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Penn A Kem, LLC

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North Memphis chemical manufacturing company, Penn A Kem is planning to add 28 new jobs and invest $38,545,000 at its 3324 Chelsea Avenue location with help from EDGE. The 28 employees will make $73,740 annually, not including benefits.

This project will be a boon for the Douglas community, a severely distressed New Market Tax Credit eligible Census Tract with a poverty rate of 42.9% and an unemployment rate of 11.6%. Penn A Kem is active in the Douglas community through charitable activities with Douglas High and Elementary Schools, the Douglas Community Center and community celebrations.

The project will generate $5,102,174 in local tax revenues and the company has committed to spending more than $695,000 with MWBEs.

Penn A Kem provides full service-manufacturing, pilot facilities, R&D, and worldwide sales and marketing, all focusing on renewable chemistry while developing new and innovative products and processes for customers.

Projected New Jobs:
28
Projected Average Payroll:
$73,740
Total Capital Investment:
$38,545,000
Projected Tax Revenue:
$5,102,174
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