MEMPHIS, Tenn. — Transportation company JNJ Express will invest $83.6 million to expand its operations and establishes a new corporate headquarters in Memphis, Gov. Bill Lee and state officials announced Tuesday.
The state said JNJ will create 610 new jobs over the next five years. The family-owned company currently employs 290 in the Memphis area.
The company's new campus will be at 5000 American Way, in the old Delta Square shopping center.
"This investment will revitalize a retail site that's been vacant for a long time, and it will jumpstart the surrounding area, leading to what we hope will be even more investments in the month ahead," Lee said.
According to documents from EDGE, JNJ Logistics LLC was awarded a 15-year Expansion PILOT last July to encourage the company to invest $20.5 million at 5000 and 5050 American Way, retain 290 existing employees, and create 222 new jobs with an average salary of $65,410.
At the announcement state and local leaders touted that this news comes just weeks after FedEx Logistics said they're moving their headquarters to another vacant building downtown and expanding as well. And earlier this year Mimeo and Indigo Ag making similar announcements.
Governor Bill Lee talked about keeping the momentum.
"One, we continue to have business friendly environment but two I think companies are interested in the fact that we are making significant investment in workforce development," he said.
JNJ currently operates on three properties, according to the CEO the plan is to consolidate to one property. The John Ennis, Jr. the CEO, saying this will help with recruiting and retention.
He highlighted the issue of driver shortage.
"We'll have showers, we'll have a cafeteria, we'll have a store for them to pick up general goods, we'll have a gym, we'll have game rooms in there for them to just get out of the truck. These guys work hard so our drivers are the ones who are out there doing the heavy lifting," Ennis said.
The company now working with the state to develop an incentive package, that has not yet been finalized.
"We will be certain that whatever incentives we provide they will be tied to accountability around job creation," Lee explained.