Home » NEWS » Manufacturing » Reimbursements coming for failed Mississippi Silicor project

Reimbursements coming for failed Mississippi Silicor project

1387955_Silicor_logo_lgCOLUMBUS — Mississippi Silicor’s proposed project in Lowndes County failed about a year ago.

Now, Lowndes County, 4-County Electric Power Association and Lowndes County Industrial Development Authority will share in $238,000 in reimbursements for what they spent trying to lure the company to the area in 2012.

The Commercial Dispatch reports that the county will receive $69,000, the Industrial Development Authority about $86,000 and 4-County about $82,500.

Silicor missed a Dec. 31, 2012 deadline to put $150,000 in an escrow account for the plant in Lowndes County.

The Silicor plant was initially forecast to employ 200. An additional phase of the project — a silicon metal purifying operation — was expected to provide 750 jobs.

State and local officials offered an incentive package of more than $90 million.

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

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*