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.
Top Posts & Pages
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- Bids on reworking Interstate 55 stretch are rejected
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Two new casinos like the odds on Mississippi Gulf Coast
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- The leadership styles of President Obama
- JACK WEATHERLY: Finding a house, defending a neighborhood, finding a voice
- Report ranks state schools' performance 51st in the nation
- Nehi Bottling Company has been a Cleveland fixture for 85 years