Point Eight Power Plans Hancock County, Mississippi, Manufacturing Complex
07/24/2023
“We are extremely excited to be opening a new manufacturing plant in the Port Bienville Industrial Park. Our decision to establish a manufacturing plant in Mississippi was driven by numerous factors. First and foremost, we were drawn to the state’s business-friendly policies, which foster an environment conducive to growth and success,” Thomas Naddy, President, Point Eight Power, Inc. said.
As an incentive, Mississippi Development Authority (MDA) is providing assistance for building improvements. MDA also is providing assistance through the Mississippi Flexible Tax Incentive, or MFLEX. Hancock County is assisting with the project, as well.
“Point Eight Power is not only investing in its own success but also in the economic development of our state. The 78 jobs being created by the company will return dividends throughout the Gulf Coast Region for generations to come, as these new employees will spend in their communities and generate an even stronger tax base for Hancock County. MDA is glad to support this project, and we look forward to the company’s success in our state,” MDA Deputy Executive Director Laura Hipp noted.
Point Eight Power specializes in manufacturing generator controls, switchgear and power control building packages. The company has provided custom-designed electrical control and distribution systems to various sectors, including chemical, critical power, marine, and oil and gas.
“Hancock County Port and Harbor Commission is committed to the redevelopment of Port Bienville and Hancock County. Our Commission acquired this property in 2021 that has been vacant for nearly 10 years and invested $750,000 dollars to rehab the production facility and attract new industry and jobs to Hancock County. We are proud to add Point Eight Power as a tenant to Port Bienville Industrial Park,” Blaine LaFontaine, CEO HCPHC added.
Project Announcements
Retech Systems Expands Tonawanda, New York, Operations
09/28/2023
Viega Establishes Shalersville, Ohio, Production Operations
09/27/2023
Japan-Based Dassai Establishes Hyde Park, New York, Operations
09/26/2023
Martin Brower Plans Oshawa, Ontario, Canada, Distribution Hub
09/26/2023
Latitude Plans Clarendon County, South Carolina, Operations
09/25/2023
DePre Plans Powell, Tennessee, Production Operations
09/25/2023
Most Read
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
Why the Southeast Is Winning EV Projects, With More on the Way
Q3 2023
-
EV Impacts to Watch in 2023 and 2024
2023 Auto/Aero Site Guide
-
Power-Intensive Site Selection
Q3 2023
-
EV and Semiconductor Projects Stand Out in States Receiving Area Development’s 18th Annual Shovel Awards
Q2 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023