United Parcel Service, Inc. (UPS) is growing its operation and EDGE is working to make sure that expansion is in Memphis. The company currently operates a combination air sort and ground sort hub here that employs more than 1,300 people.
That expansion would include a new automated parcel handling facility that would help increase capacity and enhance UPS’s competitiveness in the market. The project would create 25 new supervisory jobs at an average base salary of $47,480 and invest more than $216 million at its 3675 New Swinnea Road location. It would also secure Memphis’s place in the UPS network for years to come and ensure job growth and retention with the company.
The project, assisted by EDGE through a 15-year Jobs PILOT, would generate an estimated $845,119 in new property taxes each year during the PILOT term and $2.9 million annually after the PILOT on what is currently nontaxable land owned by the airport.
