Electronics manufacturing services provider Keytronic plans to expand its operations in Corinth, Miss., creating 376 jobs with the $8.89 million project. The expansion will include renovating the company’s existing facility, including adding new production lines for electronics and final assembly.
Keytronic designs and builds complex electronic and electromechanical products for customers in multiple industries. The company’s operations include product design, printed circuit board assembly, final product assembly, testing, fulfillment, and supply chain management.
To support the expansion project, the Mississippi Development Authority (MDA) is assisting through the Mississippi Flexible Tax Incentive (MFLEX) program. Alcorn County, the Tennessee Valley Authority, and AccelerateMS are also providing assistance.
“We are very excited to expand our operations in Corinth. We have an incredible and dedicated team that we consider our extended family. We look forward to continuing our long and mutually beneficial relationship with the community of Corinth and the state of Mississippi,” said Brett Larsen, President and CEO of Keytronic.
“Keytronic’s continued growth in Corinth is a strong vote of confidence in Mississippi. Companies invest where they know they can move quickly, find the support they need and achieve results. That’s exactly what our team and local partners work to deliver every day. When companies are ready to grow, Mississippi is ready to help them get it done,” said Bill Cork, Executive Director of the Mississippi Development Authority.
“TVA and Alcorn County Electric Power Association congratulate Keytronic on its decision to expand operations in Alcorn County. We’re proud to work alongside Mississippi Development Authority, The Alliance and Alcorn County to support companies like Keytronic as they make continued investments in our region. Together, we are powering growth throughout the Valley, and we look forward to Keytronic’s continued success here,” added Heidi Smith, Vice President of Economic Development for the Tennessee Valley Authority.
“When a company expands, the impact extends far beyond the facility itself. Keytronic’s growth in Corinth will create new pathways to employment, strengthen workforce participation and help prepare the next generation of Mississippians for careers in advanced manufacturing. AccelerateMS is proud to support efforts that connect talent to opportunity and help ensure Mississippi’s workforce remains a competitive advantage for businesses across the state,” said Courtney Taylor, Executive Director of AccelerateMS.
“The Alliance is grateful to Keytronic for their decision to expand in Alcorn County. Upon completion, this expansion will inject over $20 million in new annual payroll to our local economy, which we applaud. Thank you Governor Tate Reeves, the Mississippi Development Authority, AccelerateMS, the Tennessee Valley Authority, ACE Power and the Alcorn County Supervisors for working together to ensure the success of this project,” noted GT McCullough, President of The Alliance.