FedEx Ground wants to bring a new distribution center to Greenwood.
The 608,000-square-foot distribution center is planned for a 237-acre property on Worthsville Road, just east of Interstate 65. The center could eventually be expanded to twice that size, company officials said.
The company plans to invest $259 million into the new facility that would create 455 full- and part-time jobs, according to the company’s filing with the city. The average wage for the 80 full-time jobs would be about $24 per hour and 375 part-time jobs would be about $14 per hour.
FedEx requested a 10-year property tax break on the new facility, which was approved by the Greenwood Redevelopment Commission on Tuesday. The tax break would save the company $17 million in property taxes during the 10-year period, but the city would still collect about $29 million in property taxes during that time period, according to the filing.
The tax break still would need approval from the Greenwood City Council.
FedEx is considering projects in multiple areas of the country, and the tax break would help improve the company’s return on its investment, the filing said.
Construction would begin on the new facility next year and begin operating in 2020, according to the filing.