VT Halter pursuing $20M MDA grant for expansion
Published: November 15,2011
PASCAGOULA — VT Halter Marine is inching closer to its goal of diversification, as it intends to pursue a $20-million grant from the Mississippi Development Authority.
Bill Skinner, VT’s CEO, tells The Mississippi Press he intends to add $12 million in company funds to “get the seed money” ready for a major expansion.
The money would come from the Katrina Supplemental Community Development Block Grant program, a program that requires the county to apply for the funds on behalf of the shipyard.
In exchange for the grant money, the company would promise to create 400 new full-time jobs within three years of project completion. Under the agreement, 51 percent of those jobs would be filled by individuals in low- to moderate-income families.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- TECH 21 — Mississippi's most wanted in technology
- Mississippi judge dismisses lawsuit seeking to overturn Sen. Cochran's GOP primary win
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- Judge expected to rule today on McDaniel's challenge of loss to Cochran
- Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'
- Circuit clerks question how to get records to McDaniel's trial
- Chefs John Folse and Rick Tramonto are dotting every ‘i’ and crossing every ‘t’ in the development of Seafood R’evolution, which is set to open in November