- Associated Press - Wednesday, April 23, 2014

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 (https://bit.ly/QFviLW ) reports that Gov. Phil Bryant signed a bond bill Wednesday.

Senate Bill 2975 (https://bit.ly/1prvcHv ) 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, https://djournal.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide