‹ Back To Pilot Programs
United Parcel Service, Inc.
Project Number: 20131101
Pilot Type: Standard/Basic
Status: Approved
Parcel ID: 06017600009C
County Commission District: 11 | City Council District: 3
Pilot Type: Standard/Basic
Status: Approved
Parcel ID: 06017600009C
County Commission District: 11 | City Council District: 3
Summary
United Parcel Service, Inc., was approved for an 11-year real property PILOT to enable the company to add 15 new jobs and invest $80 million in an expansion of its 3675 Swinnea Road facility.UPS plans to grow its 293,345 sq. ft. Swinnea Road facility by 140,000 sq. ft. and add a 54,000-gallon natural gas fueling station that will support 59 new liquefied natural gas vehicles. The PILOT will only include the $26.9 million real property investment. The project will allow UPS to expand its capacity in Memphis and enable environmentally friendly vehicles to operate out of its Swinnea Road facility.
The project will create $9,791,148 in new tax revenue for Memphis and Shelby County, a benefit-cost ratio of $1.62 in new tax revenue to every $1.00 of taxes abated.
PILOT Term:
11
Projected New Jobs:
15
Projected Retained Jobs:
Not applicable
Total Jobs:
15
Projected Average Payroll of New Jobs:
$42,037
Projected Average Payroll of Retained Jobs:
Not applicable
Annual New Direct Payroll:
$630,555
Annual Retained Direct Payroll:
Not applicable
Total Capital Investment:
$80,408,629
Real Property Investment:
$26,948,750
Personal Property Investment:
$53,459,879
Community Reinvestment Credit (CRC):
Not applicable
Capital Investment not in PILOT:
Not applicable
Projected Tax Revenue:
$9,791,148
Projected Taxes Abated:
$6,045,679
City:
$2,641,962
(75%)
County:
$3,403,717
(75%)
Benefit/Cost Ratio:
1.62
Projected MWBE/LOSB Spending:
$7,250,000
Incentive Provided:
$6,045,679
Compliance Information
Not applicable

Approved
11/20/2013
Ramp up Period
3
Closing
7/1/2014 (Real)
Effective
7/1/2014
Lease Begins
7/1/2014 (Real)
Lease Expires
7/1/2025 (Real)
Amended
Not applicable
Property Details
Lease Began
7/1/2014 (Real)
Lease Expires
7/1/2025 (Real)