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Impact Innovations, Inc.

Project Number: 20111101
Pilot Type: Standard/Basic
Status: Approved
Parcel ID: 09370000574C
County Commission District: 03 | City Council District: 03, 08


Initially, Impact Innovations was approved for a six-year PILOT to enable the company to bring 25 new jobs and nearly $1 million in capital investment to the area. In 2016, the PILOT was amended to include 20 additional net new jobs for a total of 45 net new jobs and an additional $1 million investment in personal property and $85,000 in real property; bringing the total investment for the project to $11.7 million in real and personal property. With this 2016 amendment, the PILOT was extended an additional three years.

Based in Minnesota, Impact Innovations will use its nine-year PILOT to open a new facility at 6269 East Shelby Drive and make efficiency improvements to their facility at 4800 Southridge. The 45 net new positions created by the PILOT will earn an average salary of $53,636 annually. The PILOT allows for Impact Innovations to increase their domestic production of gift wrap versus relying on overseas production.

In 2011, as a part of the Cleo acquisition, Impact Innovations acquired converting equipment from Cleo, which converted jumbo gift-wrap rolls to consumer-sized rolls. Founded in 1968 in Clara City, Minnesota, Impact Innovations specializes in seasonal and commercial paper product manufacturing. The company’s products can be found at national retailers including discount, drug, grocery, and home improvement stores in the United States, as well as internationally in Canada, Mexico, Central and South America.


9 years

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: $996,570
County: $960,702

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable



Ramp up Period

2 years


4/1/2012 (Real)
12/31/2017 (Personal)


Not applicable

Lease Begins

4/1/2012 (Real)
12/31/2017 (Personal)

Lease Expires

4/1/2018 (Real)
12/31/2027 (Personal)



Property Details

Lease Began

4/1/2012 (Real)
12/31/2017 (Personal)

Lease Expires

4/1/2018 (Real)
12/31/2027 (Personal)

Impact Innovations, Inc.

6267 East Shelby Dr, Memphis, TN 38141