Posts Tagged ‘economic development’

September 5th Digital Edition

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HomeStretch expanding operations, adding new jobs

NETTLETON — Furniture manufacturer HomeStretch Inc. is expanding its manufacturing and warehouse space in Nettleton and adding 60 new jobs. HomeStretch makes upholstered reclining furniture in Nettleton. After the expansion, HomeStretch will have 250 employees in Nettleton. Based in Nettleton, the company has been in operation since early 2010. The Mississippi Development Authority provided assistance […] [...]

EDA awards grant as county recovers from tornado

WINSTON COUNTY — The Economic Development Administration (EDA) has awarded a $100,000 grant to support the development of a comprehensive land use plan to help tornado-damaged Louisville and Winston County build its economic base. The EDA Economic Adjustment Assistance grant was awarded to the Golden Triangle Planning and Development District (GTPDD) for a $125,000 project […] [...]

Caroline Cowan made marketing associate at Parkway Development

Caroline W. Cowan is the new marketing associate for VIP Suites of Parkway Development Inc. in Ridgeland. She is a Texas native with experience in the hospitality industry. Cowan earned her degree in hospitality management at the University of Mississippi. [...]

KiOR: Money will run out next of money month, bankruptcy possible

COLUMBUS — Struggling biofuel firm KiOR says in a financial filing that it will run out of money by September and that bankruptcy could follow. The company, which built a refinery in Columbus to turn wood chips into synthetic oil, owes Mississippi $69.4 million. The Mississippi Development Authority has agreed to delay payments until the […] [...]

Philips Lighting expanding, adding 50 new jobs

TUPELO — Philips Lighting Co. will add 50 new jobs in a $2 million expansion of operations at its facility in Tupelo. The company says in a news release that it is expanding its product lines to include incorporating LED technology made at the company’s San Jose, California, facility into the Tupelo facility’s production line-up. […] [...]

MDOT study: State’s airports generate $2.5B-plus in economic activity

ACROSS MISSISSIPPI — According to a recent study by the Mississippi Department of Transportation (MDOT), the state’s 73 airports generate more than $2.5 billion annually in economic activity, provide vital connectivity links enabling businesses to function more efficiently and improve the quality of life for residents in airport communities. “This study indicates how substantial the […] [...]

Barefoot Carriers investing, creating jobs in Ripley

RIPLEY — Barefoot Carriers is expanding its operations in Ripley. Officials say in a news release yesterday that the project represents a $2 million corporate investment and will create 25 new jobs. The expansion involves the addition of 12 trucks and trailers, new equipment, and the extension of the company’s truck and trailer parking and […] [...]

Great River Industries moving headquarters to Natchez

NATCHEZ — Great River Industries, formerly known as Enersteel, is expanding its operations in Natchez by locating its corporate headquarters there and adding 12,000 square feet of manufacturing space. The project represents a corporate investment of $4 million and will create 25 new jobs. Additionally, the company will retain the facility’s existing 150 employees. Great […] [...]

McCarthy hired as CFO of Mississippi Development Authority

JACKSON — Mississippi’s lead economic development agency has hired a new chief financial officer. The Mississippi Development Authority said Jay McCarthy will begin work on Aug. 1. McCarthy comes to his new post with nearly 30 years of experience in finance, banking and economic development. McCarthy is returning to the agency after serving for five […] [...]

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