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Tag Archives: capital investment

Company expanding shipbuilding, repair operations

PASCAGOULA — Signet Maritime Corporate has announced plans for a $3.6-million expansion of its shipbuilding and repair operations at the Port of Pascagoula, creating 50 additional jobs. The company said the 50 spots have already been filled, and those new employees will assist the construction of a new tractor tugboat, Signet Magic, which is a 140-by-40-foot heavy deck barge. The ...

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Duff brothers buy T.L. Wallace; make 'significant equity infusion'

COLUMBIA — Entrepreneurs Jim and Tom Duff have acquired T. L. Wallace Construction Inc. for an undisclosed amount. The Duff brothers own several other businesses including Southern Tire Mart, LLC, KLLM Transport Services, LLC, Forest Products Transports, LLC, Pine Belt Ford, LLC, as well as others with combined revenues exceeding $1.3 billion. As part of the acquisition of T. L. ...

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Saf-T-Cart expanding operations for second time in five years

CLARKSDALE — Saf-T-Cart, manufacturer of steel welding carts and storage products for various commercial and industrial applications, is expanding its operations in Clarksdale in order to accommodate an increase in production, according to the Mississippi Development Authority (MDA). The project represents a company investment of $240,000 and will create 20 new jobs. The company currently employs 55 workers. “Saf-T-Cart is ...

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SemiSouth making $18M investment in new equipment; could double employment

STARKVILLE — SemiSouth Laboratories plans to spend $18 million to buy new equipment for its Starkville facility, a move that could double employment there over the next 18 months. Privately-held SemiSouth makes silicon carbide semiconductors for solar panels, wind turbines, electric cars and other devices that need to transmit power without leaking any electricity along the way. Right now it ...

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Milwaukee Electric Tool building new distribution facility

OLIVE BRANCH — Milwaukee Electric Tool, manufacturer of portable electric power tools and accessories, is expanding its presence in north Mississippi by constructing a new, larger distribution center in Olive Branch. The project represents a company investment of $8 million and will create 25 new jobs, according to the Mississippi Development Authority (MDA). “The new 600,000-square-foot distribution facility gives us ...

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Resinall gets New Market investment for expansion

HATTIESBURG — Resinall Mississippi (Resinall) has completed a New Market Tax Credit (NMTC)-based investment. The New Markets Tax Credit program is run by the CDFI Fund under the Department of Treasury. MuniStrategies and SECDE Ventures were the two Mississippi-based New Markets allocatees that provided federal and state tax credit incentives to help finance this project. New Markets enabled an $18-million ...

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Ershigs cuts ribbon on fifth Tri-State building

IUKA — Ershigs Inc. recently held a ribbon-cutting ceremony for its newest facility. The fifth of Ershigs’ buildings in the Tri-State Commerce Park, the new facility offers 65-foot ceiling, and is designed to manufacture very large fiberglass and composite structures. Ershigs invested approximately $1.26 million, and Tishomingo County provided $313,799 for the new facility, which will create 52 new jobs. ...

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