Rolls-Royce to Boost Output for the US Navy
Rolls-Royce and the Defense Production Act Title III office will invest millions of dollars to upgrade the company’s capability and capacity for U.S. Navy ship propulsion components in its facility in Pascagoula, Miss.The DPA Title III office has already agreed to invest $22 million for equipment, with Rolls-Royce making an additional investment for building improvements, supplemented with support from Jackson County and the state of Mississippi.Naval components manufactured by Rolls-Royce at Pascagoula include controllable-pitch propeller systems, fixed pitch propellers, and water jets.
STEHMO Investing $10 Mln, Adding 100 Jobs
Ship maintenance and repair company ST Engineering Halter Marine and Offshore, Inc., said it is investing $10 million to expand at its Pascagoula, Miss. site, adding 100 jobs in the process.STEHMO, along with its sister company VT Halter Marine, is growing as a result of recent market opportunities. The expansion will enable the company to perform new commercial repair work for larger ships and oil platforms that require greater size and lifting capacity. STEHMO is adding dock space and water depth adjacent to its Bayou Casotte site.
Ingalls Opens Maritime Training Academy
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division officially opened the company's brand-new, 70,000 square-foot Haley Reeves Barbour Maritime Training Academy today with a ribbon-cutting ceremony. The building, named for the former Mississippi governor, will serve as the training epicenter for Ingalls' apprentice program and will also help bolster the number of students. "Today symbolizes the state's commitment to workforce development and skills training for all of our working people so they can get better, higher-paying jobs," Barbour said.
New Maritime Trades Academy
Northrop Grumman Corporation (NYSE:NOC) hosted groundbreaking ceremonies for the new Jackson County (Miss.) Maritime Trades Academy on June 8 with state and local officials participating. "The shipbuilding academy will help find new workers and upgrade the skills of current workers for our shipbuilders on the Coast and for our energy industry," said Mississippi Governor Haley Barbour. A $20m HUD community development block grant was awarded by the state of Mississippi in August 2009 to build the academy.
Gulf LNG May Get Tax Breaks
According to The Mississippi Press, there are several state and local tax incentives that Gulf LNG could seek as it proceeds with plan to construct a $600 million liquid natural gas terminal off Industrial Road. Gulf LNG, Jackson County Board of Supervisors and the Port of Pascagoula entered a sublease agreement Monday that enables the company to use 106 acres of land south of Chevron Refinery on the east side of the Bayou Casotte channel that the state leases to the Port of Pascagoula. On the state level, two tax incentives are exemptions for state corporate income tax liability and access to tax exempt bond financing. Locally, ad valorem exemptions are available.
