VOL. 132 | NO. 242 | Thursday, December 7, 2017
Toolmaker to Hire 660, Invest $33.4M in 3 Mississippi Cities
The Associated Press
GREENWOOD, Miss. (AP) – Milwaukee Tool will add 660 jobs overall at three Mississippi locations, investing $33.4 million to make and distribute more power tools.
The unit of Hong Kong-based Techtronic Industries said Wednesday that it will expand production and distribution at facilities in Greenwood, Olive Branch and Jackson. The expansions over the next four years will bring Milwaukee Tool's statewide employment to nearly 2,300.
Mississippi Development Authority spokeswoman Tammy Craft says the state is giving Milwaukee Tool nearly $11 million for infrastructure and building renovations. The state will loan Greenwood $5 million to buy a building and replace a parking lot. Milwaukee Tool will repay that loan through lease payments.
Craft says Milwaukee Tool expects to seek property tax breaks, but didn't specify a value.
The company declines to release pay levels.
Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.