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Council approves updated MPEDC–MPX Group agreement promising $1 million reimbursement for a proposed manufacturing facility
Summary
The council unanimously approved an updated development agreement between the Mount Pleasant Economic Development Corporation and MPX Group LLC that includes up to $1,000,000 in reimbursements for qualified expenditures tied to a minimum $20,000,000 investment, at least 100,000 square feet of operations, creation/retention of 95 FTE jobs at a minimum $18/hour, and annexation by Jan. 1, 2027.
The Mount Pleasant City Council voted unanimously Dec. 17 to approve an updated development agreement between the Mount Pleasant Economic Development Corporation (MPEDC) and MPX Group LLC, authorizing EDC performance reimbursements and establishing performance metrics for a proposed manufacturing facility on land adjacent to the city that is proposed for annexation.
EDC director Nathan Taboya summarized the agreement and said the board approved a performance…
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