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.
Top Posts & Pages
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Molpus closes Fund after more than $662M in commitments
- Kemper County plant will cost at least another $496M to complete
- Cochran calls on EPA for review of Yazoo Backwater Project
- State Sen. Gandy hospitalized in South America
- Camgian launches Internet of Things product called Egburt
- Number of requests for general election absentee ballots roughly same as primary
- Former Mississippi First Lady Carroll Waller dies at 87
- After string of losses, O'Hara sees himself as Senate 'protest vote'