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AVT Beckett Elevator USA, Inc.

Project Number: 20170901
Pilot Type: Fast Track
Status: Approved
Parcel ID:
County Commission District: 11 | City Council District: 03


VT Beckett Elevators USA, Inc. was awarded a ten-year EDGE Fast Track Payment In lieu of Tax (PILOT). The project will bring 25 new jobs to Memphis with an average salary of $35,992 excluding benefits and $3.5 million worth of capital investment to the facility located at 4949 East Raines Road. The Memphis location will be the company’s first facility located in the United States.

Founded in 2007, AVT Beckett Elevator sells to all five major elevator companies in Canada, as well as approximately 50 independently owned elevator companies. The company has 40% market share in Canada and wants to expand into the United States market.

EDGE Staff projects $1,222,984 in local total tax revenues to be received during the PILOT term and a $477,211 benefit to AVT Beckett.



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Projected Taxes Abated:

City: $208,542 (75%)
County: $268,669 (75%)

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Compliance Information

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Lease Begins

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Property Details

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Lease Expires

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AVT Beckett Elevator USA, Inc.

4949 East Raines Road, Memphis, TN 38118