Thompson Machinery’s Bold Move: Expanding and Relocating in Collierville
Thompson Machinery Co., the esteemed dealer of Caterpillar equipment in our region, is on the brink of a significant shift, considering relocating its regional headquarters from Whitehaven to Collierville. This strategic move not only ensures the business remains within Shelby County but also paves the way for substantial expansion opportunities.
Currently nestled on a sprawling 21-acre site southeast of Interstate 240 and Elvis Presley Boulevard, Thompson serves a wide area encompassing North Mississippi, West, and Middle Tennessee. However, its vision for growth and advancement necessitates a new home. The proposed relocation involves a substantial upgrade, with plans to settle on a sprawling 133-acre tract between U.S. 72 and Tenn. 385, bordered by Sycamore Road to the west.
Investing a hefty $60 million into the development of 53 acres of this expansive site, Thompson aims to construct approximately 200,000 square feet of cutting-edge infrastructure. This visionary plan includes not only the regional headquarters but also state-of-the-art training facilities, equipment refurbishment centers, parts distribution hubs, sales rental outlets, and advanced technical services utilizing drone technology.
Moreover, Thompson is committed to enhancing the surrounding infrastructure, demonstrating its dedication to fostering growth and connectivity within the community. Pending approvals from Collierville authorities, the company plans to undertake significant road network improvements, aligning with the suburb’s major road plan. Additionally, a private bridge across Nonconnah Creek is on the agenda, ensuring seamless access while respecting environmental considerations.
John Duncan, retired economic development director of Collierville, applauds Thompson’s ambitious venture, highlighting its potential to elevate the county’s economic landscape. Duncan’s involvement with the Industrial Development Board underscores the town’s keen interest in fostering such transformative initiatives.
Thompson’s relocation isn’t just about physical infrastructure; it’s about people. The move is expected to not only retain but also create jobs, with 188 existing employees set to transition to Collierville and an additional 70 positions slated to be added, boasting a median salary of $74,240 over the initial three years in the suburb.
Recognizing the significance of this move, Thompson is seeking a 15-year tax incentive, facilitated through a payment-in-lieu-of-taxes arrangement with Collierville and Shelby County. This partnership aims to fuel sustainable growth while ensuring mutual benefits for all stakeholders.
The proposed site, once part of the Cartwright Nursery Co. and nestled within Shelby County’s greenbelt system, has immense potential for revitalization. Currently generating minimal property tax revenue for the suburb and county, Thompson’s investment promises to breathe new life into this dormant landscape.
Representative Kevin Vaughan, spearheading Township Development Services, expresses unwavering enthusiasm for Thompson’s relocation and the potential development of the site. Vaughan underscores the accessibility advantages of the proposed location, emphasizing the convenience of I-269, 385, and Highway 72 corridors in east Collierville for both Thompson and its clientele.
In essence, Thompson Machinery’s visionary move signifies more than just a change of address; it’s a testament to its commitment to innovation, growth, and community partnership. As Collierville eagerly anticipates this transformative endeavor, the stage is set for a new era of prosperity and collaboration.