Electrolux approved for 15-year tax freeze

MEMPHIS, Tenn. (AP) -- Cooking appliance maker Electrolux Home Products Inc. has been approved for a 15-year tax freeze as part of a deal to build a $190 million manufacturing plant in Memphis.

The Memphis-Shelby County Industrial Development Board unanimously approved the tax break during a Wednesday meeting that will save the company about $38.7 million.

In December the company selected Memphis as the site of a new facility that will provide 1,240 new jobs as well as additional supplier jobs. Construction is expected to begin later this year.

The Memphis Daily News reported that Tennessee competed with Alabama, Mexico and North Carolina and committed $100 million in incentives to secure the facility.

Shelby County Mayor Mark Luttrell said at the meeting that Electrolux brings a brand name that will draw other industries to the region.

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 113456534 - local8now.com/a?a=113456534
Gray Television, Inc.