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International Distributors USA, Inc.
Project Number: 20161101
Pilot Type: Fast Track
Status: Approved
Parcel ID: 093600 00234/093600 00231
County Commission District: 12 | City Council District: 3
Pilot Type: Fast Track
Status: Approved
Parcel ID: 093600 00234/093600 00231
County Commission District: 12 | City Council District: 3
Summary
International Distributors USA, Inc. (“Applicant”) was approved for a ten-year Fast Track PILOT to enable the company to create 40 Net New Jobs and invest $6,475,334 in the City of Memphis at 4770 Hickory Hill Road and 0 East Shelby Drive.The total project investment includes the $5.7 million purchase of a 510,000 square foot warehouse facility, $500,000 in new personal property and $275,334 in relocated racking, equipment and office furniture. The Applicant is requesting Community Reinvestment Credit.
The Applicant will hire or relocate 40 employees with an average base salary of $37,106, excluding overtime and benefits.
Parcel 093600 00234 (4770 Hickory Hill Road) is 19.79 acres and contains a warehouse that is approximately 510,000 square feet. Parcel 093600 00231 (0 East Shelby Drive) is 1.20 acres with parking as the only improvement. Both real property and personal property investments at these locations will be included in the PILOT.
IDUSA is an importer of automotive parts and supplies. The company distributes these products under the name Premium Guard to retailers and manufacturers throughout the United States and around the globe. Since 1996, IDUSA has focused on designing, manufacturing and distributing products for automotive, diesel, power-sports and specialty filter markets. Today, IDUSA has almost 2,000 filtration part numbers and is positioning themselves for continued growth in aftermarket automotive products.
IDUSA has outgrown its distribution facilities in Olive Branch, Mississippi. The Payment-In-Lieu-Of-Tax program will allow the Applicant to purchase an existing facility in Memphis that fits their needs, triple the size of their operation and hire new employees.
Staff projects $1,931,960 in local total tax revenues to be received during the PILOT term of this project and a $1,268,905 benefit to the Applicant.
PILOT Term:
10 years
Projected New Jobs:
40
Projected Retained Jobs:
Not applicable
Total Jobs:
40
Projected Average Payroll of New Jobs:
$37,106
Projected Average Payroll of Retained Jobs:
Not applicable
Annual New Direct Payroll:
$1,484,240
Annual Retained Direct Payroll:
Not applicable
Total Capital Investment:
$6,475,334
Real Property Investment:
Not applicable
Personal Property Investment:
$775,334
Community Reinvestment Credit (CRC):
$5,700,000
Capital Investment not in PILOT:
Not applicable
Projected Tax Revenue:
$1,931,960
Projected Taxes Abated:
$1,268,904
City:
$554,511
(75%)
County:
$714,393
(75%)
Benefit/Cost Ratio:
1.52
Projected MWBE/LOSB Spending:
$190,336
Incentive Provided:
$1,268,904
Compliance Information
Not applicable

Approved
11/16/2016
Ramp up Period
2 years
Closing
1/31/2017 (Real)
12/31/2017 (Personal)
12/31/2017 (Personal)
Effective
1/31/2017
Lease Begins
1/31/2017 (Real)
12/31/2017 (Personal)
12/31/2017 (Personal)
Lease Expires
1/31/2027 (Real)
12/31/2028 (Personal)
12/31/2028 (Personal)
Amended
Not applicable
Property Details
Lease Began
1/31/2017 (Real)
12/31/2017 (Personal)
12/31/2017 (Personal)
Lease Expires
1/31/2027 (Real)
12/31/2028 (Personal)
12/31/2028 (Personal)