Mississippi company ordered to pay state $6.3 million
TUNICA CO., Miss. — The Mississippi State Auditor is ordering a local company to pay back millions after it reportedly failed to fulfill its obligations to the state.
GreenTech Automotive, a U.S.- based automotive manufacturer in Tunica County, agreed to invest $60 million into the local community and create more than 350 new full-time jobs in exchange for funding.
They reportedly received $3 million from the Mississippi Development Authority.
Tunica County was given an additional $2 million from the Board of Supervisors in order to secure land for the company’s new facility.
State Auditor Stacey Pickering said the company didn’t hold up their end of the bargain and now they want that money back.
The state said they sent a formal demand to the president and CEO of GreenTech Automotive this week ordering the company to pay $6.3 million.
That figure includes interest and recovery costs.