Get email alerts on the Corporate Project Report topic
No spam. Unsubscribe anytime.
Redevelopment staff: FedEx project meets investment and employment commitments
Summary
Redevelopment staff reported Federal Express Corporation (FedEx) is in compliance with its project agreement and provided investment, assessed-value, tax and employment figures for the reporting year.
Redevelopment staff told the commission that Federal Express Corporation had filed its final required annual report and met the commitments in its project agreement. According to staff, "It's 160,000 160,000,000 at the project site," and the report lists an assessed personal‑property value of $40,000,000 and $932,000 paid in personal property taxes in the reporting year. Staff said total personal property taxes paid by the project to date were just under $5,000,000 and that the employment figures exceed contractual minimums.
Commissioners were told the site currently employs about 171 full‑time workers (average wage stated as $30.72) and roughly 875 part‑time workers (average wage stated as $20.10). Redevelopment staff indicated no further action was required and that the report would be kept on record.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
