County watching special session, needs jobs
Published: April 26,2013
Tags: Automotive, county, economic development, employee, employer, employment, incentive, job, job creation, layoff, legislation, legislative, manufacture, manufacturer, manufacturing, tire, work, worker
CLAY COUNTY — Lawmakers are meeting in special session today to consider incentives to bring a Japanese tire manufacturer to Clay County.
Yokohama Tire Corp. would make industrial tires for trucks and tractors.
In a House committee meeting today, lawmakers were told the state would borrow $70 million to buy land, build infrastructure and train workers.
The first phase would involve a $300-million company investment and at least 500 jobs. There could eventually be four phases with a company investment of $1.2 billion.
Other contributions would be $12 million from local governments, $1 million from the Appalachian Regional Commission, $900,000 from the Tennessee Valley Authority and $590,000 from Atmos Energy.
Clay County’s unemployment rate in March was 18.2 percent, the highest in the state.
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
- Oxford’s FNC getting new headquarters
- QUIRKY? NO, JERKY — Whatever your craving, Beef Jerky Outlets likely has the flavor among 200+ choices
- Judge intends to rule on McDaniel's challenge before general election
- Officials set hunting dates for birds; expands dove season by 20 days
- (UPDATE) I-20 partially closed as vehicle carrying hazardous materials burns
- Coast family wins $644K in tideland lawsuit against state
- State’s MAGIC accounting system works, albeit with glitches
- Corps official: River needs larger ports, locks and dams
- C Spire, UM installing Wi-Fi network at Vaught-Hemingway Stadium