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
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- UMMC reaching out after death of high school football player
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- Report: Mississippi has worst child poverty rate in U.S.
- Fitch gives Mississippi Power a negative outlook due to Kemper plant
- UPDATED: Jackson agrees to repay HUD $1.5 million for Farish Street blunders
- Nehi Bottling Company has been a Cleveland fixture for 85 years