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FedEx Logistics, Inc. 2

Summary

FedEx Logistics, Inc. received a $10,000,000 grant from the Tennessee FastTrack Economic Development Fund. The Tennessee FastTrack Economic Development Fund provides additional grant support for companies expanding or locating in Tennessee with reimbursable grants made to local industrial development boards. EDGE acted as a conduit for the grant.

The grant is to help offset building renovation costs for the proposed Downtown Memphis headquarters space located in the vacant 190,000 square foot Gibson Guitar manufacturing plant.

Financing Amount:

$10,000,000

Projected Total Jobs:

689

Total Investment:

$47,300,000

Approved

6/5/2020

FedEx Logistics, Inc. 2

145 George W. Lee, Memphis, TN 38103