Local Expansion Boosts Jones County Economy

POSTED Wednesday, June 19th, 2024

Laurel Machine & Foundry Expands Operations, Boosts Local Economy

In a significant move for the local economy, Laurel Machine & Foundry is expanding its operations in Jones County, representing a corporate investment of more than $3.14 million. This expansion is expected to create at least seven new jobs, highlighting the company’s commitment to growth and the community.

 

Expansion Details

 

Laurel Machine & Foundry, a longstanding pillar in Mississippi’s industrial manufacturing sector, is set to enhance its manufacturing capabilities. The expansion project includes the construction of a 20,000-square-foot machining facility and a 7,500-square-foot warehouse. Additionally, new equipment will be purchased and installed to support the increased demand for their services. These services encompass a range of industrial and manufacturing needs, including computer numerical control (CNC) and manual machining, plate and structural fabrication, metal processing, and iron casting.

 

Economic Impact

 

The Mississippi Development Authority (MDA) is supporting this project through the Mississippi Flexible Tax Incentive (MFLEX) program. This initiative is designed to provide the necessary assistance to companies looking to expand their operations within the state, fostering economic growth and job creation.

 

Company Legacy and Commitment

 

Established in 1904, Laurel Machine & Foundry has been a cornerstone of the Laurel community and Mississippi’s manufacturing industry for over a century. The company plans to complete the expansion within a year and aims to fill the new positions within three years. This development is a testament to the company’s enduring legacy and its continued commitment to innovation and excellence.

 

Leadership and Community Support

 

Governor Tate Reeves expressed his gratitude for the company’s ongoing investment in the state, stating, “Industrial manufacturing is at the core of Mississippi’s economy. When companies like Laurel Machine & Foundry expand, they show the world that we have the tools and workforce to drive growth in this important sector.”

 

MDA Executive Director Bill Cork also praised the company’s decision to expand, noting its historical significance and its role in the state’s recent economic growth. “MDA is proud to support Laurel Machine & Foundry as this valued Mississippi company grows in Jones County. For 120 years, LMF has been central to the Laurel community and Mississippi’s manufacturing sector.”

 

Trent Mulloy, President of Laurel Machine & Foundry, shared his enthusiasm for the expansion, particularly as the company celebrates 120 years in business. “I cannot think of a better way to celebrate 120 years of business in Laurel, Mississippi! As the fourth generation of a family-owned manufacturing company, I am excited to continue to grow our facilities in the great state of Mississippi.”

 

Ross Tucker, President of the Economic Development Authority of Jones County, highlighted the company’s commitment to the local economy. “Laurel Machine & Foundry has consistently demonstrated a commitment to excellence, innovation, and the growth of our local economy. Providing resources and support to existing industry is an important goal for us at the EDA.”

 

Looking Forward

 

The expansion of Laurel Machine & Foundry is a promising development for Jones County, reflecting a strong partnership between the company, local authorities, and state programs. As the project progresses, it is expected to bring substantial benefits to the local workforce and economy, reinforcing Mississippi’s position as a leader in industrial manufacturing.

 

For more updates on economic developments in Jones County, follow the Jones County Chamber of Commerce on social media.

 

For further details, you can read the original announcement on the Mississippi Development Authority website.  

Top 5 Strategies for Small Businesses to Recruit New Employees

POSTED Monday, May 15th, 2023

As a small business owner, recruiting top talent is integral to your business’s success. Attracting the right people to your team can sometimes feel daunting, especially when competing with larger corporations with seemingly endless resources. However, small businesses offer unique advantages that can be leveraged in the recruitment process. Here are our top 5 strategies for small businesses to attract and recruit new employees.

1. Leverage Your Unique Company Culture

Small businesses often have a distinct and close-knit company culture that larger corporations can’t emulate. Potential employees are attracted to workplaces where they feel they can significantly impact and build meaningful relationships with their coworkers. Highlight your company’s culture in job postings, on your website, and during interviews to attract like-minded candidates.

2. Offer Competitive Benefits

While you may not be able to match the salaries larger corporations offer, consider offering other competitive benefits. This could include flexible work hours, remote work options, professional development opportunities, or additional vacation time. These benefits often appeal to job seekers looking for work-life balance and personal growth.

3. Utilize Social Media and Online Platforms

Social media isn’t just for marketing your products or services – it’s also an effective recruitment tool. Regularly posting about job openings on platforms like LinkedIn, Facebook, or even Instagram can get the word out to potential candidates. Additionally, ensure your business has a presence on online job boards to reach a wider audience.

4. Develop an Employee Referral Program

Your existing employees can be your best recruiters. They understand your business and likely know others in the industry who would be a good fit. Consider implementing an employee referral program that incentivizes staff who refer successful candidates.

5. Network Locally

As a small business, you have deep connections within your local community. Utilize local networking events, industry meetups, and Chamber of Commerce gatherings to meet potential candidates. Not only will this give you access to a pool of potential employees, but it also increases your business’s visibility within the community.

Recruiting new employees is an ongoing process vital to your business’s growth. By leveraging your unique advantages as a small business and using these strategies, you can attract top talent to help your business thrive. Remember, it’s not just about finding a candidate with the right skills but also finding someone who aligns with your company’s culture and values. Happy recruiting!