The construction of a 54,000 square foot concrete vessel dry-docking slab marks the completion of the first phase of a $7.2 million infrastructure improvement project at Signet Maritime in the Pascagoula River Harbor. The project is being made possible through a Community Development Block Grant (C.D.B.G.). These grants are available to local units of Government (the county) for eligible economic development projects that provide a public benefit and are located on public land.
The grant process is made possible through a team effort among the State of Mississippi, the Jackson County Board of Supervisors, the Jackson County Port Authority and Signet Maritime Corporation.
The $523,400 concrete flab was funded in part by a $3.6 million C.D.B.G. grant that was awarded to Jackson County to support the expansion of Signet Maritime Corporation and to promote future growth of maritime operations. The slab was poured over an area that has not been used for many years, due to tainted materials expended by a former shipbuilding operation. The entire area has been completely remediated for environmental cleanliness. The additional area will allow the shipbuilding and repair sector of Signet Maritime Corporation to expand their vessel fabrication and repair business.
Signet Maritime Corporation will be investing $3.6 million in matching funds to complete the entire project which consists of a new fabrication shop, dredging alongside the property and refurbishment of the bulkhead. Additionally, the grant requires the creation of a minimum of fifty new full-time jobs.
J. Barry Snyder, President & C.E.O., Signet Maritime said “this project has been in our strategic plan for 3 years and it was made possible by the tremendous cooperation of the Jackson County Economic Development Foundation, the Jackson County Board of Supervisors, the State of Mississippi and The Port of Pascagoula. Without this strong support the benefits of this project would never have been attained. We are very grateful to our good friends in the County and State for their pro-activity and business encouragement.”
Seymour Engineering and Fletcher Construction were hired by the County as the engineering firm and contractor for the project.
All three phases of the project are scheduled for completion by April 2015.