08-02-2019 13:41 via feeds.bizjournals.com

Electrolux re-examined: 'Our incentive package would look very different'

State and local economic development officials say the nearly $200 million deal that brought Electrolux to Memphis wouldn’t get done today — at least not the same way.
In Feb. 1 interview, Tennessee Economic and Community Development (TNECD) commissioner Bob Rolfe said the2010 Electrolux deal would not have included the $97 million in guaranteed, unprotected state incentives if done in the present climate.The company also received $40 million in Memphis and Shelby County bonds and a
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