‹ Back To Pilot Programs

W.M. Barr & Company, Inc.

Project Number: 20160901
Project Type: Expansion
Parcel ID: 050113 0015c
County Commission District: 9 | City Council District: 6

Summary

W.M. Barr & Company, Inc. was awarded a nine-year Expansion PILOT to enable the company to retain 179 jobs in the City of Memphis and add 40 net new jobs to the company’s Presidents Island facilities. The average base salary with expected overtime for all 219 employees will be $52,800, excluding benefits. The company will add 10,000 square feet of manufacturing space to its existing facility. Total project investment is $12 million.

When complete, these redesigned facilities will have reduced 1,500 feet of conveyors to just 500 feet, improved plant efficiencies and increased local employment from 179 to 219 jobs. This will assist the company with reshoring capabilities from China to Memphis and to ship more than one million units per week from the Memphis headquarters.

Founded in 1946 by William M. Barr, the company has grown to become a leader in specialty cleaning and home improvement products that are sold in more than 40,000 stores in all 50 states. The Memphis-based company manufactures paint removers, solvents and household cleaning products including Klean Strip, Damp Rid, Goof Off and Home Armor. W.M. Barr & Company and its sister company, Microban International, employ more than 300 people worldwide.

EDGE Staff projects $8,845,322 in local total tax revenues to be received during the PILOT term and a $1,117,131 benefit to the company.

PILOT Term:

9

Projected New Jobs:

40

Projected Retained Jobs:

179

Total Jobs:

219

Projected Average Payroll of New Jobs:

$39,944

Projected Average Payroll of Retained Jobs:

$55,672

Annual New Direct/Indirect Payroll:

$1,597,760

Annual Retained Direct/Indirect Payroll:

$9,965,288

Total Capital Investment:

$12,000,000
Real Property Investment:
$2,000,000

Personal Property Investment:
$10,000,000

Community Reinvestment Credit (CRC):
Not applicable

Capital Investment not in PILOT:
Not applicable

Projected Tax Revenue:

$8,845,322

Projected Taxes Abated:

$1,117,131
City: $488,835 (75%)
County: $628,296 (75%)

Benefit/Cost Ratio:

7.92

Projected MWBE/LOSB Spending:

$597,815

Incentive Provided:

$1,117,131

Compliance Information

Not applicable

Approved

9/21/2016

Ramp up Period

2

Closing

Not applicable

Effective

Not applicable

Lease Begins

Not applicable

Lease Expires

Not applicable

Amended

Not applicable

Property Details

Lease Began

Not applicable

Lease Expires

Not applicable

W.M. Barr & Company, Inc.

2105 Channel Avenue, Memphis , TN 38106