Lowndes Luring Kia with $1 Billion

By: The Associated Press
By: The Associated Press

The $1 billion incentive package that Lowndes County has put together to try to attract a Kia automotive plant includes $29 million the county would spend to buy and improve the 1,958-acre Crossroads site west of Golden Triangle Regional Airport.

About $200 million in state incentives would be used for site preparation, $240 million in tax breaks and low-interest financing available through the federal Gulf Opportunity Zone Act approved by Congress in December, and $513 million in local, state and federal property, sales, income and personnel tax reductions over 20 years.

Gray Swoope, the chief operating officer for the Mississippi Development Authority, says the Korean automaker will make the final decision on where to place its first U.S. plant and state officials will promote all the sites that meet their criteria.

Swoope says the site in Lauderdale County at Kewanee is still under consideration.

Mississippi has continued to pursue the plant, despite reports that a LaGrange, Ga., site is a strong contender.

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