Special session today for economic growth

By NEMS Daily Journal

JACKSON – A tire plant planned for Clay County could eventually provide 2,000 jobs, according to legislators who were briefed on the project Thursday night.
In a closed-door hearing, Mississippi Development Authority Executive Director Brent Christensen told lawmakers Thursday night they will be asked to approve a $70 million bond package during today’s special session to create about 500 jobs. If certain incentives are met, the tire plant will be eligible for an additional $60 million in bonds in three installments where a total of 1,500 more jobs would be added.
The name of the tire plant was not released, though, various reports have indicated that it is a Japanese company. A time-frame also was not provided on when the plant would open.
The incentive package also includes various other tax breaks, such as on property taxes.

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