Manufacturer to change Mississippi plant output, add 50 jobs
Dec. 15, 2017
HOLLY SPRINGS, Miss. (AP) — A hydraulic and pneumatic system manufacturer is changing what it makes in northwest Mississippi, planning 50 more jobs by 2019.
Ohio-based Parker Hannifin Corp. announced Friday that it will produce filters and filter housings in Holly Springs. Work now done there is moving elsewhere.
The Mississippi Development Authority is giving $200,000 to move and install equipment. Marshall County and Holly Springs plan property tax breaks projected at $400,000.
The company isn't disclosing its investment.
Parker Hannifin has 124 workers in Holly Springs, and more than 500 statewide, counting Batesville, Madison and Olive Branch locations.
MDA spokeswoman Tammy Craft says jobs qualify for incentives rebating some worker income taxes to the company. That requires the company pay at least $38,500 annually. Parker Hannifin could get $770,000 in rebates over 10 years.