The Effingham County Industrial Development Authority has cancelled its regular monthly meeting, which was to be held today. But it is plenty busy today.

The IDA is entering a serious stage with Project Supreme, a European manufacturing prospect, necessitating the cancellation of today’s normal board meeting.

“We have entered final negotiations with Project Supreme,” IDA Chief Executive Officer John Henry said.

Because of the often sensitive and confidential nature of such talks with prospects, Project Supreme’s true identity has not been disclosed.

Though Henry has said he thinks Effingham is the leading contender to land Project Supreme, there is competition from a neighboring county and from a neighboring state.

Should Effingham land the prospect, it is expected to occupy the land fronting Highway 21 at the IDA’s industrial park at the junction of Highways 21 and 275. The  IDA has sought a headquarters-type operation for that tract, and Project Supreme is expected to make its choice its U.S. headquarters.

Henry estimates the manufacturer, an electrical components maker, could employ approximately 450 people and average annual salaries could reach $50,000. At that anticipated employment level, it would be one of Effingham’s largest employers.

State economic development officials have worked with Project Supreme, and Henry said site selection chief Jim Ewing couldn’t find anything wrong with the site at the Effingham County Industrial Park.