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DeSoto County approves tax-exemption packages for three tenants at Southaven distribution site
Summary
The board unanimously granted 10-year personal- and real-property exemptions to MG88 Memphis Distribution, Excel Inc. (DHL Supply Chain) and Hormel Foods at 8690 Tulane Road in Southaven; staff said tenants must apply for property exemptions on behalf of owners.
The DeSoto County Board of Supervisors on April 20 approved business investment incentive requests for three companies operating at 8690 Tulane Road in Southaven, granting multi-year property and personal property exemptions to support ongoing operations at the site.
DeSoto Council representative Cynthia Short introduced MG88 Memphis Distribution, LLC, Excel Inc. (doing business as DHL Supply Chain) and Hormel Foods Sales, LLC. The exemptions approved by the board include a 10-year personal property exemption for MG88 valued at $17,896,024 (effective Jan. 1, 2026–Dec. 31, 2035); a 10-year personal property exemption for Excel Inc. valued at $985,007.27 (same effective dates); and for Hormel Foods Sales LLC a 10-year real property exemption valued at $52,758,811.91 plus a $830,140.27 10-year personal property exemption and a Free Port Warehouse exemption, all effective Jan. 1, 2026–Dec. 31, 2035.
Jonathan Amato, the owner of MG88, participated by phone and described upgrades made to the building since 2021 and the tenants currently occupying the space. "The tenant has to apply for the real property exemption on behalf of the owner," Mrs. Short told the board when discussing the procedural next steps for real property exemptions. The board voted to approve all three exemptions by unanimous vote.
The approvals authorize staff to process the exemption paperwork; county staff noted tenants will still need to complete any application steps required by tax-assessment procedures to obtain the listed exemptions.
