Mimeo is doubling down on Memphis, planning to pour about $31 million more into its local operation while asking officials to tweak a tax incentive that helped bring the company here in the first place, according to city business filings. The request lands in front of Memphis economic development officials this week for review.
As first reported by the Memphis Business Journal, the expansion totals roughly $31 million, and Mimeo's Memphis facility employs about 376 workers with an average wage of nearly $61,300. The request to adjust the tax break also appeared on the Economic Development Growth Engine's April agenda, according to the Daily Memphian.
Company footprint in Memphis
Mimeo relocated its headquarters to Memphis in 2018 and now runs a major production hub in the city, the company notes on its website. That operation is part of a broader fulfillment and printing network that Mimeo says supports fast domestic delivery and business services across the U.S., according to Mimeo.
PILOT incentives and local debate
To land and grow projects like Mimeo's, Memphis leans on Payment-In-Lieu-Of-Taxes, or PILOT, programs that reduce or freeze property taxes for qualifying investments, per the city's incentive guide on Memphis Moves. Supporters say those deals help bring in jobs and capital. Critics counter that PILOTs can drain local coffers and sometimes fail to deliver the promised returns, a concern explored by MLK50.
What to watch next
The EDGE board reviewed Mimeo's request during its April meeting, and the Daily Memphian reported the item was considered alongside other local incentive requests. If EDGE approves an amendment, the move could change the length or value of Mimeo's PILOT and shift the schedule of property tax payments tied to the project.
For workers, the added capital could translate into more hiring and higher pay. For taxpayers, it revives a familiar Memphis debate over how much public subsidy is worth the long game on jobs and investment. This story will be updated once EDGE posts its decision and Mimeo releases a detailed breakdown of how it plans to use the new investment.
