Project Number: 20130801
Pilot Type: Retention
Status: Approved
Parcel ID: 058126 00028
County Commission District: 13 | City Council District: 5


Wright Medical Technology was approved for a 15-year retention PILOT to enable the company to retain 225 jobs, add 35 new jobs and make a total investment of $10.6 million at its new corporate headquarters located at 1023 Cherry Road.

In June, Wright sold its OrthoRecon knee and hip implant division and its Arlington corporate headquarters facility to MicroPort Medical. Terms of the sale required that Wright Medical vacate the facility by October 1. Wright Medical will retain its manufacturing and distribution operations in Arlington. It will focus on ankle, extremities and biologics businesses at its new, Memphis corporate headquarters.

The project will create $18,908,881 in new tax revenue for Memphis and Shelby County, a benefit-cost ratio of $4.56 in new tax revenue for every $1.00 of abated taxes.



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Projected Retained Jobs:


Total Jobs:


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Projected Average Payroll of Retained Jobs:


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Annual Retained Direct Payroll:

Not applicable

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Real Property Investment:

Personal Property Investment:

Community Reinvestment Credit (CRC):

Capital Investment not in PILOT:
Not applicable

Projected Tax Revenue:


Projected Taxes Abated:

City: $2,000,697
County: $2,147,790

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Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable