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Sunday, March 30, 2008

Boom in Mobile to help Mississippi

A story in today's Hattiesburg, MS newspaper talks about how the economic boom in Mobile will affect Mississippi. The newspaper lists the recent announcements and economic growth in Mobile:
  1. The Air Force recently announcement that Northrop Grumman and European Aerospace Defense Systems (EADS) won a $40 billion contract to build in-air refueling tanker airplanes. The aircraft will be built by 1,900 employees in a new $600 million facility at Mobile's Brookley Field.
  2. The global giant ThyssenKrupp AG, announced last year that it would build a new $3.7 billion state-of-the-art steel mill producing stainless steel in northern Mobile County that will employ 2,700 permanent workers.
  3. The University of South Alabama and Infirmary Health System are completing construction on the new $100 million Mitchell Cancer Institute.
  4. Austal USA has just completed a $25 million expansion and is a partner with Bath Iron Works in a $223 million contract to build combat ships for the U.S. Navy.
  5. APM Terminals of North American and Terminal Link are building a $300 million intermodal facility that will bring together ship, rail, truck, and air transportation into one contiguous site.

It is suspected that there will be an influx of new businesses related to all of the economic growth to Mobile and the Mobile area which would include towns in Mississippi and Florida.

Here is the link to the story - http://www.hattiesburgamerican.com/apps/pbcs.dll/article?AID=/20080330/NEWS01/803300308

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