
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Date Approved Company Name Total Jobs Projected
Investment
Bond
Amount
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
2018-12-19 Young Men's Christian Association 606 $7,500,000 $7,500,000
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