Tax incentives approved for transformer plant, chemical plant

By , Daily Memphian Updated: December 18, 2019 6:10 PM CT | Published: December 18, 2019 3:53 PM CT

The EDGE Board on Wednesday approved $13.1 million worth of new tax incentives for two companies that plan to make $141 million in capital investments and add at least 159 jobs.

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Mitsubishi Electric Power Products Hyosung Heavy Industries EDGE for Memphis & Shelby County economic development Economic Development Growth Engine
Tom Bailey

Tom Bailey

Tom Bailey covers business news for The Daily Memphian. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He's worked in journalism for 40 years and has lived in Midtown for 36 years.


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