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Franklin Sports Inc. 2

Project Number: 20180401
Pilot Type: Jobs
Status: Approved
Parcel ID: 09410000069
County Commission District: 11 | City Council District: 3


Franklin Sports, Inc. was awarded a six-year Jobs PILOT to enable the company to add 27 jobs with an average salary of $39,722 excluding benefits and invest $16,410,000 at 0 Holmes Road (with frontage on Getwell).

Headquartered in the Boston area since 1946, Franklin Sports, Inc. manufactures and distributes sporting goods for both team play and home use. Franklin products are sold around the world at retailers including Wal-Mart, Target and Dick’s Sporting Goods, in addition to online outlets. The company has partnerships with professional sports leagues and many universities.

Since 2003, Franklin Sport’s sole U.S.-based distribution operation has been in Memphis, TN. Currently, the company employs 60 people, occupies 300,000 square feet in the adjoining property, and leases 100,000 square feet of overflow space in a different location. The company has twice outgrown its buildings in Memphis and is now analyzing future location needs for serving North American customers. The company would like to maintain its existing Memphis facility, expand the building or construct a new facility on a neighboring property, and reinvest in the operation.

Staff projects $1,405,255 in local total tax revenues to be received during the PILOT term of this project and an estimated $1,911,363 benefit to Franklin Sports, Inc.



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):
Not applicable

Capital Investment not in PILOT:

Projected Tax Revenue:


Projected Taxes Abated:

City: $835,266 (75%)
County: $1,076,097 (75%)

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable



Ramp up Period



2/1/2020 (Real)
12/31/2018 (Personal)



Lease Begins

2/1/2020 (Real)
12/31/2018 (Personal)

Lease Expires

2/1/2026 (Real)
12/31/2026 (Personal)



Property Details

Lease Began

2/1/2020 (Real)
12/31/2018 (Personal)

Lease Expires

2/1/2026 (Real)
12/31/2026 (Personal)

Franklin Sports Inc. 2

0 Holmes Road, Memphis, TN 38118