-
Industrial manufacturing company creating at least seven jobs
-
Project represents a corporate investment of more than $3.14 million
Industrial manufacturing company Laurel Machine & Foundry is expanding its manufacturing services in Jones County to meet the growing demand for its services in Mississippi. The project is a $3,140,500 corporate investment and will create at least seven jobs.
Laurel Machine & Foundry offers a variety of industrial and manufacturing services, including computer numerical control and manual machining, plate and structural fabrication, metal processing and iron casting. The expansion includes the construction of a 20,000-square-foot machining facility and a 7,500-square-foot warehouse, as well as the purchase and installation of new equipment.
The Mississippi Development Authority is providing assistance through the Mississippi Flexible Tax Incentive, or MFLEX, program.
Established in Jones County in 1904, Laurel Machine & Foundry is one of the oldest manufacturing companies in Mississippi. The company expects to complete the expansion within one year and plans to fill the new jobs within three years.
Quotes
“Industrial manufacturing is at the core of Mississippi’s economy. When companies like Laurel Machine & Foundry expand in Mississippi, they show the world that we have the tools and the workforce to drive growth in this important sector. I thank the Laurel Machine & Foundry team for its commitment to Jones County and for creating new employment opportunities for the area’s workforce.” – Gov. Tate Reeves
“MDA is proud to support Laurel Machine & Foundry as this valued Mississippi company grows in Jones County. For 120 years, LMF has been central to the Laurel community and Mississippi’s manufacturing sector. This year alone, economic growth in our state has been remarkable, and this latest investment continues that momentum.” – MDA Executive Director Bill Cork
“I am very pleased to announce this expansion of Laurel Machine & Foundry Company at our Hawkes Industrial Park. I cannot think of a better way to celebrate 120 years of business in Laurel, Mississippi! As the fourth generation of a family-owned manufacturing company, I am excited to continue to grow our facilities in the great state of Mississippi, which has such an impressive business climate.” – Trent Mulloy, President, Laurel Machine & Foundry Co.
“Laurel Machine & Foundry has consistently demonstrated a commitment to excellence, innovation and the growth of our local economy. They have secured a reputation as a quality employer and proven to be a loyal supporter of our community. Providing resources and support to existing industry is an important goal for us at the EDA. Working with LMF has been a joy, and we are excited to watch them expand their operations in Jones County.” – Ross Tucker, President, Economic Development Authority of Jones County
