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Nucor Steel Memphis, Inc.

Project Number: 20120202
Pilot Type: Retention
Status: Approved
Parcel ID: 050097 00008
County Commission District: 9 | City Council District: 6, 8


Nucor Steel will add 27 new jobs and invest $113 million in capital invest in its new facility at 3601 Paul R. Lowry Road.

The 15-year PILOT will help the steel manufacturer add new jobs and invest in testing and quality control. The average salary of the new positions will be $75,000.


15 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:
Not applicable

Personal Property Investment:

Community Reinvestment Credit (CRC):
Not applicable

Capital Investment not in PILOT:
Not applicable

Projected Tax Revenue:


Projected Taxes Abated:

City: $4,602,668 (75%)
County: $4,835,184 (75%)

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable