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TAG Truck Enterprises, LLC
Project Number: 20160603
Pilot Type: Expansion
Status: Approved
Parcel ID: 0703011 00235C
County Commission District: 11 | City Council District: 04
Pilot Type: Expansion
Status: Approved
Parcel ID: 0703011 00235C
County Commission District: 11 | City Council District: 04
Summary
TAG Truck Enterprises, LLC was awarded a 12‐year Expansion PILOT to encourage the company to add 62 net new jobs and retain 141 jobs. TAG Truck Enterprises will make a $27,810,000 capital investment to construct a new 182,795 square‐foot facility located at 0 American Way.TAG Truck Enterprises’s five facilities in the Memphis and West Memphis area are in antiquated facilities, many of which were constructed in the 1930s.
The PILOT encourages TAG Truck Enterprises to keep its existing operations in Memphis, bring jobs to Memphis from the Arkansas facility, add new jobs and build the TAG training center. The Applicant will combine five facilities and construct a 182,795 square‐foot facility at the long vacant former Mall of Memphis site.
The average salary for the 203 employees is $54,715 excluding benefits.
The capital investment and job creation meets the Expansion PILOT requirements.
TAG Truck Enterprises will invest $26,200,000 to construct a 182,795 square‐foot training facility. TheApplicant will invest $1,000,000 in furniture, fixtures and general equipment. Additionally, the company will relocate from Arkansas $390,000 of personal property which is primarily furniture, fixtures and general equipment. TAG Truck Enterprises will also relocate $220,000 in vehicles that will not be eligible for the PILOT.
Parcel 073022 00235C is 113 acres of which 34 acres will enter the PILOT. The remaining 79 acres will be fully taxed and will likely be sold or leased to businesses that will complement the project. The assigned address of 0 American Way is classified as Vacant Land.
In 2007, Tommy Earl and Gary Dodson purchased four of Barloworld Truck Center’s dealerships for approximately $25,000,000 as the recent recession began. TAG Truck Center is now a full‐service commercial truck enterprise that deals with Freightliner, Sprinter and Fuso Trucks and operates ten sites throughout the states of Tennessee, Arkansas, Mississippi, Missouri and Kentucky. The Applicant provides service for Freightliner, Detroit Diesel, Mercedes Benz (Daimler) Diesel, Caterpillar and Cummins Engines. The Applicant is an outsourced truck fleet manager for FedEx, AutoZone, Pepsi, Ozark Motor Line and others in the Memphis transportation industry.
Staff projects $11,662,339 in total tax revenues to be received during the PILOT term of this project and a $6,278,420 benefit to the company. When the two (2) year ramp‐up is complete, this facility will act as the training center for the entire organization.
PILOT Term:
12
Projected New Jobs:
62
Projected Retained Jobs:
141
Total Jobs:
203
Projected Average Payroll of New Jobs:
$54,715
Projected Average Payroll of Retained Jobs:
$54,715
Annual New Direct Payroll:
$3,392,330
Annual Retained Direct Payroll:
$7,714,815
Total Capital Investment:
$27,810,000
Real Property Investment:
$22,100,000
Personal Property Investment:
$1,390,000
Community Reinvestment Credit (CRC):
Not applicable
Capital Investment not in PILOT:
$4,320,000
Projected Tax Revenue:
$11,662,339
Projected Taxes Abated:
$6,181,812
City:
$2,705,040
(25%)
County:
$3,476,772
(25%)
Benefit/Cost Ratio:
1.86
Projected MWBE/LOSB Spending:
$6,255,732
Incentive Provided:
$6,278,420
Compliance Information
Not applicable

Approved
6/15/2016
Ramp up Period
2 years
Closing
12/31/2017 (Real)
12/31/2017 (Personal)
12/31/2017 (Personal)
Effective
12/31/2017
Lease Begins
12/31/2017 (Real)
12/31/2017 (Personal)
12/31/2017 (Personal)
Lease Expires
12/31/2029 (Real)
12/31/2031 (Personal)
12/31/2031 (Personal)
Amended
12/31/2021
Property Details
Lease Began
12/31/2017 (Real)
12/31/2017 (Personal)
12/31/2017 (Personal)
Lease Expires
12/31/2029 (Real)
12/31/2031 (Personal)
12/31/2031 (Personal)
TAG Truck Enterprises, LLC
4450 American Way, Memphis , TN 38118- Project Files
-
Closing
- Real Property Leases
-
Personal Property Leases
-
2017_
Dec_ 31st_ Personal_ Property_ Lease_ Agreement_ TAG_ Truck. pdf -
2018_
Dec_ 31st_ Personal_ Property_ Lease_ TAG_ Truck. pdf -
2019_
12_ 31_ PP_ Lease_ TAG_ Truck. pdf -
2019_
12_ 31_ Amendment_ to_ PPLA_ TAG_ Truck. pdf -
2020_
12_ 31_ Amendment_ to_ 2019_ PPLA_ TAG_ Truck. pdf -
2020_
12_ 31_ Amendment_ to_ 2017_ PPLA_ TAG_ Truck. pdf -
2021_
12_ 31_ Amednment_ to_ 2019_ PPLA_ TAG_ Truck. pdf
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2017_
- Bills of Sale
- Compliance Files