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Continental Tire

Project Number: 20140401
Pilot Type: Standard/Basic
Status: Approved
Parcel ID: 073006 00012
County Commission District: 11 | City Council District: 3


Continental Tire was approved for a 5-year PILOT to enable the applicant to add 25 net new jobs and invest more than $1.5 million in real and personal property.

Continental Tire will invest $200,000 in Real Property Improvements and will invest $1,325,000 in Personal Property at 3474 Winchester Road. The Applicant will renovate 50,000 square feet at the Winchester location.

The project will create $616,281 in new tax revenue for Memphis and Shelby County over the 5-year term.

Continental Tire is one of the world’s leading automotive industry suppliers and currently employs 178,000 workers at 190 locations in 46 countries. The company anticipates the addition of 7,000 new jobs worldwide in 2014.

The average salary of the new employees will be $41,814.

Continental Tire will receive $541,100 Community Reinvestment Credit.



Projected New Jobs:


Projected Retained Jobs:

Not applicable

Total Jobs:


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Projected Average Payroll of Retained Jobs:

Not applicable

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Annual Retained Direct Payroll:

Not applicable

Total Capital Investment:

Real Property Investment:

Personal Property Investment:

Community Reinvestment Credit (CRC):

Capital Investment not in PILOT:
Not applicable

Projected Tax Revenue:


Projected Taxes Abated:

City: $70,499 (75%)
County: $90,826 (75%)

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable