Paccar Going To Mississippi To Build Engines?
Posted on April 30, 2007
The Associated Press is speculating that Paccar Inc. may be looking at Mississippi as the site of its previously announced $400 million engine and powertrain manufacturing plant. The reference to the truck manufacturer came up in an article where AP said “ bruised egos and political rhetoric temporarily stalled a bill designed to bring hundreds of jobs to north Mississippi.”
Lawmakers approved a $48.4 million incentive package during a special session for the proposed plant in Lowndes County, AP reported. The report added that, “While no one has said what the company is, the only one being mentioned is Paccar Inc. of Bellevue, Wash., the maker of Peterbilt and Kenworth trucks. The publicly traded company announced in January that it was planning to build an engine-manufacturing plant somewhere in the Southeast.”
The AP report went on to say that Gov. Haley Barbour said Wednesday the unnamed plant would have an estimated payroll of $18 million. Production could start by 2010. The incentives package will fund onsite improvements on roads, site preparation and the extension of water and wastewater services, as well as offsite items like infrastructure and work force training. The bills would also allow Lowndes County to issue $15 million in bonds and use imminent domain to obtain property for the plant.