The Madison County Economic Development Authority announced Monday that Fastenal will be locating in Madison County and creating more than 60 new jobs.
The industrial supply company commits to invest approximately $11,500,000 and create more than 60 new jobs with an average annual wage of approximately $58,000, over the next 3 years.
Their new 129,000 square foot distribution center is the company's 15th in North America and will be located off Sowell Road in the Central Mississippi Industrial Center.
Madison County supervisors pledged support for public infrastructure improvements for the project. According to the MCEDA, Fastenal is a leading industrial supply company that provides other companies with fasteners, tools and supplies needed to manufacture products, build structures, and maintain facilities and equipment.
The Mississippi Development Authority is providing assistance for site preparation and infrastructure improvements. MCEDA is providing assistance for public infrastructure improvements.
"Fastenal's decision to locate in Mississippi shows we have the right tools for global companies to grow their operations," said Governor Phil Bryant. "The state's skilled workforce and logistical advantages make Mississippi a top destination for any company looking to accelerate their business."
Construction on the distribution center will begin this fall and is expected to be complete by the end of 2019.
Copyright 2018 MSNewsNow. All rights reserved.
Story idea or news tip? Email us at News@WLBT.COM or call 601-960-4426.
715 South Jefferson Street
Jackson, MS 39201