The Northwest Company, LLC was awarded a ten-year EDGE Fast Track Payment-In-Lieu-of-Tax (PILOT). The project will bring 25 new jobs to Memphis with an average base salary of $34,250 excluding benefits and invest $5.7 million in the facility located at 4755 Southpoint Drive.
Founded in 1987 and headquartered in Roslyn, New York, with facilities in North Carolina and California, The Northwest Company is a top manufacturer of branded blankets and throws. The company imports, manufactures, and distributes blankets, pillows, towels, bags, and accessories under licensing agreements with Disney, the NFL, MLB, NHL, NBA, MLS, and more than 250 colleges. The company sells to specialty stores and mass merchant retailers throughout the United States and Canada and operates an online retail presence.
The Northwest Company will lease a long-vacant distribution facility in Southeast Memphis to support its customer base in the Central United States and house order entry, customer services, and clerical functions. EDGE Staff projects $5,117,002 in tax revenues to be received during the PILOT term and an estimated $4,967,197 benefit to The Northwest Company, LLC.
For more information about this project, please visit the EDGE Project Database.