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Logical Systems
Project Number: 20120701
Pilot Type: Standard/Basic
Status: Approved
Parcel ID: 073006 00034
County Commission District: 5 | City Council District: 1, 9
Pilot Type: Standard/Basic
Status: Approved
Parcel ID: 073006 00034
County Commission District: 5 | City Council District: 1, 9
Summary
Logical Systems, a controls engineering and integration company, will add 14 new jobs and invest $2 million in real property improvements.The project will create $651,105 in new tax revenue for Memphis and Shelby County.
The locally-based company plans on using the capital investment and new employees to grow its operations to a new 30,000-square-foot facility at 2756 Appling Center Cove.
PILOT Term:
9 years
Projected New Jobs:
14
Projected Retained Jobs:
Not applicable
Total Jobs:
14
Projected Average Payroll of New Jobs:
$90,000
Projected Average Payroll of Retained Jobs:
Not applicable
Annual New Direct Payroll:
$1,260,000
Annual Retained Direct Payroll:
Not applicable
Total Capital Investment:
$2,000,000
Real Property Investment:
$400,000
Personal Property Investment:
Not applicable
Community Reinvestment Credit (CRC):
$1,600,000
Capital Investment not in PILOT:
Not applicable
Projected Tax Revenue:
$651,105
Projected Taxes Abated:
$423,720
City:
$206,640
County:
$217,080
Benefit/Cost Ratio:
1.54
Projected MWBE/LOSB Spending:
$1,326,680
Incentive Provided:
$423,720
Compliance Information
Not applicable

Approved
7/18/2012
Ramp up Period
2 years
Closing
12/31/2012 (Real)
Effective
1/1/2013
Lease Begins
1/1/2013 (Real)
1/1/2013 (Personal)
1/1/2013 (Personal)
Lease Expires
12/31/2021 (Real)
12/31/2021 (Personal)
12/31/2021 (Personal)
Amended
Not applicable
Property Details
Lease Began
1/1/2013 (Real)
1/1/2013 (Personal)
1/1/2013 (Personal)
Lease Expires
12/31/2021 (Real)
12/31/2021 (Personal)
12/31/2021 (Personal)
Logical Systems
3204 Jean Dr, Memphis, TN 38118- Project Files
- Closing
-
Compliance Files
-
Pilot Performance Report
-
2013_
12_ 31_ PILOT_ Perf_ Logical_ Systems_ 20120718. pdf -
2017_
12_ 31_ PILOT_ Perf_ Logical_ Systems_ LLC_ 20120718. pdf -
2018_
12_ 31_ PILOT_ Perf_ Logical_ Systems_ 20120718. pdf -
2019_
12_ 31_ PILOT_ Perf_ Logical_ Systems_ 20120718. pdf -
2016_
12_ 31_ PILOT_ Perf_ Logical_ Systems_ 20120718. pdf -
2015_
12_ 31_ PILOT_ Perf_ Logical_ Systems_ 20120718. pdf -
2020_
12_ 31_ PILOT_ Perf_ Logical_ Systems_ 20120718. pdf -
2021_
12_ 31_ PILOT_ Perf_ Logical_ Systems_ 20120718. pdf
-
2013_
- Diversity Report