Posts Tagged ‘economic development’

Town signs lease deal with biofuels company

GLOSTER — The town of Gloster has signed a lease with Drax Biomass International for its Amite BioEnergy wood pellet plant. The Enterprise-Journal reports that the 15-year lease calls for the company to pay the town $8,000 per year for the first 10 years and $9,000 for the next five. There are options to continue [...] [...]

County borrowing to buy land from alternative fuels company

NATCHEZ — Adams County will borrow the $9 million it now needs to buy the former International Paper property from Rentech. County officials announced earlier this week they had reached a deal with Rentech for the 478-acre property. Officials tell the Natchez Democrat the board of supervisors will adopt a resolution to issue bonds for the [...] [...]

Tire executives say plant needed to meet global demand

WEST POINT — Executives with Yokohama Rubber Co. Ltd. say they will build a new tire plant in Mississippi because they see a global supply shortage for tires. State and company officials gathered Monday at the Ritz Theater & Conference Center in West Point to celebrate the company’s plans to build a factory. Later, Gov. [...] [...]

County watching special session, needs jobs

CLAY COUNTY — Lawmakers are meeting in special session today to consider incentives to bring a Japanese tire manufacturer to Clay County. Yokohama Tire Corp. would make industrial tires for trucks and tractors. In a House committee meeting today, lawmakers were told the state would borrow $70 million to buy land, build infrastructure and train [...] [...]

Lawmakers say special session concerns tire manufacturer

CLAY COUNTY — Gov. Phil Bryant is calling lawmakers back to the Capitol tomorrow for what many hope will be a quick a special session to lure an auto parts maker to the state. Bryant has released few details about the project, beyond saying it’s for Mississippi’s “automobile corridor.” Several lawmakers say an international company [...] [...]

Lawmakers to return for special session on mystery project

JACKSON — Gov. Phil Bryant says he’s calling lawmakers to the Capitol late this week for a special session on an economic development project. He said today that the session will begin at 10 a.m. Friday. He didn’t give specifics about the project, but said it will create needed jobs for the state. He said [...] [...]

Economic developer: 4G network will boost county

NORTH MISSISSIPPI — AT&T has expanded it 4G LTE network in Northwest Mississippi. AT&T 4G LTE coverage now includes parts of Batesville along Highway 6, Sardis and South Oxford. AT&T launched 4G LTE in Oxford Dec. 18, 2012, and the expanded coverage is part of its ongoing rollout across the market. “The addition of a [...] [...]

Governor to call special session, related to automobile corridor

JACKSON — Gov. Phil Bryant said yesterday that he will call lawmakers into special session to deal with an economic development project in what he calls the state’s auto corridor. The Commercial Appeal reports Bryant talked about the special session when he was in Oxford for a groundbreaking on an unrelated project. Bryant said he’s [...] [...]

McAuliffe gone, GreenTech works to fulfill loan terms

by Clay Chandler Published: April 19,2013

Tags: Automotive, economic development, GreenTech Automotive, Horn Lake, MDA, Smart Car, Terry McAuliffe, Tunica

GreenTech Automotive has until the end of 2014 to create a minimum of 350 jobs at its Tunica facility, per the terms of a $3-million loan the Mississippi Development Authority made the company. The loan, made in September 2011, is to help the hybrid car company with site preparation and what an MDA spokesperson called [...] [...]

County offering incentives for new manufacturing plant

COLUMBUS — Lowndes County will apply for $6.6 million in grants and loans to support the location a facility for a building material manufacturer. Golden Triangle Development Link CEO Joe Max Higgins said CalStar Products would create at least 58 jobs and possibly up to 100 within the next three years. CalStar opened a plant [...] [...]

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