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
Top Posts & Pages
- Drew Brees settles lawsuit alleging investment fraud
- Doctor convicted of using phony church for tax shelter
- Ex-Delta mayor indicted, accused of stealing city property
- Cochran's legal counsel asks Court to toss McDaniel's lawsuit
- Williams-Sonoma expanding, adding nearly 1,000 jobs
- Biloxi baseball project still alive but may be held for 2015
- Travis retiring as head of Mississippi World Trade Center
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- More than half-dozen groups file charter school applications