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Key vote advances plans for Memphis Electrolux plant

The Memphis Industrial Development Board has approved the PILOT (Payment-In-Lieu-Of-Taxes) request from Electrolux Appliances, the first in a series of needed steps to bring the major manufacturer to Memphis.
 
The action was taken Wednesday, January 12 at the board’s regularly scheduled meeting.

In December, the company announced it would be moving its cooking manufacturing operations to Memphis. When the project is complete, Electrolux will occupy a $195 million, LEED-certified facility that will include manufacturing and office facilities. Electrolux has committed to creating 1,240 jobs for their manufacturing facility that will be located in Pidgeon Industrial Park. 

In addition, it is expected that over 2,250 supplier jobs will be created either onsite or in very close proximity of the new Electrolux facility.

The state of Tennessee has committed over $100 million in bringing this project to Memphis/Shelby County. The City of Memphis and Shelby County will need to approve $20 million bond issue each before January 31 in order to meet the Electrolux time schedule.  The matter will come before the Memphis City Council and the Shelby County Commission next week.

“Right now, one of the most important things we can do for our citizens of Memphis and Shelby County is to welcome new jobs,” said City of Memphis Mayor A C Wharton.  “I truly believe this announcement of the Electrolux facility in Memphis is only the beginning of our bringing thousands of new positions to the area.”

"Countless businesses and industries will benefit by Electrolux moving part of its operations to our community.  It's my hope this multi-million dollar investment by Electrolux will spark a renewed interest in Memphis and Shelby County among other corporate CEOs,” said Shelby County Mayor Mark Luttrell. “Perhaps they, too, will see the importance of our geographic location and the personal commitment they could receive from business and government leaders." 

“A project like Electrolux is one that we are excited to invest in,” said Mark Yates, Chairman for the Memphis Industrial Development Board. “This project represents new jobs and new growth for our business community.”
 
--Amy Daniels

Continue to watch the Chamber’s web site for more about Electrolux’s move to Memphis.
Posted: 1/13/2011 12:23:48 PM | with 0 comments



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THE M BLOG
The latest news from the Greater Memphis Chamber. For more information, contact Director of Communications Christina Meek at (901) 543-3504 (cmeek@memphischamber.com) or Communications Specialist Jenny C. Fish at (901) 543-3558 (jfish@memphischamber.com).

 

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