Project represents a corporate investment of approximately $23.4 million
Saylor Wheel LLC is locating manufacturing operations in Greenwood. The project represents a $23.4 million corporate investment that will create 145 new jobs.
Saylor Wheel will manufacture tire and steel wheel assemblies for the trailer industry with the steel wheels vertically integrated into the manufacturing process. The investment includes the purchase and rehabilitation of an existing building in Greenwood, as well the purchase of manufacturing and non-manufacturing equipment.
“This $23.4 million investment and 145 new jobs is a testament to the strength and vitality of Mississippi’s economy,” said Gov. Tate Reeves. “The products produced by Saylor Wheel right here in Mississippi will help drive economic growth and strengthen Leflore County. I’m thankful for Saylor Wheel and look forward to seeing the positive impact of their manufacturing operations in Leflore County”
The Mississippi Development Authority is providing assistance in support of the project through the Mississippi Flexible Tax Incentive, or MFLEX. Leflore County and Greenwood also are assisting with the project.
Rehabilitation of the building will soon be underway, and the company aims to begin operations in the coming months.
“We are thrilled to welcome Saylor Wheel to Greenwood and Leflore County,” said MDA Deputy Executive Director Laura Hipp. “This economic development speaks to the hard work and dedication of our community leaders and economic development professionals, all of whom work tirelessly to attract high-quality jobs to our state. We anticipate Saylor Wheel’s growth and success in Mississippi.”
