300 jobs will come to Olive Branch | News
OLIVE BRANCH, MS- (WMC-TV) – A new company is bringing hundreds of jobs to Olive Branch.
An undeveloped lot will eventually become home to the new Helen of Troy warehouse. It is expected to bring about 300 jobs to the city.
Olive Branch Mayor Sam Rikard says it is something that has been in the works for at least six months.
The New Helen of Troy warehouse will be one of the first things people see coming to Olive Branch from the east.
DeSoto County is looking to finalize incentives to bring the company's second warehouse to the county.
Mayor Rikard says the undeveloped land currently brings in about 14,000 to the city, but the warehouse will bring in much more.
"Even with the tax incentives that we're offering, they're going to be paying the city of Olive Branch about a $120,000 a year," said Mayor Rikard.
On top of the additional revenue for the city and county, even more tax money will flow into the school systems in DeSoto County.
The consumer product manufacturer is expected to close one of its current facilities in Memphis in wake of the move to DeSoto County.
"I understand that ultimately the Memphis location will close and you would expect those employees to transfer, I'm told we'll have up to 400 employees," explained Rikard.
The warehouse is expected to open at some point in 2014.
All rights reserved.