Kruger adding 27 jobs, equipment to make facial tissue
The North Memphis plant that makes facial and bathroom tissue and other paper products will soon invest $20 million in new equipment.
Topic: economic development
RSSThere are 82 article(s) tagged economic development:
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January 2021
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Cummins to close Memphis plant
A Cummins manufacturing plant that rebuilds turbochargers in Memphis will close, eliminating 300 jobs.
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Hunter Fan unleashing light fixtures in firm’s 135th year
Despite the pandemic, the company continues to unveil new products. It tests ceiling fans in the basement of its Goodlett Farms headquarters.
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December 2020
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EDGE approves tax incentive to lure dental company
If Crown World decides to come to Memphis, it would buy and renovate an empty, airport-area office building, invest $2.7 million in the property, and hire 25 people.
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Amazon building 3rd Memphis delivery station in Frayser/Raleigh
Amazon has quietly started site work atop a hill behind its just-opened fulfillment center at 4055 New Allen Road. The future, 183,000-square-foot facility will be a delivery station that employs about 300.
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Cordova’s Amazon delivery station approved, will generate 450 jobs
Amazon is so eager to get the facility built near the southeast corner of I-40 and Appling that the e-commerce giant is – again – not seeking tax breaks or other public incentives that are so common for large-investment, high-employment developments.
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November 2020
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Bio-services firm may add 561 jobs, invest $213M; seeks incentives
Cognate BioServices, which has been contract-manufacturing in Memphis since 2007, seeks 15 years of property tax breaks that would save the company $52 million in return for the jobs and investment. However, the firm would still pay $65.4 million in taxes during the same period.
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Cognate BioServices gets big tax break for big investment, hiring spree
The bio-services firm commits to creating 561 more jobs that pay $63,749 on average, and to making a $212.9 million capital investment.
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MyCityRides receives $25,000 from Regions Foundation of Tennessee
The nonprofit organization so far has sold 270 motor scooters to provide reliable, affordable workforce transportation, but also provides free accessory gear, training, maintenance and insurance.
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October 2020
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Indigo Ag’s carbon credits help farmers, environment
Indigo Ag has launched a new line of business selling carbon credits that benefit farmers in sustainable agriculture. And Indigo’s first eight corporate customers include some stellar names.
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Architectural materials warehouse planned for Olive Branch
Material Bank plans to lease warehouse space, invest $14.5 million and employ 300 people in Olive Branch.
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Amazon plans to build delivery station along I-40 in Cordova
A developer has filed for a 31-acre planned development just west of Appling Road along I-40, where a 141,000-square-foot Amazon delivery station would be built.
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August 2020
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TVA chief details Memphis losses in economic development by leaving the system
Memphis and Shelby County will sacrifice hundreds of millions of dollars worth of support in economic development if Memphis Light, Gas & Water Division splits from TVA, chief executive Jeffrey Lyash tells the EDGE Board.
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Yeti cooler warehouse among 6 new projects totaling 587 jobs, $184M in investments
DHL proposes to build a 975,000-square-foot warehouse and fill it with Yeti coolers and other Yeti products. And a California company proposes to move its headquarters to Memphis.
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Bartlett medical-device maker to invest $13M, add 60 jobs
Engineered Medical Systems has already more than doubled the size of its facility from 40,000 to 92,000 square feet.
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Indigo Ag raises another $360M from investors
Start-up Indigo Ag, with its North American commercial operations headquartered in Downtown Memphis, continues to raise investor funding, but has a goal to become self-sufficient by the end of this year.
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July 2020
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MLGW pole blocks Grind City from opening taproom
Owners have spent nearly $11 million building Grind City Brewery Co. near Uptown. They are frustrated that the taproom's opening has been delayed for months while they wait for MLGW to move a power pole from the middle of the access drive.
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Amazon locating sixth Memphis-area facility in Horn Lake
The e-commerce giant will now operate more than 4 million square feet of facilities in the Memphis area.
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Google taps Southaven for first center of its kind in U.S.
Google's goal is to hire 100 people by the end of 2020 and open its operations center at 5665 Airways by summer 2021.
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May 2020
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St. Clair Foods keeps growing in Whitehaven
A building permit application filed this week is part of a $20 million project to enlarge and upgrade St. Clair Foods, which makes potato salad and many other refrigerated or frozen side dishes and has an expanded deal with Sam's Club stores.
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April 2020
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Amazon hired 2,000 people in Tennessee the past month
Amazon says it has met its goal of hiring an additional 100,000 people in the U.S. over the past month, including 2,000 in Tennessee.
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Proposed industrial park near airport takes step forward
The Land Use Control Board endorsed rezoning from residential to light-industrial uses 66 acres just north of Memphis International Airport. The site is where 258 homes were removed decades ago as part of a noise-abatement program.
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Google Operations Center may land at wooded site in Southaven
Sources say Google has homed in on undeveloped land fronting Interstate 55, just north of Tanger Outlets, for a customer-support center that will employ more than 350 people.
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February 2020
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Indigo Ag: Memphis office growing despite job cuts
Indigo Ag indicates that roughly 50 Memphis employees have been laid off. Yet, the Memphis staff of 280 is still larger than it was a year ago and will keep growing, a company representative says.
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New leader has simple message: ‘Be a cheerleader for Memphis’
Kathryn Garland, a former chef turned real estate agent, is the new president of the Memphis Area Association of Realtors.
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