COLUMBUS, Miss. (AP) — The Lowndes County Board of Supervisors has given Silicor Materials an extension of its deadline to meet terms of an economic incentive package.
The Commercial Dispatch reports (http://bit.ly/MhE1zS ) the original agreement stipulated the first phase of a 1 million-square-foot metal production and purification facility would begin by Sept. 2 and a second phase by Dec., 31 or the company would forfeit a $94.25 million incentive agreement with the county and state.
Columbus-Lowndes Development Link CEO Joe Higgins told supervisors the company would not meet the Sept. 2 deadline.
On Higgins' recommendation, the supervisors gave the company a conditional extension until Dec. 31 to start construction of the first phase.
Information from: The Commercial Dispatch, http://www.cdispatch.com