IKEA voluntarily seeks to lower tax abatement after failing to create 175 jobs

By , Daily Memphian Updated: April 18, 2019 12:48 PM CT | Published: April 17, 2019 10:59 AM CT

Trying to keep up with an "ever-changing retail environment," IKEA has offered to voluntarily drop two years of its property tax abatement since it has been unable to create the number of jobs at the pay levels it promised in 2015. 

Bluff City Biz

Sign up to get the latest news and analysis from our Business team.

Manage Your Email Subscriptions

Topics

EDGE Ikea
Michelle Corbet

Michelle Corbet

Michelle Corbet covers business for The Daily Memphian. Prior to, she was a reporter at the Memphis Business Journal. A native Memphian and University of Memphis graduate, Michelle covered business in Conway, Arkansas after college. Michelle got her start covering business as an intern at The Commercial Appeal.


Comments

Reading comments and joining the conversation are some of the many benefits of subscribing. Join the conversation by clicking the View Comments button below. Not a subscriber? Click here. 

Our commenting policy can be viewed here

Bluff City Biz

Sign up to get the latest news and analysis from our Business team.

Manage Your Email Subscriptions