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VOL. 113 | NO. 12 | Wednesday, January 20, 1999

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A tax freeze application for a project that would add 600 jobs in the next three years will be considered by the Industrial Development Board ServiceMaster project would create 600 jobs By KATHLEEN BURT The Daily News A tax freeze application for a project that would add 600 jobs in the next three years will be considered by the Industrial Development Board at its meeting next week. Memphis-based ServiceMaster Consumer Services, a division of ServiceMaster Co., is planning to add an 80,000-square-foot call center in a building on Shelby View Drive. In addition, the consumer services division is considering expanding services at its facility at 860 Ridge Lake Blvd. SMCS has requested a payment-in-lieu-of-taxes from the IDB. The IDB meeting begins at 3 p.m. Jan. 27 in Conference Room A on the fourth floor of Memphis City Hall, 125 N. Main St. The usual meeting date is the third Wednesday of each month. This month's meeting is a week late because the holiday season forced a meeting of the PILOT board which makes recommendations to the full IDB to be moved from the last week of December to the first week of January. The project graded out to a nine-year, full tax assessment freeze on real and tangible personal property involved in the project. According to the PILOT application, the project would promote a net increase of 200 jobs in each of the next three years, bringing the total number of full-time jobs to 2,400. The call center would serve the SMCS headquarters, Terminix and American Home Shield; establish a global division headquarters for Rescue Rooters, being transferred to Memphis from San Diego; and establish a global division headquarters for TruGreen Commercial Landscaping, being transferred to Memphis from Ashton, Md. According to the PILOT application, the median wage for jobs provided in this project is $20,010, which is 81 percent of the established median in the county of $24,846. If approved, $1.2 million in taxes would be abated over the life of the PILOT. In contrast, the project is expected to produce an economic impact of more than $10.36 million over nine years. ServiceMaster proposes to locate the call center at 6399 Shelby View Drive, in the Shelby Oaks Corporate Park. It would bring the total of SMCS facilities in Memphis to 10. The call center is planned for space near the PlanetRx facility, which leased space in the park last month. SMCS operates a worldwide network of more than 7,500 service centers. ServiceMaster Co. serves more than 9 million customers in 39 countries, employs about 45,825 people, manages about 200,000 others and has system-wide revenue in excess of $4 billion per year. ServiceMaster is divided into two primary groups: ServiceMaster Management Services, a provider of support solutions to the health care, education and business/industry markets, and SMCS. In addition to Terminix, Rescue Rooter, American Home Shield and TruGreen, the consumer services division has Merry Maids, AmeriSpec and Furniture Medic under its umbrella. The next IDB meeting is set for Feb. 17.
PROPERTY SALES 56 295 6,392
MORTGAGES 26 180 4,035
BUILDING PERMITS 128 840 15,361
BANKRUPTCIES 31 153 3,270