Grammer AG will move its U.S. headquarters from Wisconsin to the Mississippi community of Shannon, opening a factory in this state expected to create up to 650 jobs. The company will invest $30 million over five years, with plans to open the first phase by the end of 2014. The company would hire 350 workers in the first phase and 300 in the second phase, paying an average of $12.50 an hour, or about $25,000 a year.

The company will occupy an 80,000 square-foot building constructed by the Community Development Foundation to attract industry, with plans to expand by 40,000 square feet in a second phase. The Mississippi Development Authority will spend $10.8 million to build out the plant, ship equipment to the site, train workers and help build the second phase. It also will loan $2.7 million to Lee County to buy the building and make other improvements.

The state has pledged $6.2 million to support the second phase, while Lee County has pledged $2.8 million to prepare the site for the second phase.