Tupelo, Miss. (Jan. 28, 2020) – Polyurethane foam manufacturer Innocor is increasing production at its two facilities in Baldwyn. The expansion marks a $4.1 million corporate investment and will create 90 jobs.
“Mississippi businesses, like Innocor, are at the core of our state's growing economy," Gov. Tate Reeves said. "We are proud to work with and support businesses like theirs as they expand and add new jobs to Mississippi's workforce. This expansion creates opportunities for those 90 people as well as their families to achieve more and thrive."
The expansion will include doubling Innocor's manufacturing capacity on one of its manufacturing lines. The company also will relocate another manufacturing line into what was previously used as a distribution center. The addition of the 90 new jobs will increase employment by Innocor to more than 540 in the Baldwyn area.
“We are very excited for the opportunity to expand our business in Baldwyn. This would not be possible without the Mississippi Development Authority’s commitment to grow our existing industries in the state,” said Innocor General Manager Kevin Lindsey. “On behalf of Innocor, we sincerely appreciate the Mississippi Development Authority, Community Development Foundation, Lee County and the city of Baldwyn for all their support.”
The Mississippi Development Authority is providing assistance for building and infrastructure improvements and equipment installation. Lee County and the city of Baldwyn will provide property tax exemptions.
"MDA is pleased to assist Innocor with its expansion in Lee County, as 90 more individuals in Northeast Mississippi will have the opportunity to have good, steady jobs to provide for their families and give back to the community," said MDA Deputy Director Mike McGrevey. "The teamwork of MDA, the Community Development Foundation, Lee County and the city of Baldwyn was instrumental in bringing these new jobs to our state."
“It’s thanks to public-private partnerships that make these projects possible. Today’s Innocor expansion will stand as another testament to what can happen through positive collaboration. On behalf of the Lee County Board of Supervisors, I commend Innocor for your partnership, your continued investment, and your commitment to bringing quality jobs to Northeast Mississippi,” said Lee County Board of Supervisors President Tommie Lee Ivy.
“We are grateful to Innocor for choosing to continually expand in Baldwyn. Innocor has been a good corporate citizen since locating here in 2004 and we thank them for providing stable, well-paying careers to the people of Baldwyn, Lee County and beyond,” said Mayor Michael James of Baldwyn. “On behalf of the Community Development Foundation, we’d like to express our sincere gratitude to Innocor for choosing to continually expand and invest in our community by adding more and better jobs for our deserving citizens.
We also want to express our deep appreciation to the Mississippi Development Authority and Governor Reeves for their continued support of this project,” said Community Development Foundation Chairman Sam Pace.
Innocor plans to complete the expansion by mid-February and plans to fill the 90 jobs by the end of the first quarter.
About Innocor:Innovation is in our name, and more importantly, it’s at the core of everything we do. For more than 60 years,we’ve been developing and producing advanced foam technologies for the commercial and retail channels. Ourpeople are our greatest asset, and they define who we are and what we do every day. They are responsible fordriving our desire to design and manufacture the most advanced comfort, sleep, furniture, marine and packagingproducts in the industry. Innocor Inc® is proud of keeping jobs in America. We operate 22 facilities in Americawhere our foam is manufactured, and our products are assembled. Every component and product we makemeets the highest standards for quality and safety. Our commitment to safety and operational excellence isparamount. Our dedication to delivering the highest quality products is unwavering. Our passion to understandhow we can help you is our mission.
About the Community Development Foundation:Founded in 1948, the Community Development Foundation (CDF) is the exclusive agency charged withproviding chamber of commerce, economic development and planning and property management services forTupelo/Lee County, Mississippi. CDF is a nonprofit membership organization composed of civic, business, andprofessional leaders representing the region. CDF has been selected ten times as one of the top 10 industrialdevelopment agencies in the nation by Site Selection magazine, a leading trade magazine for industrialdevelopment consultants.