California Company Turning on the Lights in Indianola

INDIANOLA, MS (Ben Caxton) — A lighting company will invest $1 million to open a distribution center in Indianola. Parmida LED Technologies announced Tuesday that it will hire 20 people for the facility, its first location outside of California. It will open in about six months and serve the central and eastern United States. The Mississippi Development Authority will direct $400,000 in federal community development money for renovations and infrastructure. The state is loaning $1.5 million to Sunflower County to buy a building for Parmida to lease and local governments will offer an estimated $550,000 in property tax abatements over 10 years. The state also has promised $500,000 in income, franchise, and sales tax breaks to companies locating in economically depressed areas.

 


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