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ServiceMaster Global Holdings, Inc.
Summary
ServiceMaster Global Holdings, Inc. received a $5.5 million 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 part of an incentive package that will assist in retaining 965 ServiceMaster employees and relocate/consolidate the company's corporate headquarters at the once vacant 315,450 sq. ft. former Peabody Place retail/entertainment facility located at 150 Peabody Place, Memphis, TN.
Financing Amount:
$5,500,000
Projected Total Jobs:
965
Total Investment:
$36,000,000