Swiss company plans to set up in Mississippi, invest $176 million with potential of more than 300 jobs
Published 1:19 pm Tuesday, July 23, 2024
One of the world’s largest manufacturers of construction equipment will locate in Mississippi, bringing with it more than 180 jobs and more than $175 million in investment.
In a significant boost to the local economy, Liebherr has announced plans to establish distribution and manufacturing operations in Lee County. This project represents a substantial corporate investment of $176 million and will create at least 180 jobs by 2026, with the potential for further expansion that could see investments reach up to $238.4 million and job creation rise to 342 positions.
The Swiss company has chosen The HIVE Business Park in Tupelo for this expansion of its North American operations. The new campus will be developed on a 118-acre site, featuring over 1 million square feet of building space. The initial phase of the project will involve constructing a state-of-the-art logistics center to enhance Liebherr’s distribution and after-sales services. Subsequent phases will see further investments to support the company’s other product segments.
Governor Tate Reeves expressed his enthusiasm about Liebherr’s decision, stating, “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 capabilities of our workforce. 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.”
The Mississippi Development Authority (MDA) is supporting the project through the Mississippi Flexible Tax Incentive (MFLEX) program and will also assist in the construction and equipping of the facilities. Additional support is being provided by Lee County, the city of Tupelo, and Accelerate MS.
Bill Cork, Executive Director of MDA, highlighted the significance of this foreign direct investment, saying, “Foreign direct investment is a tremendous contributor to the state’s economy, and MDA has a dedicated team of FDI professionals who work daily to bring global leaders like Liebherr to Mississippi. Today’s announcement is a nod to our team and to our partners who have worked tirelessly to secure this economic development win. It also highlights the state’s attractiveness as a premier destination for international companies.”
Joerg Stroebele, Managing Director of Liebherr-Logistics GmbH, explained the strategic decision behind choosing Tupelo: “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. 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.”
Local leaders also praised the announcement, recognizing the long-term benefits for the community. Mayor Todd Jordan of Tupelo remarked, “Tupelo is honored to welcome Liebherr to our thriving community. The city and county partnership to create and invest in the HIVE Business Park has paid off greatly. We are excited to see this area transform into a hub of innovation and opportunity.”
Lee County Board of Supervisors President Wesley Webb echoed these sentiments, stating, “Liebherr’s selection of the HIVE Business Park is a tremendous win for Tupelo/Lee County. This global powerhouse’s decision to invest in our area is an endorsement of our business-friendly climate and skilled workforce. I want to thank Governor Reeves, the Mississippi Development Authority, and our local partners who have created an environment where businesses and our citizens can succeed.”
Accelerate MS Executive Director Courtney Taylor emphasized the importance of workforce development in this initiative, saying, “Liebherr’s decision to establish itself in Lee County and create 342 jobs is a milestone that Accelerate MS is elated to celebrate today. Our regional workforce partners and residents played an instrumental role in Liebherr’s choice, highlighting Mississippi as the ideal location for their new, multi-faceted operation. We eagerly anticipate collaborating with them and are dedicated to supporting their workforce goals and objectives in Lee County.”