Mississippi County Preparing a 23 Million Dollar Package to Get Kia Plant
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In the battle to get the billion dollar Kia Automotive Plant that is planned to be built in the Southeast United States, Lowndes County in Mississippi is preparing to offer KIA a 23 million dollar incentive package. West Point, Georgia is the leading candidate for having the KIA plant built, but it is obvious that such a large investment of jobs and infrastructure is attracting a good deal of competition.
Lowndes County, Mississippi, supervisors say they will discuss a proposal to pledge 23 million dollars to an effort to entice an automaker to its region.The proposal is on the board of supervisors agenda today.Last spring, supervisors agreed to issue up to 22 million dollars in general obligation bonds to buy the first megasite for SeverCorr and to help Baldor Electric and Aurora Flight Sciences with construction needs.The SeverCorr mill will produce high-grade steel for the automotive industry.But only 12 of the 22 million dollars was used.
The supervisors will consider adding 13 million to the remaining ten (m) million for a total of 23 million dollars.The money would be repaid through the eventual lease of the property. It would buy the one-thousand-958-acre Crossroads site west of Golden Triangle Regional Airport and make initial site preparations and infrastructure improvements.via the AP Wire
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