Silicon Metal’s plans lift Tishomingo’s economic development despair of decades past

by

Published: January 2,2014

Tags: Business, Mississippi, Tishomingo County

After huge back-to-back economic development failures three decades ago, Tishomingo County was described by the New York Times as “all dressed-up with nowhere to go.”
The Northeast Mississippi county, which borders both Tennessee and Alabama, now has a cause for cheer:  The Tishomingo County town of Burnsville has been selected by Mississippi Silicon  for a $200 million silicon metal production facility that will create 200 jobs.economic development_web
Mississippi Silicon is a strategic partnership between Rima Holdings USA Inc. and domestic investor group Clean Tech I LLC.
The new plant will produce silicon metal for a  range of industries in the United States including the aluminum, automotive and chemical industries, according to Mississippi Silicon. The company says its high-tech plant is expected to be among the most efficient and cost competitive silicon metal production facilities in the world.
Rima Industrial CEO & President Ricardo Vicintin
said the plant will support a global network of silicon metal customers, especially U.S.-based customers. “Rima considered many locations around the world for the new facility, and we greatly appreciate the support and enthusiasm shown by the citizens and government leaders in Mississippi,” Vicintin said in a press statement.
John Corrent, Silicon Mississippi board chairman, said he expects the operation to become “an engine of economic growth in northeast Mississippi.”
The renouncement marks a huge turn of fortune for  Tishomingo County after two extreme episodes of economic heartbreak beginning in the 1980s.
In the early 1980s, the Tennessee Valley Authority started building the Yellow Creek nuclear plant in Iuka, a Tishomingo County community of slightly more than 3,000 people.  But by 1985, after spending $1.2 billion, the TVA halted work, saying it had overestimated the region’s need for electricity, the New York Times said in a 1993 report.
Unemployment soared to as high as 30 percent in the area where Mississippi, Alabama and Tennessee meet.
The Times story noted that residents still remember the hand-lettered sign outside of Handy Sandy’s service station at the time. “Will the last person out of Iuka please turn out the lights,” it read. “Infrastructure in Place.”
Then in the late ’80s, the National Aeronautics and Space Administration  raised the town’s hopes  again with an announcement that Iuka’s Yellow
Creek had been selected as a site to build its new generation of solid rocket motors.
Impressed by the mothballed T.V.A.-built infrastructure of new sewage treatment, water and power lines, and rail and barge routes, NASA decided to spend $1.5 billion to establish its production program in Iuka, according to the Times report.
But after new questions arose about the need for the new motors, Congress killed the financing for the site, which was 80 percent complete.
The Times report compared the effects in Iuka of the cancellation to the cancellation of the $11 billion Superconducting Supercollider, which was to be built in Waxahachie, Texas.
The Times story said many in Iuka held out hope for the project’s survival, believing their effort to make a new solid rocket motor was more concrete and down to earth when compared with the supercollider and its pure research quest for bosons, quarks and forces that are the holy grail of high-energy physics.
About 1,000 construction workers in Iuka were let go as the site closed down over the next year, and 1,000 other employees, including rocket scientists, engineers and support personnel, were laid off as well.
Mack Wadkins,  who was head of the Tishomingo County Economic Development Foundation at the time, suggested to the Times the Yellow Creek site could be marketed as a tourist attraction called “the world’s largest outdoor museum to Government waste”.

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

One Response to “Silicon Metal’s plans lift Tishomingo’s economic development despair of decades past”

  1. Ed Morris Says:

    Even though I’m not from Mississippi, I’m thrilled to hear the great news, of Burnsville getting a plant, that will create 200 jobs for the area… I live in Austin, Texas, and, when the opportunity presents itself, I’ll come to Burnsville, if nothing else, to eat at “Sister’s Restaurant.” This new plant should increase business there, as well. Again, congratulations, Burnsville, and the surrounding area… You deserve it!

POST A COMMENT

 

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

FOLLOW THE MBJ ON TWITTER

Top Posts & Pages

%d bloggers like this: