Nissan to release expansion plans Tuesday
Nissan will unveil expansion plans at its Canton manufacturing facility Tuesday morning.
The company has spent most of 2013 celebrating 10 years of production in Mississippi. A company press release did not offer details of what sort of expansion Canton will undergo.
Last legislative session, lawmakers approved and Gov. Phil Bryant signed $100 million worth of bonds for the facility. The Madison County Economic Development Authority will issue the bonds; debt service will be paid by lease revenue Nissan will generate from suppliers in two new buildings planned for the complex.
Expansion plans will be detailed Tuesday at 10 a.m. during a ceremony at the Nissan complex off I-55.