Posts Tagged ‘economic development’

CHARLES RAFFERTY: Securing (or taking back) your identity

by Published: May 2,2014

Tags: Business, economic development, Mississippi

The Federal Trade Commission recently reported in its Consumer Sentinel that identity theft complaints increased to 369,132 for the year ended December 31, 2012.  This appears to be a small number; but it grew by 25% over 2011.  As with other fraud schemes, experts generally agree that identity theft is extremely under-reported for a number […] [...]

Bryant signing kills sales tax rebates for new retail developments

A stroke of Gov. Phil; Bryant’s pen April 23 brought to a close Mississippi’s short-lived experiment in granting sales tax rebates to new retail shopping as a way to boost visitor numbers and create jobs. The Mississippi Development Authority so far has awarded up to $155 million in potential subsidies for three shopping malls since […] [...]

Passing the test … Mississippi’s economic development incentives must now prove their worth

The Pew Charitable Trusts has moved Mississippi to the front of the class among states with effective strategies for evaluating the value of taxpayer-supported incentives for economic development. Mississippi’s elevation to national leader from Pew’s laggard list just two years ago comes after Gov. Phil Bryant’s signing last week of House Bill 1365, the Economic […] [...]

Sanderson Plumbing set to lay off three quarters of its 230-person workforce

COLUMBUS, Mississippi — Three-quarters of the 230-person workforce at bankrupt toilet seat maker Sanderson Plumbing Products are out of a job by the end of this week unless an investor steps in with money to keep the company running. The layoffs likely would have occurred already but for a federally required 60-day plant closing notice […] [...]

Two Delta groups getting economic development funding

MISSISSIPPI DELTA — The Economic Development Administration has awarded funds to two planning and developing groups in the Mississippi Delta. U.S. Rep. Bennie Thompson, D-Miss., made the announcement in a news release yesterday. The South Delta Planning and Development District will receive $189,000. The district provides services in Bolivar, Humphreys, Issaquena, Sharkey, Sunflower and Washington […] [...]

Pharma Pac lays off rest of workers; could end up owing state

DEKALB — A Kemper County drugmaker has laid off most of its remaining employees, making it likely that it will shut down while owing the state economic development money. A notice filed with the Mississippi Department of Employment Security reports Pharma Pac laid off 84 employees from its DeKalb facility on March 7. Kemper County […] [...]

Acco Brands investing $1.6M, adding 162 workers

BOONEVILLE — Acco Brands will add a 162-employee call center at its Booneville factory and distribution center. The company announced the $1.6 million investment yesterday. The state of Mississippi will give Acco $150,000 to modify a building, and the Tennessee Valley Authority will also assist. The company, based in Lake Zurich, Ill., makes office supplies […] [...]

New law on taxing methods hailed as big win for businesses

The Mississippi Economic Council completed a victory lap over passage of its priority tax legislation by having Gov. Phil Bryant sign House Bill 799 at the close of the business organization’s annual meeting and luncheon last Thursday. At the prodding of the MEC and other business groups, lawmakers crafted HB799 to counter the effects of […] [...]

Panther Creek’s location in medical industry zone boosts bio-med prospects

by Published: April 17,2014

Tags: Business, economic development, Madison County, Mississippi

Canton’s Panther Creek Commerce Center has an attraction no other Mississippi mega site can offer — inclusion in a state Health Care Industry Zone. The nearly 2,000-acre tract off Nissan Drive falls within the required five-mile radius of Madison River Oaks Medical Center in Canton. This qualifies prospective medical-related tenants of the megasite for such […] [...]

Panther Creek megasite — Putting a value proposition out there

by Published: April 17,2014

Tags: Business, economic development, Mississippi

Megasites can bring mega worries to the CEOs and directors of companies looking to put a major manufacturing plant or other high-cost facility on one. Once those worries grow to a certain point or linger for too long, the decision makers put the megasite in a folder designated for “uncertain propositions.” A Purgatory like that […] [...]

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