SOUTHAVEN — Southaven has approved 10-year tax exemptions for two companies that will bring jobs to the city.
The Commercial Appeal reports EXCEL and Creedence Holdings, doing business in the city as West Coast Novelty, received unanimous approval from the seven-member Board of Aldermen.
Mayor Greg Davis said EXCEL would bring 127 jobs to the city and an estimated annual payroll of $1.4 million. West Coast Novelty will bring 15 jobs and an estimated annual payroll of $400,000.
The DeSoto County Board of Supervisors also approved the tax incentives for the two industries at its Tuesday meeting.
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