State offers incentive for proposed plant - MSNewsNow.com - Jackson, MS
COLUMBUS, Miss. (AP) - The state of Mississippi is offering $60 million in incentives and Lowndes County is kicking another $16 million for infrastructure improvements to support an operation that will melt gravel into silicon for everything from cosmetics to cellphones and computer screens.
In return, the company, called SiliCorr, would invest $500 million in the plant and hire 950 workers.
County officials tell WCBI-TV (http://bit.ly/ybqNAI ) that in case the company doesn't make it, the deal protects taxpayers.
The company is headed by John Correnti, who is no stranger to Northeast Mississippi. He was the driving force behind what is now Severstal Steel and the 600 jobs it brought to Lowndes County. He also promised a steel rebar mill that hasn't materialized in Amory.
Information from: WCBI-TV, http://www.wcbi.com
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