Healthcare company plans Memphis hub with 100 new jobs
LifeScience Logistics said Monday it will invest $23.2 million into a 625,000-square-foot climate-controlled warehouse in southeast Memphis.
The company says the Memphis site will serve as a critical hub for the safe storage and distribution of pharmaceuticals and medical devices.
Korean company to invest $51M in Memphis, creating over 100 new jobs
'Memphis offers a strategic advantage with its central location and strong transportation infrastructure,' said David Cheetham, CEO of LifeScience Logistics, in a news release. 'This new facility enhances our ability to provide rapid, reliable, and compliant logistics solutions while also supporting our clients' business continuity goals.'
The new jobs will pay an average wage of $61,000, with some paying six figures, according to the company's PILOT application.
The company received a payment in lieu of taxes deal in April, worth $6.2 million.
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