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Turner Holdings, L.L.C.

Project Number: 20160602
Pilot Type: Jobs
Status: Approved
Parcel ID: 017068 00066
County Commission District: 10 | City Council District: 5


Turner Holdings, L.L.C. was awarded a seven‐year Jobs PILOT to enable the company to add 25 net new jobs, in addition to its current 134 employees located in Memphis, Tennessee. Turner will make a $8,810,800 capital investment to expand the 2040 Madison Ave. manufacturing facility. When the project is complete, the facility will act as a processing plant that produces a variety of beverages, including a complete line of milks and juices.

The PILOT will encourage Turner to invest in additional capacity and upgrade the company’s equipment to remain competitive. Turner will expand the refrigerated warehouse including conveyors and additional employees to move product throughout the space. Addition of a corrugated packaging line will increase market capabilities and increase efficiency throughout the facility.

Turner will invest $5,000,000 to construct the Madison Ave. manufacturing facility. EDGE Staff recommends the existing buildings receive Community Reinvestment Credit. Turner will invest $2,500,000 in manufacturing machinery. Additionally, Turner will invest $500,000 in billboards, tanks and pipelines.

Turner Holdings, LLC operates in the market as Prairie Farms.Prairie Farms is recognized throughout the Midwest for its array of superior dairy products and exceptional service. Turner Dairy, L.L.C., a branded partner of Prairie Farms, has two processing plants offering a variety of dairy products. The Memphis, Tennessee plant produces a variety of beverages, including a complete line of milks and juices.

EDGE Staff projects $1,140,041 in total tax revenues to be received during the PILOT term of this project and a $1,136,434 benefit to Turner.

On May 31, 2018, Turner made the determination to not move forward on the PILOT process.



Projected New Jobs:


Projected Retained Jobs:

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Personal Property Investment:
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Community Reinvestment Credit (CRC):
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Capital Investment not in PILOT:
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Projected Tax Revenue:


Projected Taxes Abated:

City: $496,622 (75%)
County: $639,812 (74%)

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Incentive Provided:


Compliance Information

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Ramp up Period



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Lease Begins

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Lease Expires

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Property Details

Lease Began

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Lease Expires

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Turner Holdings, L.L.C.

2040 Madison Avenue, Memphis, TN 38104