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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

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)

Effective

1/31/2017

Lease Begins

1/31/2017 (Real)
12/31/2017 (Personal)

Lease Expires

1/31/2027 (Real)
12/31/2028 (Personal)

Amended

Not applicable

Property Details

Lease Began

1/31/2017 (Real)
12/31/2017 (Personal)

Lease Expires

1/31/2027 (Real)
12/31/2028 (Personal)

International Distributors USA, Inc.

4770 Hickory Hill Road, Memphis, TN 38141