New venture to create 75 new jobs in Shelby County
NASHVILLE â€“ Tennessee Department of Economic and Community Development Commissioner Randy Boyd announced today that Cargill, Calysta, Inc. and third party investors plan to build a new manufacturing facility in Memphis. The venture will create 75 jobs in Shelby County.
â€œSince 2010, Tennesseeâ€™s manufacturing sector has gained 45,402 jobs, which is the fifth biggest gain among all U.S. states, and I thank Calysta, Cargill and the other investors of this newly created venture for adding jobs to this substantial sector,â€ Boyd said. â€œOn behalf of Team Tennessee, I appreciate this venture for recognizing the advantages of doing business in Tennessee and for initially creating 75 new jobs at its new Memphis operations.â€
The new venture plans to build and operate the worldâ€™s largest gas fermentation facility on Cargillâ€™s 69-acre property on Presidentâ€™s Island. The new facility will produce Calystaâ€™s FeedKindÂ® protein, a family of sustainable, traceable nutritional ingredients for fish, livestock and pets. The facility is expected to be completed by the end 2018.
â€œCargill has been a part of the Memphis community for 40 years. With the strong support of the state of Tennessee, Shelby County and city of Memphis, we are pleased that the venture chose to locate the facility in Memphis,â€ Cargillâ€™s Global Vice President of Bioindustrial Brian Silvey said.
â€œCalysta is very pleased to be joining in this new venture with Cargill in Memphis to open the first U.S. manufacturing plant for FeedKindÂ® protein,â€ said Calysta President and CEO Alan Shaw, Ph.D. â€œWe look forward to partnering with the city of Memphis and the state of Tennessee to bring the next generation of sustainable aquaculture products to market.â€
Local leaders and partners expressed gratitude to the new venture for choosing to locate the new manufacturing operation in Memphis.
â€œThis is welcomed news for Shelby County Economic development continues to be one of our top priorities.Â We are pleased more jobs are coming to our community,â€ Shelby County Mayor Mark H. Luttrell, Jr. said.Â
â€œWeâ€™re thrilled to have played an active role in helping this venture, created by Calysta, Cargill and the other investors, decide that Memphis is the best place for it to grow. We know that it will,â€ Memphis Mayor Jim Strickland said. â€œIt goes to show you that weâ€™re continuing to build momentum in our city as we see more good jobs in Memphis.â€Â
â€œThe Greater Memphis Chamber is very excited that this new venture made the decision to build this state-of-the-art facility in Memphis,â€ Senior Vice President of Economic Development for the Greater Memphis Chamber Mark Herbison said. â€œThe Chamber has been working with our One Stop Shop partners, Tennessee ECD, MLGW, TVA, WIN and EDGE, for many months to ensure these new jobs and investment would come to our great city. Not only are we reviving one of our most important industrial sites on Presidentâ€™s Island, we are also bringing a very large utility customer to the city which helps ensure that all of our resident in Memphis/Shelby County enjoy some of the lowest cost electricity, gas and water in the nation.â€
The new venture will begin hiring at its Memphis facility in mid-2017.
Memphis and Shelby County are represented Sen. Mark Norris (R â€“ Collierville)
Sen. Brian Kelsey (R â€“ Germantown), Sen. Reginald Tate (D â€“ Memphis), Sen. Lee Harris (D â€“ Memphis), Sen. Sara Kyle (D â€“ Memphis), Rep. Jim Coley (R â€“ Bartlett), Rep. Ron Lollar (R â€“ Bartlett), Rep. Mark Lovell (R â€“ Eads), Rep. Mark White (R â€“ Memphis), Rep. Raumesh Akbari (D â€“ Memphis), Rep. Karen Camper (D â€“ Memphis), Rep. Barbara Cooper (D â€“ Memphis), Rep. John DeBerry (D â€“ Memphis), Rep. G.A. Hardaway (D â€“ Memphis), Rep. Larry Miller (D â€“ Memphis), Rep. Antonio Parkinson (D â€“ Memphis), Rep. Joe Towns (D â€“ Memphis), Rep. Johnnie Turner (D â€“ Memphis) and Rep. Dwayne Thompson (D â€“ Cordova) in the Tennessee General Assembly.
Calysta, Menlo Park, CA, is an innovator in sustainable products to improve worldwide food security. Calysta Nutrition develops and commercializes FeedKindÂ® protein, a sustainable, traceable alternative feed ingredient for fish, livestock and pet nutritional products.Â
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. We have 150,000 employees inÂ 70 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work.Â
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Developmentâ€™s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Team Tennessee, the department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. Tennessee is the only three-time winner of â€œState of the Yearâ€ for economic development by Business Facilities magazine. Find us on the web: tnecd.com. Follow us on Twitter: @TNECD. Like us on Facebook: facebook.com/TNECD.