Auto parts manufacturer Edelbrock announced today it will move its headquarters from California to DeSoto County, saying it will bring 200 new jobs to Mississippi.
The Mississippi Development Authority says it has committed up to $1 million in grant funding to help the company with building costs for the Olive Branch facility. The project totals $14.4 million in corporate investment, according to MDA.
“Along with the great popularity of the automotive performance industry in the Mid-South, Mississippi’s fantastic business climate, highly skilled workforce and strategic logistical competitiveness make our state the perfect home for Edelbrock, perhaps the most legendary name in the world of automotive performance,” MDA Executive Director John Rounsaville said in a statement.
Edelbrock recently merged with Olive Branch company COMP Performance Group, which already had locations in DeSoto County and the greater Memphis area. The newly formed Edelbrock Group will have 80 headquarter jobs and 120 manufacturing positions. The company will also maintain 90 existing Olive Branch warehouse jobs.
Edelbrock says it will fill the 200 new positions over the next three years.
The City of Olive Branch, DeSoto County and the Tennessee Valley Authority are also helping finance the project.
Edelbrock specializes in the production of upgrade parts such as superchargers, carburetors, and electronic fuel injection systems.
“Edelbrock and our family of brands are iconic innovators in the performance automotive aftermarket, and we are excited to call north Mississippi home for the next chapter of our company’s 83-year history,” Edelbrock president Tim Jones said in a statement. “Olive Branch and DeSoto County offer everything that we value in a location, and we are excited to become an active and valued member of the local community.”