There are 6 article(s) tagged Payment in lieu of taxes:

• April 2025

  • State PILOT board bill paused

    State Sen. Brent Taylor proposed a bill in March that would have created a state-level board to offer companies tax incentives for projects in Memphis.

    By Dima Amro April 14, 2025

• October 2024

  • Texas company investing $9M in new Memphis facility

    The company plans to create more than 200 new jobs in engineering, administrative and production, enabling it to support its client base in the Southeast.

    By Sophia Surrett October 16, 2024

• September 2023

  • Campbell Clinic seeks retention PILOT in Collierville

    As part of the payment-in-lieu of taxes application, Campbell Clinic plans to retain 48 jobs and add 22 new jobs. Those positions have a $53,000 annual median wage, but an average wage of $112,732.

    By Abigail Warren September 18, 2023

• October 2022

  • Downtown board discusses additional transparency for PILOTs

    Eligibility requirements for PILOTs may change.

    By Neil Strebig October 21, 2022

• August 2022

  • Downtown board wants 10-year PILOTs to be norm

    A series of sticks and carrots also encourages developers to get in the affordable housing market.

    By Jane Roberts August 25, 2022

• March 2022

  • A guide: Making sense of economic development terms

    Don’t know the DMC from the MLC, or the CCRFC from the CBID? Here’s a quick guide to some commonly used business and economic development terms and organizations. 

    By Neil Strebig March 13, 2022