Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 10 | Friday, March 8, 2019

Tennessee panel OKs $10M for FedEx project in Memphis

Print | Front Page | Email this story

NASHVILLE (AP) — A Tennessee panel has approved a $10 million economic development grant to establish the FedEx Logistics headquarters in downtown Memphis.

FedEx Logistics was one of five economic development deals that received the State Funding Board's approval Friday.

State economic development commissioner Bob Rolfe said FedEx Logistics has committed to invest $44 million and create 689 jobs earning $56 hourly on average. The $10 million state grant will help retrofit its building, the former Gibson Guitar factory.

Other incentives approved Friday include: $1.2 million for trucking company JNJ Express LLC in Memphis, $3 million for Brazilian tile maker Portobello America Inc. in Baxter, $6.5 million for Belgian bus and industrial vehicle manufacturer Van Hool TN Manufacturing LLC in Morristown and $28,000 for Swedish aluminum engineering firm Gränges Americas Inc. in Huntingdon.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0