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The initial commitment agreed upon by the Yokohama Tire Corporation spells 500 jobs in Clay County by 2015.
Brent Christensen, Executive Director of the Mississippi Development Authority told lawmakers today that phase one is projected to be in operation by 2015.
Yokohama employs 17,000 people worldwide, and if all four phases of this project are done at Clay County's Prairie Belt Powersite, West Point could be the home of 2,000 more.
"These phases are going to be in operation in 2015, 2017, 2019 and 2023," Christensen said.
While the company is subject to start any of the other four phases elsewhere, Christensen said that the incentives package before lawmakers today includes money that will prepare Clay County's site for all four phases.
"We want to prepare that entire site for all four phases at one time," Christensen said. "We want to be the no-brainer decision for those next four phases."
Christensen confirmed that the nature of phase one involved the production of commercial tires.
Included in the legislative package is an $11.75 million allotment to build a "training center" for the workforce.