FedEx reports compliance on Greenwood incentive; assessed personal property near $53 million

Mister Watson, member, presented an annual compliance report on the FedEx incentive project, saying the company met the contract conditions tied to personal property taxes for 2024.

Watson told the body the assessed value of FedEx’s personal property for 2024 was just under $53,000,000 and that the company paid about $1,400,000 in taxes. He said the locality provided incentive payments totaling $564,000 in two disbursements tied to that personal property assessment.

The report, Watson said, listed total capital expenditures for the project at $155,000,000. He reported employment above the minimums required by the incentive: about 170 full‑time employees and 879 part‑time employees at the end of 2024. Watson cited average hourly wages of $29.79 for full‑time employees and $20.28 for part‑time employees. He also noted the company reported no facility closures and that the operation is expected to continue.

"All looks good there," Watson said, summarizing his review of the document. He explained that because the written report showed no noncompliance, FedEx would not need to file the shorter follow‑up report in August.

The board did not take formal action on the report beyond placing it on the record and asking staff to upload the document to the official SharePoint folder.

Details reported by Watson are drawn from the company’s annual submission to the locality; the transcript did not identify the document by ordinance or resolution number, and no additional legal citation was provided.