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VOL. 131 | NO. 230 | Thursday, November 17, 2016

Olive Branch Operation Eyes Relocation to Memphis

By Patrick Lantrip

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International Distributors USA Inc., which distributes automotive filters under the brand Premium Guard, has applied for a 10-year Fast Track PILOT to move its national distribution center out of Olive Branch and into Hickory Hill.

It was one of the items scheduled to go before the Economic Development Growth Engine Board at its meeting Wednesday, Nov. 16.

In its application, International Distributors said it has outgrown its 165,000-square-foot distribution facility at 10665 Ridgeway Industrial Drive and is looking to move into a 510,310-square-foot distribution facility at 4770 Hickory Hill Road.

In addition to netting 40 new jobs, the company plans to inject nearly $6.5 million into the city of Memphis, including the $5.7 million purchase of the South Memphis facility from TBC Corp., which is in the process of relocating to Rossville, Tennessee, after being awarded payment-in-lieu-of-taxes incentives from Fayette County.

The 40 new Memphis jobs will have an average base salary of $37,106.

While International Distributors would more than triple the size of its facility with the jump to Hickory Hill, their projected growth in the next five years has the potential to double the size of its production facilities, which would exceed the parameters of the new location.

To accommodate this potential growth, the application requested that if the company expands in the next five years that any new location also receive an additional 10-year PILOT incentive.

“IDUSA is still considering expanding its operations in DeSoto County, and the PILOT incentives offered by EDGE will factor heavily into applicant’s decision regarding whether to move its growing operations to Memphis,” the company stated in its application.

The company said it is still considering expanding in Olive Branch, including possibly building more facilities next to its existing facility, which it will continue to own even if the move to Memphis is finalized.

DunAn Precision Inc.

Also on the EDGE agenda is an extension request filed by DunAn Precision Inc.

On Nov. 18, 2015, the EDGE board awarded DunAn an eight-year PILOT incentive.

If approved, the board would give the air conditioning and refrigeration component manufacturer until May 18, 2017, to close on the factory located at 5750 Challenge Drive in Hickory Hill.

Plains and Eastern Clean Line

Plains and Eastern Clean Line also filed for an extension with the EDGE Board.

Its original PILOT was granted on Feb. 29, 2014, but if approved the clean energy line owned by Clean Line Energy Partners would have until Feb. 29, 2018, to close on its facility.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 94 2,713
MORTGAGES 16 37 1,820
FORECLOSURE NOTICES 10 23 298
BUILDING PERMITS 303 621 6,322
BANKRUPTCIES 138 138 1,115
BUSINESS LICENSES 0 68 559
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0