Bryce Corp. is seeking a tax incentive to help it retain 318 employees in Memphis and add 95 new workers.
The company next week will go before the city-county EDGE board (on April 17) to apply for a 10-year tax freeze to help the package material printer invest $21 million across its three Memphis facilities. The project will create almost $18 million in new revenue for the city and county, and Bryce plans to also invest in new equipment at its three facilities – 5405 Hickory Hill, 4505 Old Lamar and 3825 Delp Street.
The average salary for the new employees will be $49,951.
Memphis-based Bryce was founded in 1969 and manufacturers packaging for some of the world’s largest retail brands.