ITT Goulds Pumps Expands With New Memphis Facility
The manufacturer gains a 10-year tax incentive to shift operations and add 57 jobs in the Memphis industrial market.
Updated on Oct. 27, 2026 in Manufacturing
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ITT Goulds Pumps is relocating its operations from Southaven to a new 297,000 square foot facility in Memphis after securing a local tax incentive. The industrial pump manufacturer expects the $31 million project to create 57 jobs in Shelby County.
Why it matters
The move follows capacity constraints at the company's existing Southaven distribution site, pushing it to seek a larger footprint. This investment highlights how regional tax policy and facility availability drive industrial shifts across the Tennessee-Mississippi border.
The 10-year tax incentive package supports a $31 million investment into a new 297,000 square foot facility. The project is projected to add 57 new jobs to the Shelby County manufacturing sector.
The players
ITT Goulds Pumps
An industrial manufacturer specializing in centrifugal and industrial pumps for global markets.
Economic Development Growth Engine for Memphis and Shelby County
The local agency responsible for administering tax incentives and economic development programs to spur business growth.
The details
ITT Goulds Pumps manufactures industrial and centrifugal pumps and is transitioning to a property at 5633 Mineral Wells Road. The firm secured a Fast Track payment-in-lieu-of-taxes benefit from local authorities to facilitate the relocation. This move allows the company to scale its manufacturing and distribution capabilities beyond the limits reached at its current Mississippi location.
Timeline
October 21, 2026: EDGE approved a 10-year tax break for the company.
October 22, 2026: The company announced the $31 million investment.
Market Landscape
This relocation follows the established pattern of utilizing the Tennessee Fast Track payment-in-lieu-of-taxes program to attract regional industrial growth. The move mirrors common competitive dynamics where local authorities use tax incentives to draw businesses from neighboring jurisdictions that have reached capacity.
Operators should monitor how local incentive approvals influence industrial real estate availability and wage competition in Shelby County. Review your own facility capacity and local tax incentive eligibility if your current distribution footprint is nearing peak operational thresholds.
The takeaway
The move demonstrates how industrial firms resolve capacity bottlenecks by leveraging tax incentives to secure larger regional facilities. Monitor the local labor market shift in Shelby County as the firm begins hiring for the 57 expected new positions.
Further reading
For more on industrial expansion trends, visit the Manufacturing section.
Source note: This article includes information reported by DeSoto County News.
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