Smith & Nephew was granted a 15-year PILOT for its expansion plans at Goodlett Farms. As part of the growth, it will add 160 new jobs with an average annual wage of $121,425 including benefits. A previous application indicated average pay of $101,000 including benefits. The company will purchase a 285,000-square-foot building that was originally built to house Concord EFS Inc.’s corporate headquarters. Smith & Nephew’s total capital investment will reach $42 million and its 15-year PILOT is worth about $6.3 million. With the new jobs, Smith & Nephew’s Memphis-based operations will employ more than 2,000. The company will continue to operate — and has room to grow — its manufacturing operations at facilities on Brooks Road. London-based Smith & Nephew’s Orthopaedic Reconstruction and Trauma and Clinical Therapies units are based in Memphis.
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