Supervisors moving forward on bonds for Powersite
Published: March 6,2013
WEST POINT — The board of supervisors has started the process toward issuing up to $10 million in bonds for development of the Prairie Belt Powersite in northern Clay County.
The Daily Times Leader reports officials with the Golden Triangle Development LINK had requested that the board be ready to issue bonds when a major industry decides to locate to Clay County.
The decision came after a public hearing Monday drew no opposition.
“The success that we have seen economically here throughout the region, Clay County is now a part of it,” said county economic developer Ron Maloney.
“That’s partly because we’re proactive in not reactive. We requested this bond issuance (to have) the ability to be able to move quickly and concisely when an opportunity comes. .Instead of being 90 days behind and chasing, we’re actually ahead and can show and demonstrate to whatever company that is that this county is able to do what it says it’s going to do and do it quickly.”
Maloney said the money will be used specifically for sewer, water and other infrastructure services that are needed at the site.
Officials said the bond authority will be available for two years before it expires.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Yarber could be sworn in today as new Jackson mayor
- After review, MSU moves forward on new research facility
- Ole Miss launches commitment to be 'climate neutral'
- Pharma Pac lays off rest of workers; could end up owing state
- SpaceX, Stennis officially open new rocket test stand
- Acco Brands investing $1.6M, adding 162 workers
- Gulf LNG terminal mulling export opportunities
- Secretary of State's Office transitioning to new location