GLUCKSTADT, Miss. (AP) - Industrial supplier Fastenal will build an $11.5 million distribution center in Mississippi, hiring 60 workers.
Minnesota-based Fastenal announced plans Monday for the Gluckstadt warehouse, saying it will open by fall 2019. The company will own the 129,000 square-foot (12,000 sq.-meter) warehouse.
CEO Dan Florness says Fastenal’s 15th North American distribution center will strengthen its network.
People were interested in these podcasts
Spokeswoman Tammy Craft says the Mississippi Development Authority will give Fastenal $350,000 for site preparation and $150,000 for infrastructure. The Madison County Economic Development Authority is providing $115,000 for infrastructure.
Craft says Madison County will grant property tax breaks, but projected value is unavailable.
Craft says Fastenal will pay workers $58,000 yearly on average. Fastenal will qualify for incentives rebating some worker income taxes to the company. Fastenal could get $1.4 million over 10 years.
___
This story has been corrected to show employees will make $58,000 a year on average, not $85,000. It reduces the amount of income tax rebates projected from $2 million to $1.4 million.
Please read our comment policy before commenting.