Extraordinary news that could have a huge impact on the North Mississippi economy -- a positive impact.!
A Japanese newspaper reported that Toyota Motor Corp. has picked Mississippi for its next U.S. manufacturing plant.
The Nikkei, a leading Japanese business newspaper, reported the plant would cost $829 million and produce Toyota SUV.
The plant would employ up to 2,000 and could easily bring that many supplier-related jobs.
Toyota says the plant would be complete in 2009 and have an annual capacity of 150,000vehicles.
The 1700 acre Wellspring Site at the corner of Pontotoc, Lee and Union counties that local officials have been promoting as a site for an auto manufacturer.
All of this information is based on reports from a japanese newspaper right now.
But to add some credibility to the likelihood that Tupelo has been chosen, the governor's office says Haley Barbour will be in Tupelo Tuesday at 9:00 a-m at Tupelo High School to make a major announcement regarding economic development.
from wtva.com
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