One of the world’s largest construction equipment manufacturers will be setting up shop in northeast Mississippi.
The Mississippi Development Authority announced Tuesday that Switzerland-based company Liebherr plans to locate distribution and manufacturing operations in Lee County. The project represents an initial corporate investment of $176 million and will create at least 180 jobs by 2026, though the company could potentially invest up to $238.4 million and create up to 342 jobs to support its new functions.
“I am thrilled to welcome Liebherr to Mississippi. The company’s decision to expand its North American footprint in our state is indicative of the strength of our business climate and the capabilities of our workforce,” Gov.Tate Reeves said.
“My administration is committed to fostering economic growth and providing good-paying opportunities for all Mississippians. I thank the Liebherr team for choosing Lee County and am excited to watch the company play an integral role in our continued prosperity. The Mississippi momentum is strong, and it is showing no signs of slowing down any time soon.”
Liebherr selected the Hive Business Park in Tupelo to facilitate its production in Mississippi. The company will develop a new campus on a 118-acre site enabling the construction of more than one million square feet of building space.
Phase one of the project will encompass the building of a state-of-the-art logistics center to serve the distribution and logistics operations for Liebherr’s after-sales services. Following the initial phase, the company will invest in additional work to support its other product segments.
“Tupelo is the ideal location to service and deliver our spare parts to clients in the U.S. and other countries on the North and South American continent. Furthermore, it will serve to expand our businesses with other product segments of the Liebherr Group at the same campus,” Liebherr Managing Director Joerg Stroebele said.
“Its unique logistical capabilities combined with the central geographical location will make a difference to us and our clients. A very professional CDF team, a positive business climate in Mississippi as well as a strong labor market with a highly educated workforce positively contributed to our decision for Mississippi and Tupelo.”
The Mississippi Development Authority is assisting this project through the state’s flexible tax incentive program. Lee County, the city of Tupelo, and Accelerate MS are also aiding the project.
More information about Liebherr can be found here.