JACKSON, Miss. (AP) — Mississippi could borrow $20 million to help Findlay-based Cooper Tire & Rubber Co. update its factory in Tupelo, Miss.
The Northeast Mississippi Daily Journal reported that Gov. Phil Bryant signed a bond bill Wednesday.
Senate Bill 2975 said Cooper would be eligible for $8 million during the 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, said 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 said officials hope the agreement will be set by late June.
- The Docket
- Member Service