Wednesday, January 21, 2009

Board OKs tax break for Northrop

PASCAGOULA, Miss. - Jackson County supervisors gave Northrop Grumman a 10-year tax exemption on a portion of $75 million the company spent primarily on Katrina repairs. The exemption would save the company an average of $150,000 a year over the 10 years for a total of $1.5 million. (Source: The Sun Herald, 01/21/09)