General News

PILOT approved for IMC Companies relocation to Collierville

A 10-year payment-in-lieu-of-taxes (PILOT) incentive was approved that will move the headquarters of IMC Companies to Collierville.

The intermodal logistics company with operating units across the U.S. will leave its space in Lenox Park in the 385 Corridor and relocate to Schilling Farms.

The company will invest $18.3 million in a three-story, 75,000-square-foot facility for its headquarters. A release said the company hopes construction is complete by the summer of 2021.

It will be the biggest expense the company has made since it opened in 1982, according to the release.

Fleming Architects will design the headquarters and Linkous Construction will build it.

The company said 152 people will be located at the new facility but IMC leaders have told Collierville officials they expect more jobs over time.

“We’ve always been a growth-oriented company,” Mark H. George, chairman of IMC Companies, said in the release. “We’ve doubled in size every five years and plan to remain focused on expansion.”

The move brings the number of corporate headquarters jobs in Schilling Farms to 1,000 and a total of 4,000 in Collierville, according to John Duncan, director of economic development.  To read the full article, click  PILOT approved for IMC Companies relocation to Collierville – The Daily Memphian