Local officials plan to offer International Paper a package of incentives to keep the company's corporate headquarters and more than 2,000 jobs in Memphis. Three high-ranking city officials said they have been told by Mayor A C Wharton that Memphis is in a dogfight with Mississippi to keep the Fortune 500 corporation based here.The company, they said, is seeking a 30-year property tax break on a new building it would construct in Memphis.
In addition to retaining the company's current workforce, the project would bring another 100 high-paying jobs to the city, the officials said. The company recently acquired a competitor, Austin, Texas-based Temple-Inland.
