Ampro Industries

Investment

  • NMTC Amount: $10,000,000
  • Total Project Cost: $10,000,000

IMPACT

  • 167 FTE jobs
  • 82 jobs created and 85 jobs retained.

Investor

Project Description

This project supported the equipment purchases and revitalization of an abandoned facility to be utilized for manufacturing personal care products. In addition to the direct jobs created at Ampro as a result of the project, the company is driving significant economic opportunities within the local community as a result of the construction of the facility. At the local level, the county provides a tax abatement for projects that utilize MBEs as part of their construction projects. In order to qualify for the tax freeze, Ampro needed to contract with MWBEs for $4.2 million in costs related to the project. To date, the company has spent over $10.77 million with local MWBEs, with current estimates projecting that total MWBE spending will total over $12 million upon completion. This will qualify the company for a 6 year property tax abatement, which amounts to over $3 million in savings to Ampro.

MAP

Address: 4171 Steele Ave., Memphis, TN 38217

Census Tract: 47157010002

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