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Agilent Technologies

Project Number: 20171201
Pilot Type: Fast Track
Status: Approved
Parcel ID: 09420000544
County Commission District: 5 | City Council District: 3


Agilent Technologies, Inc. was awarded a ten-year Fast Track PILOT to open a distribution facility at 5050 Holmes Road. The project will create 117 net new jobs with an average base salary of $40,670 excluding benefits. Agilent Technologies will make $720,000 worth of capital investment to the facility

Agilent Technologies, Inc. is a global leader in life sciences, diagnostics, and applied chemical markets. Agilent was created when it spun off from Hewlett-Packard Company in 1999. The company provides laboratories worldwide with instruments, services, consumables, applications and expertise. Agilent focuses on six key markets: food, environmental and forensics, pharmaceutical, diagnostics, chemical and energy, and research.

EDGE Staff projects $5,048,502 in local total tax revenues to be received during the PILOT term and a $1,614,563 benefit to Agilent Technologies.



Projected New Jobs:


Projected Retained Jobs:

Not applicable

Total Jobs:


Projected Average Payroll of New Jobs:


Projected Average Payroll of Retained Jobs:

Not applicable

Annual New Direct Payroll:


Annual Retained Direct Payroll:

Not applicable

Total Capital Investment:

Real Property Investment:

Personal Property Investment:

Community Reinvestment Credit (CRC):

Capital Investment not in PILOT:

Projected Tax Revenue:


Projected Taxes Abated:

City: $705,564 (75%)
County: $908,999 (75%)

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable



Ramp up Period

2 years


6/1/2018 (Real)
12/31/2018 (Personal)



Lease Begins

6/1/2018 (Real)
12/31/2018 (Personal)

Lease Expires

6/1/2028 (Real)
12/31/2028 (Personal)


Not applicable

Property Details

Lease Began

6/1/2018 (Real)
12/31/2018 (Personal)

Lease Expires

6/1/2028 (Real)
12/31/2028 (Personal)

Agilent Technologies

5050 Holmes Road, Memphis, TN 38118