Officials learn facility will not meet start-up deadline
Published: November 19,2012
COLUMBUS — Lowndes County officials say they have been told by Silicor that a metal production and purification facility will not meet its Dec. 31 start date.
Lowndes County Administrator Ralph Billingsley tells the Commercial Dispatch the announcement came during a meeting last week.
In August, Lowndes County supervisors extended a Sept. 2 starting deadline to Dec. 31. If the start deadline had not been extended, the company could have forfeited $94.25 million in state and local incentives.
State lawmakers in 2011 approved a $75.25 million incentive package for the company, including a $59.5 million equipment and construction loan, $11.25 million for infrastructure and $4.5 million for local work force training. Lowndes County gave an additional $19 million in financial incentives.
The company planned to create 921 jobs.
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
- Retired judge to hear McDaniel's challenge of primary loss to Cochran
- PSC's Brandon Presley calls in-state nuclear waste dump a 'harebrained scheme'
- State's jobless rate remains highest in U.S.
- Former DMR manager pleads guilty to embezzlement
- Officials set hunting dates for birds; expands dove season by 20 days
- GOLF ranks state's courses; Fallen Oaks, Dancing Rabbit make top 100
- Court ruling on Section 42 leaves taxpayers on hook for tax repayments
- Wisconsin man pleads guilty to illegal wildlife trapping
- Jackson air fares among most expensive in the nation