Whether relocating or building a company from the ground up, wise business owners know when financial savings can help the most. Memphis/Shelby County is prepared to give your company a head start with our PILOT Program (Payment-In-Lieu-Of-Tax), which provides a financial incentive to qualifying industries by freezing property tax assessments for a designated term.

Extend Your Savings with Jobs Plus
Jobs Plus is an optional add-on incentive to the PILOT Program. If a PILOT applicant chooses the Jobs Plus option, one to four additional years can be added to the end of the initial PILOT term by meeting designated certified minority/small business hiring or contracting goals. This option must be selected at the time of the formal PILOT application.

Eligibility
Formal approval for all PILOT applications are determined by the Memphis and Shelby County Industrial Development Board at regularly scheduled meetings. Approval is based on a number of performance standards, including the number and type of jobs created, annual base wage, capital investment in real and personal property, and the location of the project. Call 901-576-7107 to find out if your company qualifies for PILOT Program savings, or read case studies about how companies such as FedEx successfully used the PILOT Program.

Download 2004 Annual Reporting Forms
PILOT Program Policy & Definitions Document (.pdf)
Jobs Plus Tax Freeze Grid (.pdf)
PILOT Policy Procedures (.pdf)

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