MP Materials Makes Major Investment in Right to Work Texas
MP Materials is investing an impressive $1.25 billion in Right to Work Northlake, Texas, in order to establish operations here. As a result of this great investment, the company also plans to create 1,500 new jobs. So this is something worth celebrating!
From Area Development Magazine:
“10X is about building industrial strength at a scale the United States has not seen in generations, and the exceptional talent and infrastructure in North Texas make it possible. […] We are advancing key objectives under our public-private partnership with the Department of War and accelerating America’s rare earth and magnet independence with an uncompromising focus on speed, execution, and delivery.” […]
“Hardworking Texans will advance America’s semiconductor manufacturing independence. […] This Texas-sized investment by MP Materials in Northlake will create more than 1,500 corporate, manufacturing, and engineering jobs and dramatically expand domestic manufacturing of rare earth magnets to reduce reliance on foreign supply chains. This expansion in North Texas reflects the strength of our skilled and growing workforce and our advanced manufacturing expertise. Working together with innovative industry partners, Texas will accelerate America’s leadership for decades to come.” […]
“AllianceTexas continues to attract advanced manufacturing that creates jobs, diversifies our economy, and strengthens America’s supply chain. MP Materials has been a strong partner, and this competitive project demonstrates how city, county, and state leaders work together to secure significant new investment in North Texas.”
To read the previous economic update on Right to Work states, click here.