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Harrison Co. gives tax breaks to bit manufacturer, shipyard

On the day Harrison County supervisors OK’d tax breaks for a $450 million project at the state port, it also approved breaks for smaller projects.

Metadyne Gulfport will be exempt from personal-property taxes, about $14,000 a year, for five years.

Metadyne makes carbide bits for the mining, construction and other industries.

Supervisor Marlin Ladner said Tuesday the company also received a $55,000 grant from the state, something he said he wished the county could take into consideration.

Harrison County Development Commission Executive Director Bill Hessell tells The Sun Herald (http://bit.ly/1OoG7iG) Gulf Coast Shipyard Group will be exempt from 85 percent of its personal-property taxes. Hessell said the Shipyard Group didn’t get a 100 percent exemption because it laid off people due to the downturn in the oil industry.

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