Alden Group Renewable Energy has announced plans to open a new facility in Smith County, with the $12.535 million project set to create 30 jobs in the area.
The company works with nearby poultry processors to turn waste products into dry matter that is then sold to refineries to make biodiesel.
“I’m proud to welcome Alden Group Renewable Energy as Mississippi’s newest corporate partner. The company’s investment in Raleigh will bring 30 good job opportunities to the citizens of Smith County,” Governor Tate Reeves stated. “This project is another win for our state and will further strengthen Mississippi’s growing economy.”
According to Alden Group officials, the new Smith County location is a strategic move that will put the company closer to its suppliers.
“After considering multiple locations for Alden Group’s next facility, we made the decision to invest in Raleigh, Mississippi, and the greater Smith County region,” Alden Group President Richard Thayer explained. “We are pleased to provide new jobs to the area and will build our workforce by leveraging the diverse talent in Smith County.”
Smith County will be assisting with the project while the Mississippi Development Authority (MDA) provides additional aid for road improvements.
“MDA’s ongoing efforts to support businesses like Alden Group reap dividends when their investments in our communities generate jobs, which strengthen local tax bases and even create indirect jobs as a result of their confidence in our business environment and workforce,” MDA Deputy Executive Director Laura Hipp said. “Alden Group’s partnership with existing poultry processors in Mississippi is creating dozens of new jobs for the citizens of Smith County, and MDA looks forward to the positive impact these jobs and investment will have on the county and Central Mississippi Region for years to come.”
Alden Group officials have released that the company plans to fill the 30 job vacancies incrementally during the ramp-up of the facility, which is expected to be in full operation by the end of 2024.
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