Mississippi Officials Help $500 Million Silicon Manufacturing Plant Get Started
The plant, that SiliCorr officials say could eventually hire as many as 950 workers, will utilize a process that melts gravel into pure silicon used in a variety of products.
Lowndes County, in the eastern part of the state, allocated up to $16 million for site, road, railroad as well as utility improvements, and will assist with land purchase for the plant.
As an incentive the company will only pay about a third of the usual property tax rate, under a state economic development program designed to attract projects carrying an investment of more than $100 million.
SiliCorr officials said the plant will be constructed in two phases. The company promises to create 200 jobs within its first three years and another estimated 750 jobs three years later, when the plant is in full operation. If it doesn't meet projected employment figures, taxes could increase to 50 percent of the normal rate.
Georgia-Pacific Consumer Products Group Plans $100 Million Expansion at Bowling Green, Kentucky Plant
Canada-Based Advanced Design Solutions Chooses Lawrenceburg, Tennessee, for Manufacturing Facility
Accela Expands Operations in Draper, Utah
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
Made in America: An Outlook for Manufacturing in the U.S.
Location USA 2018
A Changing Food Manufacturing Industry
2017 Food Processing
Opportunity Zones Can Uplift Communities and Investors Alike