JACKSON, Miss. (AP) — General Electric Co. and Praxair Corp. will invest more than $100 million in Ellisville to build a plant to coat aircraft parts. However, GE will stop the current work of building composite aircraft parts at the plant.
The new venture, called PG Technologies, pledged Monday to employ 250 people, the same number GE once pledged to hire. Employment by the new venture could rise to 400 people.
The Mississippi Development Authority will give PG Technologies up to $8.6 million if it reaches 400 jobs. Also, local governments will rebate two-thirds of property taxes for up to 10 years.
Jones County economic developer Ross Tucker says the new plant was attractive because of the higher level of investment and because workers will process replacement parts, guaranteeing a high volume of work.