Commercial and industrial building modernization service provider OSB Services LLC has announced plans to invest $9.2 million to move its headquarters to Mississippi.
The Memphis-based company released that the corporate investment is expected to create 116 jobs in its new location in Olive Branch.
“Now is the ideal time to invest in Mississippi. Companies looking to locate or expand operations here will find the workforce and infrastructure they need to grow and prosper,” Governor Tate Reeves said. “I’m excited to add OSB Services to the growing list of manufacturers that have recognized just how much Mississippi has to offer.”
OSB Services provides building modernization on commercial and industrial levels through mechanical, electrical, plumbing, and elevator services. It also offers structural steel components and prefabricated piping.
“We are excited to relocate OSB Services’ home to Olive Branch, Mississippi. The city of Olive Branch has proven to be a business-friendly community with very little crime,” OSB Services CEO Andy Osborne stated. “This move would not have been possible without the help of Gov. Tate Reeves, MDA, DeSoto Economic Council and the city of Olive Branch.”
The Mississippi Development Authority (MDA) is providing assistance through the Mississippi Flexible Tax Incentive, or MFLEX. The city of Olive Branch and DeSoto County also are assisting with the project.
“Bringing new and established companies into our local communities creates a stronger, more prosperous state by creating jobs and building an experienced workforce,” MDA Deputy Executive Director Laura Hipp explained. “The investment and significant number of jobs OSB Services is bringing to DeSoto County will contribute to the local economy and surrounding region for years to come.”
When OSB Services started in the 90s, DeSoto County just wasn’t big enough to sustain its business.
But that’s no longer the case, and that’s why the company is moving from Memphis to Mississippi, investing $9.2 million, and creating 116 jobs here at home.
This is Mississippi’s… pic.twitter.com/rI48eljbIe
— Governor Tate Reeves (@tatereeves) September 15, 2023