ANDY MEEK | The Daily News
IN THEIR COURT: San Francisco-based McKesson Corp. is considering making a major investment in Memphis. McKesson executives are shown ringing the opening bell of the New York Stock Exchange last year. -- PHOTO COURTESY OF MCKESSON CORP.
Members of the Memphis-Shelby County Industrial Development Board were told last month the board’s tax incentive program needs to be tweaked – and soon. The reason: a major economic development project coming before them in November needs the new provisions.
That project involves McKesson Corp., a San Francisco-based multiplatform health care services company, making a capital investment of as much as $186 million in a new corporate campus in Memphis. McKesson is considering four different ways to consolidate three of its local operations, with the new facility the company develops ultimately serving as its U.S. logistics and supply chain headquarters.