Olive Branch, Miss. – Soladigm, a developer of high-tech materials for energy efficient glass windows, announced that it will invest $130 million to build a factory in Olive Branch, where it expects to create about 300 jobs that will pay between $18 to $25 an hour.
To attract the company here, the State of Mississippi is providing a $40 million loan and another $4 million of incentives for project improvements. Founded in 2007, Soladigm is currently operating a pilot production line at its headquarters in Milpitas, Calif.The company is backed by around $40 million of venture capital investment from Khoshla Ventures and Sigma Partners. In June, the U.S. Department of Energy also provided Soladigm with a $3.5 million stimulus grant.
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