OLIVE BRANCH — A contract chemical maker will open a factory in Olive Branch, with plans to hire 150 people over three years.
BPI Packaging of Memphis, Tennessee, will invest $8 million, buying a 291,000 square-foot building formerly occupied by Sherwin Williams.
President Bobby Dunn says the facility allows privately-held BPI to expand its product line.
The Mississippi Development Authority will give the company $1.8 million in federal community development money to build a rail spur, with the city of Olive Branch providing in-kind assistance worth 10 percent of the state’s contribution. Local officials will also give partial property tax breaks for 10 years.
MDA spokeswoman Tammy Craft said Tuesday the company expects to open by June. She says wage levels will be above the state average.
BPI will maintain existing Memphis operations.
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