Home » NEWS » Technology » Tech company opens plant in Indianola, creating 20 jobs

Tech company opens plant in Indianola, creating 20 jobs


Parmida LED Technologies announced Tuesday that it is locating it latest North American distribution and e-commerce operations center in Indianola, creating 20 jobs. The project represents a $1 million corporate investment. Parmida’s operations will serve the East Coast and central United States markets.

Parmida LED Technologies Vice President Peyman Mahrou in a release called the Delta “a land steeped in history and rich in passionate, intelligent and dependable people, many of whom I now consider great friends.”

He credited Delta Strong, the city of Indianola, Sunflower County, the Mississippi Development Authority and Gov. Phil Bryant for showing “a great commitment to supporting businesses that choose Mississippi. We will repay them for their efforts by focusing on growth and building opportunities in the Delta.”

The MDA is providing $400,000 in a Community Development Block Grant for renovations and infrastructure, as well as a $1.5 million loan to Sunflower County for purchase of an existing building.

Local property tax exemptions on equipment and finished goods have a total estimated value of $548,061 over 10 years.

Sunflower qualified as a GAP county. To be designated as a GAP county, a county must have an unemployment rate that is 200 percent of the state’s annual unemployment rate or must have 30 percent or more of its population below the federal poverty rate.

GAP program’s estimated value is $500,000 over 10 years, and sales tax savings estimated value over 10 years is $5,600.

In other words, the company could receive tax exemptions with an estimated value of $1,053,661 over 10 years.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Staff