Business and Economy NewsTracker

Electrolux Wins Backing For Tax Breaks, Honored By Industry Mag

It was a good day for Electrolux, winning approval in the Senate Finance Committee of the $90 million state package for its planned Memphis factory and landing on a real estate insiders’ magazine’s list of notable deals.

The kitchen appliance maker’s manufacturing plant was named one of the top economic-development deals in the country in 2010 by Site Selection magazine, several outlets reported today. Internet retailer Amazon’s planned distribution centers in East Tennessee garnered an honorable mention.

The $190 million Electrolux plant will reportedly create 1,200 jobs.