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Statement regarding Electrolux
Statement regarding Electrolux
Posted on 01/31/2019
“Electrolux may be leaving Memphis, but they aren’t leaving because of Memphis. To hear about this announcement in a press release after being told a month ago that the plant wasn’t closing is disappointing to say the very least,” Mayor Jim Strickland said. “There is some consolation that Electrolux has committed to work with employees by allowing them to have time to find other opportunities, and from a community perspective, we will do all we can to help them find other employment. In 2010, the State, County and City acted in good faith and made an unprecedented investment in this company and in Memphis. Just like they are exercising their option to leave, we will exercise our option to vigorously defend our investment. With a tough global economy, rising tariffs and losing a major product retailer, they are making business decisions. This in no way will affect our determination to continue to recruit new companies and jobs to our city. We are meeting with Electrolux officials tomorrow.”

FAQ’s regarding the 2010 project
• Two parcels of free land totaling 800 acres in Pidgeon Industrial Park
• $40 million from City and County
• Additional $2 million from City/County for ancillary costs
• 15 year PILOT abating 90% City and 75% County property taxes
• $95 million cash grant from State of TN
• $3 million Federal Grant from Delta Regional Authority

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