April 27, 2017

Fortune 1000 Company Set to Relocate HQ to Schilling Farms

Memphis Business Journal

Memphis is set to lose a Fortune 1000 company to Collierville.

Mueller Industries, currently headquartered in Southwind, is planning to move its 120-person headquarters to a yet-to-be-constructed office building at Schilling Farms, according to Collierville director of Economic Development John Duncan.

The company, which produces piping, industrial metals and climate control products, presented an application for a 10-year payment-in-lieu-of-taxes (PILOT) to the Collierville Industrial Development Board (IDB) Wednesday, April 26, Duncan said.

In its presentation, the company outlined $14.8 million in land, building and personal property investments that will be made in Collierville in conjunction with its proposed move. The 120 jobs involved pay an average salary of $89,000.

A Boyle executive did not return a request for comment, and Mueller executives could not be reached for this story.

Over the 10 years of the proposed PILOT, Mueller would make about $248,000 in PILOT payments to Collierville. If the Schilling Farms parcel were to go undeveloped, property taxes on the undeveloped land would amount to $46,710 over the 10 years, Duncan said.

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