IDB Scorecard

Posted by Smart City Memphis | Dec 17, 2009 | 4

The following are the recent Memphis and Shelby County Industrial Board’s tax waivers and the companies’ revenues:

Smith & Nephew:

Taxes Waived – $6.2 million over 15 years

Annual Revenues – $3.8 billion

ServiceMaster:

Taxes Waived – $1.2 million over 10 years

Annual Revenues – $3.4 billion

McKesson Corp.:

Taxes waived – $32.6 million over 15 years

Annual Revenues: $106.6 billion

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4 Comments

Nate on December 17, 2009 at 3:56 pm

It would also be interesting to see how much in charitable giving each company provides to various organizations around town.
antisocialist on December 17, 2009 at 6:08 pm

It might also be interesting to see how much charitable giving each company’s employees and shareholders provide to various organizations around town.
Gene Pearson on December 17, 2009 at 8:46 pm

I still want to know what two Chamber of Commerce staffers meant when they said that our taxes are not high enough to offer competitive incentives to attract/retain businesses.

Our tax-freeze program (PILOT) doesn’t pass the smell test. Is it from general ignorance or manipulation of public officials for a few coins of silver?
antisocialist on December 17, 2009 at 9:08 pm

Or a combination of the two?

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Since 2005, this has been Smart City Consulting’s blog with the aim of connecting the dots and providing perspective on issues and policies shaping Memphis. Editor and primary author is Tom Jones, columnist at Memphis magazine, author of two books and a museum exhibition, and consultant on public policy and strategic planning. Smart City Memphis was called one of the most intriguing blogs in the U.S. by the Pew Partnership for Civic Change; The (Memphis) Commercial Appeal wrote: “Smart City Memphis provides some of the most well-thought-out thinking about Memphis’ past, present, and future you’ll find anywhere,” and the Memphis Flyer said: “This incredibly well-written blog sets out to solves the city’s ills – from the mayor to MATA – with out-of-the-box thinking, fresh approaches to old problems, and new ideas.” If you have questions, submissions, or ideas for posts, please email Tom Jones, at tjones@smartcityconsulting.com.