Reimbursements coming for failed Mississippi Silicor project
Published: January 7,2014
Tags: 4-County Electric Power Assdociation, economic development, Lowndes County, Lowndes County Industrial Development Authority, manufacture, manufacturer, Mississippi Silicor, reimbursement, vmanufacturing
COLUMBUS — Mississippi Silicor’s proposed project in Lowndes County failed about a year ago.
Now, Lowndes County, 4-County Electric Power Association and Lowndes County Industrial Development Authority will share in $238,000 in reimbursements for what they spent trying to lure the company to the area in 2012.
The Commercial Dispatch reports that the county will receive $69,000, the Industrial Development Authority about $86,000 and 4-County about $82,500.
Silicor missed a Dec. 31, 2012 deadline to put $150,000 in an escrow account for the plant in Lowndes County.
The Silicor plant was initially forecast to employ 200. An additional phase of the project — a silicon metal purifying operation — was expected to provide 750 jobs.
State and local officials offered an incentive package of more than $90 million.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Molpus closes Fund after more than $662M in commitments
- MSU reminding fans that drones are prohibited at football games
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Realtors chooses Nita Wingard
- Politics of paying for transportation: Hand wringing and a lot of talk
- No debate, but Cochran and Childers lobby for votes for Senate
- Entergy agrees to cut $35M from its new rate plan
- Ford Foundation gives to UM for new science building
- Kemper County plant will cost at least another $496M to complete