Stion Corp. has renegotiated its contract with state in which its commitment of jobs creation has been cut in half and its time limit was lengthened by five years.

Its memorandum of understanding with the Mississippi Development Authority, city of Hattiesburg and Forrest County, which was amended in November, was obtained by the Mississippi Business Journal under an Open Records Act request.

The maker of solar panels agreed in March 2011 to create 1,000 jobs by the end of 2017. Now it will have to create at least 500 jobs paying an average of $43,000 by the end of 2022.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s