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Mississippi manufacturing can benefit from GO Zone incentive opportunities.

Publication: Mississippi Business Journal
Publication Date: 25-SEP-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Thanks to GO Zone tax breaks approved by Congress, a steel mini-mill being built in Lowndes County is moving forward with expansion plans in 2006 rather than waiting for five years, as outlined in the corporate business plan.

In June, Lowndes County supervisors approved investing $2.5 million in local tax money for the proposed $300-million expansion of SeverCorr, which is already building an $880-million, 1.2-million-square-foot facility located near the Golden Triangle Regional Airport to make steel for the South's robust automotive industry.

"We first thought the project would take place in year three, four or five," said Joe Higgins, CEO of the Columbus-Lowndes Development Link. But SeverCorr officials "thought now might be a good time to expand based on the benefits that...

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