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.