MEMPHIS, Tenn. — Memphis is continuing to push toward the goal of creating 3,800 new jobs for the city and $1.1 billion in capital investments.
Wednesday, The Economic Development Growth engine for Memphis and Shelby County approved of a $216 million expansion for UPS’ sorting hub near the Memphis International Airport.
“UPS already employs about 1,400 people in the community so when you factor everything together it was a big day for the EDGE board,” said Reid Dulberger
This came after the approval of a $38 million dollar tax break.
“The EDGE Board made the decision to offer the abatement, now UPS has to nail down the decision to make the expansion. We know their local team is excited about this and we anticipate this project coming to Memphis,” said Dulberger.
According to UPS officials, they move anywhere between 600,000 to one million packages a day through the Memphis facility, now that number will rise with the addition of a 268 thousand square foot building.
“They still have to complete their decision making but to our understanding they’re anxious to get going and we are assuming we’ll see some dirt flying in 2020.”
EDGE said the currently the hub employs around 1,400 people and the expansion would add an additional 25 jobs to the numbers. The goal is simply to boost the Memphis economy.
“We have a combined goal with our colleagues with the greater Memphis chamber and the downtown commission to add almost 3,800 new jobs to our community and over 1.1. billion dollars of new investment. We got off to a strong start.”
The framework of the expansion will begin as early as the next few months. This is in addition to the Blues City Brewery undergoing a $49 million expansion to add 155 jobs.
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