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.

About Megan Wright

Leave a Reply

Your email address will not be published.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