Point Eight Power, Inc. opening operations in Hancock County
- Point Eight Power, Inc. will create at least 78 direct jobs
- Company investing nearly $7.75 million
Jackson, Miss. (July 20, 2023) – Point Eight Power, Inc., manufacturer of power distribution systems, is set to open a new manufacturing plant in Hancock County. With a corporate investment of almost $7.75 million, this project is expected to generate 78 direct jobs.
The decision to establish the manufacturing plant in Mississippi was driven by Point Eight Power’s recognition of the local workforce talent and the favorable site location.
The Mississippi Development Authority is providing assistance for building improvements. MDA also is providing assistance through the Mississippi Flexible Tax Incentive, or MFLEX. Hancock County is assisting with the project, as well.
Point Eight Power has scheduled upcoming job fairs for those interested in applying for a job at the company’s new plant. The first job fair to recruit employees for the Mississippi facility will be held Monday, July 31, from 10 a.m. to 4 p.m. at the Pearl River Community College Waveland Campus, located at 454 US-90, Ste. B, Waveland, Mississippi, 39576.
Point Eight Power, which was founded in 1950, specializes in manufacturing generator controls, switchgear and power control building packages. Throughout its long-standing presence in the industry, Point Eight Power has provided custom-designed electrical control and distribution systems to various sectors, including chemical, critical power, marine, and oil and gas.
“We are excited to welcome Point Eight Power to Hancock County, and we’re confident they’ll find countless opportunities for growth and continued success on our Gulf Coast. The decision to establish a manufacturing plant here in Mississippi is a testament to the remarkable talent of our local workforce and our tremendous business environment. Congratulations and thank you to the entire Point Eight Power team!” – Gov. Tate Reeves
“Point Eight Power is not only investing in its own success but also in the economic development of our state. The 78 jobs being created by the company will return dividends throughout the Gulf Coast Region for generations to come, as these new employees will spend in their communities and generate an even stronger tax base for Hancock County. MDA is glad to support this project, and we look forward to the company’s success in our state.” – MDA Deputy Executive Director Laura Hipp
“We are extremely excited to be opening a new manufacturing plant in the Port Bienville Industrial Park. Our decision to establish a manufacturing plant in Mississippi was driven by numerous factors. First and foremost, we were drawn to the state’s business-friendly policies, which foster an environment conducive to growth and success. Additionally, Mississippi’s strategic geographic location provides excellent access to transportation networks, enabling us to efficiently reach both domestic and international markets. Furthermore, we were impressed by the talented and skilled workforce in the region, whose expertise will be instrumental in driving the success of this new facility. The opening of this manufacturing plant signifies our commitment to creating local employment opportunities and contributing to the economic development of Mississippi. We are excited to partner with the local community and establish strong relationships with suppliers and stakeholders in the region.” – Thomas Naddy, President, Point Eight Power, Inc.
“Hancock County Port and Harbor Commission is committed to the redevelopment of Port Bienville and Hancock County. Our Commission acquired this property in 2021 that has been vacant for nearly 10 years and invested $750,000 dollars to rehab the production facility and attract new industry and jobs to Hancock County. We are proud to add Point Eight Power as a tenant to Port Bienville Industrial Park.” – Blaine LaFontaine, CEO HCPHC
“Hancock County Board of Supervisors is excited to add a company like Point Eight Power to our existing industries in Port Bienville. We believe the investment and job creation will provide countless career opportunities for many residents and allow Port Bienville to be recognized as an area full of growth and potential.” – Scotty Adam, President of Hancock County Board of Supervisors
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.