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JM Smucker LLC
Project Number: 20130201
Pilot Type: Standard/Basic
Status: Approved
Parcel ID: 074032 00038
County Commission District: 5 | City Council District: 3, 9
Pilot Type: Standard/Basic
Status: Approved
Parcel ID: 074032 00038
County Commission District: 5 | City Council District: 3, 9
Summary
J.M. Smucker was awarded a PILOT amendment to receive a 15-year incentive to enable the company to invest $96 million while adding 103 new jobs.The project will create $16,255,575 in new tax revenue for Memphis and Shelby County over the 15-year term.
The company was originally approved for a 12-year PILOT that called for J.M. Smucker to invest $55 million and create 125 new jobs.
J.M. Smucker had scheduled to shutter its Memphis operation in favor of its Orrville, Ohio facility, but instead decided to retain its Memphis operations and expand the facility following the approval of the PILOT.
According to the company’s amended application, a review of its production process revealed that the company would need to nearly double its local investment to purchase more equipment and invest in a larger expansion at its Memphis facilities located at 4789 Cromwell Road and 4740 Burbank Road.
To date, 61 of the previously 125 new jobs committed are on site and J.M. Smucker said the company will add 42 new jobs over the next four years.
The increased investment in equipment will require more automation and reduce the company’s new job commitments from 125 to 103, but J.M. Smucker said it will raise its average salary commitment from $48,256 to $52,545.
J.M. Smucker is the one of the largest U.S. quality branded processed and packaged goods producer.
PILOT Term:
15 years
Projected New Jobs:
103
Projected Retained Jobs:
Not applicable
Total Jobs:
103
Projected Average Payroll of New Jobs:
$52,545
Projected Average Payroll of Retained Jobs:
Not applicable
Annual New Direct Payroll:
$5,412,135
Annual Retained Direct Payroll:
Not applicable
Total Capital Investment:
$96,013,397
Real Property Investment:
$34,246,397
Personal Property Investment:
$61,767,000
Community Reinvestment Credit (CRC):
Not applicable
Capital Investment not in PILOT:
Not applicable
Projected Tax Revenue:
$16,255,575
Projected Taxes Abated:
$13,021,614
City:
$5,690,445
County:
$7,331,169
Benefit/Cost Ratio:
1.25
Projected MWBE/LOSB Spending:
$5,377,500
Incentive Provided:
$13,021,641
Compliance Information
Not applicable

Approved
2/20/2013
Ramp up Period
4 years
Closing
12/31/2014 (Real)
12/31/2014 (Personal)
12/31/2014 (Personal)
Effective
12/31/2014
Lease Begins
12/31/2014 (Real)
12/31/2014 (Personal)
12/31/2014 (Personal)
Lease Expires
12/31/2027 (Real)
12/31/2033 (Personal)
12/31/2033 (Personal)
Amended
1/15/2014
Property Details
Lease Began
12/31/2014 (Real)
12/31/2014 (Personal)
12/31/2014 (Personal)
Lease Expires
12/31/2027 (Real)
12/31/2033 (Personal)
12/31/2033 (Personal)
JM Smucker LLC
4740 Burbank Rd, Memphis, TN 38118- Project Files
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Closing
- Real Property Leases
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Personal Property Leases
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2015_
Dec_ 31st_ 1st_ Amend_ to_ 2014_ PP_ Lease_ JM_ Smucker. pdf -
2014_
Dec_ 31st_ PP_ Lease_ JM_ Smucker. pdf -
2015_
Dec_ 31st_ PP_ Lease_ JM_ Smucker. pdf -
First_
Amendment_ to_ 2016_ Personal_ Property_ Lease_ Agreement_ J. M. _ Smucker_ LLC. pdf -
2017_
Dec_ 31st_ Personal_ Property_ Lease_ Agreement_ J. M. _ Smucker_ Pt. 1_ . pdf -
2017_
Dec_ 31st_ Personal_ Property_ Lease_ Agreement_ J. M. _ Smucker_ Pt. 2_ . pdf -
2017_
Dec_ 31st_ Personal_ Property_ Lease_ Agreement_ J. M. _ Smucker_ Pt. 3_ . pdf -
2017_
Dec_ 31st_ Personal_ Property_ Lease_ Agreement_ J. M. _ Smucker_ Pt. 4_ . pdf -
2018_
Dec_ 31st_ Personal_ Property_ Lease_ J. M. _ Smucker. pdf -
2018_
Dec_ 31st_ Amendment_ to_ 2015_ Personal_ Property_ Lease_ J. M. _ Smucker. pdf -
2018_
Dec_ 31st_ Amendment_ to_ 2017_ Personal_ Property_ Lease_ J. M. _ Smucker. pdf -
2020_
12_ 31_ 2nd_ Amendment_ to_ 2017_ and_ 3rd_ Amendment_ to_ 2018_ PPLA_ J. M. _ Smucker. pdf -
2021_
12_ 31_ 5th_ Amendment_ to_ 2018_ PPLA_ J. M. _ Smucker. pdf -
2021_
12_ 31_ 4th_ Amendment_ to_ 2018_ PPLA_ J. M. _ Smucker_ 1_ . pdf
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2015_
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Bills of Sale
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2014_
Dec_ 31st_ Special_ Warranty_ Deed_ JM_ Smucker. pdf -
2014_
Dec_ 31st_ Bill_ of_ Sale_ JM_ Smucker. pdf -
2014_
Dec_ 31st_ Bill_ of_ Sale_ JM_ Smucker_ copy. pdf -
2015_
Dec_ 31st_ Bill_ of_ Sale_ JM_ Smucker. pdf -
2015_
Dec_ 31st_ QuitClaim_ Bill_ of_ Sale_ JM_ Smucker. pdf -
2018_
Dec_ 31st_ Bill_ of_ Sale_ J. M. _ Smucker. pdf -
2018_
Dec_ 31st_ Quitclaim_ Bill_ of_ Sale_ 2018_ copy_ J. M. _ Smucker. pdf -
2018_
Dec_ 31st_ Quitclaim_ Bill_ of_ Sale_ 2016_ copy_ J. M. _ Smucker. pdf -
2018_
Dec_ 31st_ Quitclaim_ Bill_ of_ Sale_ 2017_ J. M. _ Smucker. pdf -
2020_
12_ 31_ Quitclaim_ Bill_ of_ Sale_ J. M. _ Smucker. pdf -
2020_
12_ 31_ Bill_ of_ Sale_ J. M. _ Smucker. pdf -
2021_
12_ 31_ Bill_ of_ Sale_ J. M. _ Smucker. pdf -
2021_
12_ 31_ Quitclaim_ Bill_ of_ Sale_ J. M. _ Smucker. pdf
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2014_
- Compliance Files