Power-transformer maker plans to construct $30M manufacturing building
In 2019, the Economic Development Growth Engine for Memphis and Shelby County approved Hyosung Hico’s 11-year payment-in-lieu-of-taxes incentive. (Sophia Surrett/The Daily Memphian file)
The company had promised to invest $86.9 million in its facility and create more than 400 jobs by 2027. That promise was fulfilled two years ahead of schedule.
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Hyosung HICO Manufacturing Pickering Firm Inc.Sophia Surrett
Sophia Surrett is a University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers small business, nonprofits, restaurant real estate, hospitality and tourism and manufacturing.
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