Wednesday, December 02, 2009

Mississippi funds rail spur

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The city of Horn Lake will receive $520,000 to construct a railroad spur to service the plant expansion of Newly Weds Foods, a Chicago-based company that produces food coatings, seasonings, breading and other food processing products.

The money was given by the Mississippi Freight Rail Revolving Loan/Grant Program, which is administered by the Mississippi Development Authority. The project already received $1.1 million from the federal Economic Development Administration in September and will create 20 jobs in addition to saving 300 other jobs in DeSoto County.