COLUMBUS — Lowndes County officials say they have been told by Silicor that its metal production and purification facility will not meet its Dec. 31 start date.
Lowndes County Administrator Ralph Billingsley tells the Commercial Dispatch that the announcement came during a meeting this week.
In August, Lowndes County supervisors extended a Sept. 2 starting deadline to Dec. 31. If the start deadline had not been extended, the company could have forfeited $94.25 million in state and local incentives.
State lawmakers in 2011 approved a $75.25 million incentive package for the company, including a $59.5 million equipment and construction loan, $11.25 million for infrastructure and $4.5 million for local work force training. Lowndes County gave an additional $19 million in financial incentives.
Billingsley said Link CEO Joe Max Higgins will meet with the board of supervisors “to let us know where we go from here, if we give them another extension or not.”
“I’m hopeful they can get this worked out,” Supervisor Jeff Smith said. “We definitely want to see this come together to bring more jobs to our community. So, I’m remaining optimistic.”
Silicor officials have blamed a lack of funding for their delays, claiming they have not been able to receive a commitment from their European banking partners.
In its original announcement, the company planned to create 921 jobs on a 250-acre site at the industrial park.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info