Tennessee’s Electrolux Disaster ‘The Worst Such Deal’ in State History, Financial Expert Says

The decision to give away more than $100 million in corporate welfare to lure Electrolux to set up shop in Memphis was so bad it was “the worst such deal in Tennessee history,” according to Bloomberg.com. In an article released this week, the national financial news website held nothing back…

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Electrolux of Memphis, which Took More Than $100 Million in Corporate Welfare, Calls it Quits

Electrolux officials announced Thursday they are shutting down their Memphis plant sometime next year, even though they took more than $100 million in corporate welfare from the city, county, and state governments eight years ago. The Memphis Electrolux plant employs about 530 people, all of whom will likely lose their…

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