IKEA voluntarily seeks to lower tax abatement after failing to create 175 jobs
The Swedish furniture retail giant was unable to hire the number of jobs or pay the level of wages it promised the city and county in exchange for lesser property tax payments. (Daily Memphian file)
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.
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EDGE IkeaMichelle 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.
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