IP wins $30 million in bonds with funding from GO Zone

International Paper will receive an additional $30 million in revenue bonds made possible by the Katrina-inspired Gulf Opportunity Zone legislation passed by Congress.

Warren County supervisors agreed Monday to issue the bonds for the company after plant officials expressed the need for new equipment and improvements to its mill on Mississippi 3.

Ongoing improvements to boilers, tanks, roads and rails, water systems and electrical stations were financed by a $20 million GO Zone bond issue in which the county participated in 2006. More >