Geartek Expands Corinth, Mississippi, Production Operations
05/03/2024
The company will expand its existing manufacturing facility by approximately 8,500 square feet to accommodate new equipment for added production capacity.
“For over 40 years, Geartek has been a proud Mississippi manufacturer. Our success is driven by our founders’ vision and our employees’ hard work. With the strong support of MDA, Alcorn County, the city of Corinth and The Alliance, we are excited to be able to expand our business and further grow in our community. We look forward to a bright future for our business and continued investment into our community for many years to come,” said Geartek President Derrick Dunn.
As an incentive the Mississippi Development Authority (MDA) is providing assistance through the Mississippi Flexible Tax Incentive, or MFLEX, program. Additional support is being provided by Alcorn County and the city of Corinth.
“MDA is proud to support this established business with strong ties to the Corinth community.. Not only does Geartek’s expansion highlight Mississippi’s remarkable reputation as a manufacturing center for quality products that benefit multiple industries, it also serves as a reminder that we are very much open for business and committed to maintaining a favorable business climate,” Mississippi Development Authority Executive Director Bill Cork noted.
A division of Hydraulic Analysis, Inc., Geartek’s products are used in a variety of industries, including forestry, energy, site clearing and mining.
“The Alliance congratulates Geartek on this exciting expansion project. We are thankful that the Alcorn County Board of Supervisors, Mayor Dance and Board of Aldermen, the state of Mississippi and the Mississippi Development Authority all proudly support the growth of business and industry. This project sets Geartek up for success today and growth in the future right here in Corinth and Alcorn County,” GT McCullough, President, The Alliance added.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024