New Way Trucks will bring 120 new jobs to Prentiss County through a $4 million expansion project announced Wednesday.
The company will open additional manufacturing operations in a 66,000-square-foot facility purchased by Prentiss County where employees will manufacture and fabricate parts and sub-assemblies, as well as conduct research and new product development.
The new expansion comes almost two years after the company announced in October 2019 it would locate operations in the former Wolverine Tube building in the Booneville/Prentiss Industrial Park where they now manufacture a full line of refuse trucks designed for the collection of residential and commercial solid waste.
The newly announced jobs will be added at both Booneville facilities.
“We have been so pleased with the partnerships created with the State of Mississippi, MDA, Prentiss County, and the City of Booneville that increasing our presence here was an easy decision. The skilled workforce and business-friendly climate here in northeast Mississippi are key to helping New Way meet our planned growth strategies and to support our growing customer base across North America and beyond,” said New Way Trucks CEO Mike McLaughlin.
The Mississippi Development Authority is providing assistance for building upgrades. MDA also certified New Way Trucks for the Advantage Jobs Rebate Program, which is available for eligible businesses that create new jobs exceeding the average annual wage of the state or county in which the company locates or expands. Prentiss County and the Tennessee Valley Authority also are assisting with the project.
New Way Trucks expects to begin operations in the new facility by the end of the year and plans to fill the new jobs over the next two years.
“Mississippi boasts a strong portfolio of business advantages, all of which assist in keeping companies like New Way Trucks competitive in today’s marketplace. Mississippi’s strongest advantage is our people, who are committed their employer’s success just as much as their own. That can-do spirit pays off tremendously when companies are ready to grow, and we thank the New Way Trucks team for again recognizing the benefits of a Mississippi location and bringing these new jobs to Prentiss County,” said Gov. Tate Reeves.
“New Way Trucks has quickly become part of the Prentiss County family. The fast and successful ramp-up of new operations, quality products being manufactured locally and the company’s commitment to being active in the community has the Prentiss County Board of Supervisors excited about the future of our county and New Way Trucks. The Board welcomes this expansion and vows continued partnership for the future,” said Matt Murphy, President, Prentiss County Board of Supervisors.
“The city of Booneville is proud of the success that New Way Trucks has had and excited about their growth. The capital investment and great-paying jobs being added are a testament to the quality of our workforce. The Board of Aldermen and I thank New Way for their commitment to doing business in our great city,” said Chris Lindley, Mayor, City of Booneville.
“Prentiss County continues to see progress. The local workforce has proven its capability and dependability to New Way’s leadership and in response, the company is adding investment and jobs to Prentiss County. This project’s success benefitted from a strong partnership for progress which included: County officials, City officials, the State of Mississippi, TVA, ARC, Northeast MS Community College, NEMPDD and others. It takes many partners playing many roles to foster a competitive environment for economic development and we are winning in Prentiss County. At an average of $50,000 per year, these new career opportunities will make a significant impact. PCDA Thanks the McLaughlin family and all of New Way’s team for their commitment to our area,” said Prentiss County Development Association Executive Director Leon Hays.
“The strong manufacturing workforce found in Prentiss County stepped up to the plate to get to work for New Way Trucks when the company announced it was locating in Booneville nearly two years ago. Since then, employees have worked hard for the company, producing some of the best refuse and recycling vehicles in the industry. That dedication to a job well done, combined with their strong manufacturing skills, played a significant role in the company’s decision to grow so quickly in north Mississippi,” said MDA Executive Director John Rounsaville.
“TVA and Prentiss County Electric Power Association congratulate New Way Trucks on its decision to expand operations in Booneville. It is always an exciting day when we can celebrate a company’s continued commitment to growth in the Valley. We are proud to partner with Prentiss County Development Association, Prentiss County, city of Booneville, and Mississippi Development Authority to help companies, like New Way Trucks, create job opportunities and growth in the region,” said TVA Senior Vice President of Economic Development John Bradley.