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VOL. 129 | NO. 81 | Friday, April 25, 2014

Mississippi Could Give $20 Million in Aid to Cooper Tire

AP

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JACKSON, Miss. (AP) – Mississippi could borrow $20 million to help Cooper Tire & Rubber Co. update its factory in Tupelo, Miss.

The Northeast Mississippi Daily Journal reports that Gov. Phil Bryant signed a bond bill Wednesday.

Senate Bill 2975 says Cooper would be eligible for $8 million during fiscal year that starts July 1, followed by $6 million in each of the next two years.

David Rumbarger, CEO of the Tupelo-based Community Development Foundation, says government officials and Cooper are working on an agreement to give the Mississippi aid and local tax breaks to the company if it commits to maintaining at least 1,300 jobs and investing $140 million in the Tupelo plant.

Rumbarger says officials hope the agreement will be set by late June.

Cooper is based in Findlay, Ohio.

Information from: Northeast Mississippi Daily Journal, djournal.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 43 12,074
MORTGAGES 0 78 15,834
FORECLOSURE NOTICES 0 0 3,130
BUILDING PERMITS 0 0 28,832
BANKRUPTCIES 3 100 11,771
BUSINESS LICENSES 0 18 4,292
UTILITY CONNECTIONS 0 190 17,922
MARRIAGE LICENSES 0 43 3,711

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