Supervisors move to buy warehouse for Genesis Energy project
Published: June 13,2013
Tags: acquire, acquisition, board of supervisors, county government, economic development, employee, employer, energy, expand, expansion, job, job creation, manufacture, manufacturer, manufacturing, purchase, supervisor, warehouse, wealth creation, work, worker
NATCHEZ — A chance to help a local industry speed up a $30-million investment has prompted the Adams County Board of Supervisors to simplify what had become a complex process to purchase large warehouse near the Natchez-Adams County Port.
The county had originally planned to help purchase the building through a complicated agreement that would have a third-party holding the property’s deed. Instead supervisors decided yesterday to purchase the property outright.
Natchez Inc. executive director Chandler Russ tells The Natchez Democrat the change in financial arrangements was prompted by an immediate need by Genesis Energy to complete a $30 million expansion of its operations at the port.
Genesis plans to double the size of its railcar capacity at its terminal in the port and add approximately 20 new jobs.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- 2014 a good year for filmmaking in Mississippi
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- PHIL HARDWICK: When Bill Cooley talks, people listen
- Ex-prison boss and businessman admit to bribery scheme
- MBJ Business Woman of the Year Top 10
- Kemper plant employee gag order continued
- ASA postmortem: industrial recruiting is a constant cycle of death and life