Two weeks after backing out of a $600 million that promised 971 jobs for Lowndes County, state officials are staying silent regarding the latest developments with California-based Silicor and its plans to continue to locate in Mississippi.
In a “thanks but no thanks” statement released by Silicor Materials on Monday, CEO Terry Jester said the company plans to build a silicon metals production plant and silicon purification plant elsewhere in the state.
On the surface, Lowndes County, Amory, Ontario, Ohio, and Stanly County, N.C., don’t seem to have much in common.
That they all have a desire for economic development and job creation certainly doesn’t make them unique. What they do have in common, however, are their frustrating experiences with venture capitalist John Correnti.
After more than two years of wheeling and dealing, an economic development deal once known as “Project Apollo” came to a whimpering halt Monday, bringing the promise of 971 new jobs to the area down with it. But officials connected to the project say it started to burn out almost from the start.
Silicor Materials has missed a Dec. 31 deadline to put up $150,000 in earnest money, jeopardizing the two-phase, $600-million project, according to a source close to the project.
As the eleventh hour approaches, Lowndes County officials are still in the dark when it comes to Mississippi Silicon (Silicor Materials) and the company’s intentions to build a facility in the area.
With a Dec. 31 deadline drawing near, talks between the Lowndes County Board of Supervisors and a silicon company have stalled.
Mississippi Silicon was given until 12 a.m. New Year’s Eve to place $150,000 in escrow or lose a prime industrial site in Lowndes County, along with millions of dollars in incentive money.
Oktibbeha County Board of Supervisors president Orlando Trainer said the supervisor will hold a joint session with the Starkville Board of Aldermen on Wednesday to address a proposed contract with a new economic development group.
The Golden Triangle Regional Development Authority is still in its early stages, but the proposed tri-county coalition may already be behind schedule, even if just by a day or two.
By the time the presidential election is over, the Golden Triangle will be immersed in a new campaign as Columbus-Lowndes Development Link CEO Joe Higgins hits the trail, touting his message of regional cooperation as a fast track to economic growth.
By next month, the Columbus-Lowndes Development Link will exist only in the annals of local history, a fact which has left many to wonder what will happen to the Chamber of Commerce once the economic development portion of the Link is folded into a new tri-county regional partnership between Lowndes, Oktibbeha and Clay counties.
Certainly, parts of the recently-proposed Golden Triangle Regional Development Authority — especially the amount and methods of funding for the new organization — need to be explored further, but the plan will almost certainly come to fruition.
After months of speculation, the specifics of a tri-county economic development coalition were unveiled today at East Mississippi Community College’s Lyceum Auditorium.
District 5 Supervisor Leroy Brooks Wednesday informed the Lowndes County Board of Supervisors of issues a committee will examine when conducting a comprehensive assessment of Lowndes County volunteer fire services.
Mere weeks into his new position, Ron Maloney, the new vice president for economic development for Clay County, is convinced he’s the right man for the job and has found a good fit with Clay County and the Columbus-Lowndes Development Link.
A former Columbus-Lowndes Development Link employee has found a new home as president of the Lamar County Chamber of Commerce in Paris, Texas.
The beginning of September will mark one year since a California-based solar silicon manufacturer chose Lowndes County for its sprawling new facilities. But after pushing the start date back several times, the company may soon be faced with having to request an extension or risk losing the hefty incentive package that state and local officials worked so hard to craft.
The Columbus-Lowndes Development Link is moving forward with plans to recruit industry for West Point and Clay County, securing a deal earlier this week to obtain 10 percent of the resulting tax revenues, with the remaining 90 percent divided between West Point and Clay.
The Columbus-Lowndes Development Link will be adding new staff members in the coming months.
Southern Business & Development has recognized Columbus as one of 10 Southern markets considered “no-brainer” locations for manufacturing in the South.