EDGE Approves 10-Year Tax Abatement for ITT Goulds Pumps
EDGE, the Economic Development Growth Engine for Memphis and Shelby County, has approved a 10-year tax abatement for ITT Goulds Pumps, a move that could see the industrial company relocate its operations from Southaven, Mississippi, to a 297,000-square-foot building in…
Memphis, TN, October 21, 2026 —
EDGE, the Economic Development Growth Engine for Memphis and Shelby County, has approved a 10-year tax abatement for ITT Goulds Pumps. The approval could support a move of the industrial company’s operations from Southaven, Mississippi, to a 297,000-square-foot building in Southeast Memphis.
The summary of the decision describes the relocation as a possibility; it does not confirm that the company has finalized or completed a move. It also does not identify when a relocation might take place or provide details about the building’s ownership or current use.
The abatement’s dollar value, specific terms and start date were not provided. The summary also does not state what investment the company may make, how many jobs could be affected or created, or whether any employment commitments are attached to the approval.
EDGE is identified as the economic development organization for Memphis and Shelby County. No further information was provided about the approval process, the reasons for the proposed relocation, or statements from the company or public officials.
As a result, the confirmed details are limited to EDGE’s approval of a 10-year tax abatement and the potential relocation from Southaven to a 297,000-square-foot building in Southeast Memphis. The company’s final plans and the financial and employment details of the proposal were not included in the available summary.
Story summarized from the original created by aashby@dailymemphian.com (Andy Ashby) on dailymemphian.com, see more information here.
