ATK abandons expansion, repays state funds
IUKA — The Mississippi Development Authority says a Minneapolis-based company has canceled plans to add 600 jobs in Tishomingo County, and has repaid $30 million in state incentive payments.
The Northeast Mississippi Daily Journal reported Saturday that Alliant Techsystems Inc. cited the economic downturn and a need to consolidate work on Airbus airplanes.
ATK announced in February 2009 that it would build composite parts for the planaes at its plant in Yellow Creek, near Iuka.
A news release from the development authority says company officials don’t expect the decision to affect the plant’s 160 current workers.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Source: Bryant has offered Glenn McCullough MDA job
- College Board names Glenn Boyce as higher education chief
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- Deepwater Horizon Five Years Later — Restoring the Mississippi coast starts with a strong foundation
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- Chancery Court’s interpretation of ‘public use’ will guide ruling on Westin money
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- THE SPIN CYCLE — Key results from Pew’s social media survey