Swiss manufacturer Liebherr locating in Tupelo 07/23/2024
Liebherr, one of the largest manufacturers of construction equipment in the world
- Company to create 180 jobs by 2026, potentially creating up to 342
- Project represents corporate investment of $176 million by 2026, with a potential investment of up to $238.4 million
Jackson, Miss. (July 23, 2024) – Liebherr, one of the largest manufacturers of construction equipment in the world, is locating distribution and manufacturing operations in Lee County. The project represents a corporate investment of $176 million and will create at least 180 jobs by 2026. The company potentially will invest up to $238.4 million and create up to 342 jobs to support its new operations.
Liebherr selected The HIVE Business Park in Tupelo as the location to expand its North American operations. The company will develop a new campus on a 118-acre site that will enable it to construct more than 1 million square feet of building space. The first phase of the project will encompass the construction of a state-of-the art logistics center to serve the distribution and logistics operations for Liebherr’s after-sales services. Following the initial phase, the company will invest in additional work to support its other product segments.
The Mississippi Development Authority is providing assistance through the Mississippi Flexible Tax Incentive, or MFLEX program. MDA also is providing assistance for constructing and equipping the facilities. Lee County, the city of Tupelo and Accelerate MS also are assisting with the project.
Liebherr is a family-run technology company with a diversified product portfolio. In addition to construction equipment, the company provides high-quality, user-oriented products and services in a wide range of areas. The Liebherr Group is comprised of more than 150 companies in more than 50 countries and currently employs more than 53,000 employees worldwide and over 1,600 in the U.S.
QUOTES
“I am thrilled to welcome Liebherr to Mississippi. The company’s decision to expand its North American footprint in our state is indicative of the strength of our business climate and capabilities of our workforce. My administration is committed to fostering economic growth and providing good-paying opportunities for all Mississippians. I thank the Liebherr team for choosing Lee County and am excited to watch the company play an integral role in our continued prosperity. The Mississippi momentum is strong, and it is showing no signs of slowing down any time soon.” – Gov. Tate Reeves
“Foreign direct investment is a tremendous contributor to the state’s economy, and MDA has a dedicated team of FDI professionals who work daily to bring global leaders like Liebherr to Mississippi. Today’s announcement is a nod to our team and to our partners who have worked tirelessly to secure this economic development win. It also highlights the state’s attractiveness as a premier destination for international companies.” – MDA Executive Director Bill Cork
“Tupelo is the ideal location to service and deliver our spare parts to clients in the U.S. and other countries on the North and South American continent. Furthermore, it will serve to expand our businesses with other product segments of the Liebherr Group at the same campus. Its unique logistical capabilities combined with the central geographical location will make a difference to us and our clients. A very professional CDF team, a positive business climate in Mississippi as well as a strong labor market with a highly educated workforce positively contributed to our decision for Mississippi and Tupelo.” – MD Joerg Stroebele, Liebherr-Logistics GmbH
“Tupelo is honored to welcome Liebherr to our thriving community. The city and county partnership to create and invest in the HIVE Business Park has paid off greatly. We are excited to see this area transform into a hub of innovation and opportunity.” – Mayor Todd Jordan, City of Tupelo
“Liebherr’s selection of the HIVE Business Park is a tremendous win for Tupelo/Lee County. This global powerhouse’s decision to invest in our area is an endorsement of our business-friendly climate and skilled workforce. I want to thank Governor Reeves, the Mississippi Development Authority, and our local partners who have created an environment where businesses and our citizens can succeed.” – Lee County Board of Supervisors President Wesley Webb
“Liebherr’s decision to establish itself in Lee County and create 342 jobs is a milestone that Accelerate MS is elated to celebrate today. Our regional workforce partners and residents played an instrumental role in Liebherr's choice, highlighting Mississippi as the ideal location for their new, multi-faceted operation. We eagerly anticipate collaborating with them and are dedicated to supporting their workforce goals and objectives in Lee County.” – Accelerate MS Executive Director Courtney Taylor
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About Mississippi Development Authority
Mississippi Development Authority is the state’s lead economic and community development agency. MDA focuses on new business recruitment, existing business expansion, workforce training, and tourism promotion. For more information, visit MDA’s website at mississippi.org.
