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.