Legislature Approves $1.2 Billion Mississippi Plant
JACKSON, Miss. — A $1.2 billion manufacturing company plans to anchor in Clay County. Friday the project got approval from state legislators during a special session. The Daily Times Leader in West Point has confirmed the company is Yokohama Tire Corp., a tire manufacture from Japan. Governor Bryant plans to sign the bill on Monday April 29.
Legislators passed $130 million in incentives for the project. Representative Steve Holand tried to amend the bill to provide Cooper Tire in Tupelo, but it failed.
Clay County beat out 3,000 other counties across the Southeast for this project. Initial work on the project is expected to create 500 jobs, and after it is fully developed it could create as many as 2,000 jobs. Clay County’s unemployment rate in March was 18.2, the highest in the state.