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California-based Stion to Create 1,000 Green Jobs in Mississippi
|Stion, a manufacturer of high-efficiency thin-film solar panels, will build a new production facility in Mississippi as part of an incentive agreement with the state that includes a $75 million loan and other tax and training incentives.|
The project, which will be the first thin-film solar panel factory in Mississippi, will deliver more than 1,000 green jobs and $500 million of investment over the next six years.
“Together, the state of Mississippi, Forrest County, and the city of Hattiesburg offer a business-friendly location with a strong resource base for manufacturing,” said Chet Farris, Stion’s President and CEO. “In partnering with them, we are pleased to help address this country’s energy needs with clean technology, and support the region’s and the nation’s economy.”
Stion has initial plans to hire more than 200 workers and invest $120 million. Over the first six years of commercial production, Stion plans to expand to 1,000 jobs with an investment of $500 million. The average salary for Stion employees will be a minimum of $43,000.
“Today’s announcement that Stion is locating a thin film solar panel manufacturing facility in Hattiesburg is further proof that Mississippi is an ideal location for clean energy companies to locate and expand,” Governor Haley Barbour said. “I am pleased to welcome Stion to Mississippi, and I thank the company for creating so many high-quality jobs for Mississippi’s workers.”
Stion will occupy part of the former Sunbeam building located in the Hattiesburg-Forrest County Industrial Park. Hattiesburg is a prime investment area for businesses to start-up and expand because of the pro-business environment, exceptional workforce, higher education cluster, quality available real estate and superb quality of life here in the Pine Belt.
Earlier this year, Stion closed a $70 million round of financing to expand its manufacturing facility in San Jose, CA, and the California Energy Commission approved 3 loans to Stion totaling $10.5 million.