The announcement Edison Chouest Offshore will locate a shipbuilding facility in Gulfport and hire a thousand people is great economic news for our region. The planned jobs will pay an average of $40,000 a year according to Governor Phil Bryant.
In the world of economic development, it is obvious that this deal was not easy for state and local leaders. Not only was lots of political capital spent, but also lots of cold hard cash is being put on the line as well, $11 million in incentive grants, another $25 million in infrastructure improvements from block grants and thousands in local tax incentives.
Now state and local leaders need to see this plan through making sure the millions invested leads to the hiring of a thousand Mississippi workers and the 2018 opening of the shipyard.
Edison Chouest will invest $68 million. The company has four other shipyards in the U.S. and one in Brazil. This seems to be the kind of effort it takes to keep and add jobs on American soil.
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