Posts Tagged ‘economic development’

Automotive industry driving manufacturing activity in Mississippi

by Lisa Monti Published: February 21,2014

Tags: Automotive, Business, economic development, Mississippi

Mississippi’s thriving automotive industry gave the state a boost in employment during January, according to a monthly survey of manufacturing activity in the southeastern states. The Southeast Purchasing Managers Index released by Kennesaw State University reported increased employment and finished inventory in the state. The survey also found that commodity prices increased in January. Overall, […] [...]

Rolls-Royce testing jet engines nonstop at Stennis

by Lisa Monti Published: February 21,2014

Tags: Business, economic development, education, Mississippi, transportation

Jet engine testing at the Rolls-Royce Outdoor Jet Engine Testing Facility at Stennis Space Center has been going almost nonstop for months. The company cut the ceremonial ribbon last October on the second of its outdoor test stands, which represents a $50 million investment, and is filling the last of the 35 jobs that the […] [...]

Gulf Coast’s Infinity Science Center working to attract more visitors

by Lisa Monti Published: February 21,2014

Tags: Business, economic development, education, Gulf Coast, Mississippi, Stennis Space Center

Infinity Science Center is coming up on its second anniversary in April and the emphasis now is on attracting more people by adding exhibits and making the science center more visible, literally. NASA has cleared some trees between the state Welcome Center and Infinity so that I-10 travelers get a better view of the center. […] [...]

Bill’s demise ends state sales tax rebates for retail development

by Ted Carter Published: February 21,2014

Tags: Business, economic development, economy, Legislature, Mississippi

Mississippi’s tourism tax development incentives failed to gain enough legislative support for renewal last week and will expire July 1, ending the state’s practice of awarding tens of millions of dollars as incentives for development of shopping malls and retail plazas. The Mississippi Development Authority so far has awarded up to $155 million in potential […] [...]

MDEQ: Claim of incomplete permit review for silicon plant a ‘guise’ by competitor

by Ted Carter Published: February 21,2014

Tags: Business, economic development, energy, environment, Mississippi

The head of the Mississippi Department of Environmental Quality says an Alabama silicon manufacturer’s claim that the state agency erred in granting an operating permit to competitor Mississippi Silicon Metals lacks merit. Selma-based Alabama Globe Metallurgical Inc. has asked for a formal evidentiary hearing before the MDEQ’s Permit Board. Trudy Fisher, MDEQ executive director, is […] [...]

MEC disputes DOR’s costs estimate on business tax bills

by Ted Carter Published: February 21,2014

Tags: Banking & Finance, economic development, Legal Affairs, Mississippi Economic Council, Politics

A price tag of $7.5 million this year and $25 million next year accompany a pair of pro-business tax apportionment bills that have cleared Mississippi’s House and Senate with overwhelming support. The Republican-sponsored measures, HB 799 and SB 2487, force the Department of Revenue’s to justify basing a multistate company’s taxes on revenue generated in […] [...]

MDA awards funding for site development

ACROSS MISSISSIPPI — The Mississippi Development Authority recently awarded nine Site Development Grants to economic development entities throughout the state. Recipients of Site Development Grant Program funds for 2013 are: Panola Partnership; Washington County; Booneville-Prentiss County; Madison County Economic Development Authority; Winston County Economic Development Partnership; Brookhaven-Lincoln County Chamber and Industrial Development Foundation; Economic Development […] [...]

Senate committee approves transfer of Yellow Creek to state

IUKA — A U.S. Senate committee has approved legislation authored by Sen. Thad Cochran (R-Miss.) to authorize the transfer of property in Tishomingo County to help promote economic development in North Mississippi. The Senate Environment and Public Works Committee approved S.212, a bill to approve the transfer of Yellow Creek Port properties in Iuka from […] [...]

Ex-economic developer indicted for embezzlement

WIGGINS — State Auditor Stacey Pickering reports Jay Paul Gumm, former executive director of the Stone County Economic Development Partnership, has been indicted on one count of felony embezzlement. He was served the indictment by OSA special agents and Stone County deputies Monday. Gumm was previously arrested on Aug. 16, 2013, for embezzlement. As executive […] [...]

Mississippi’s business incubators hatch success stories

by Lisa Monti Published: January 31,2014

Tags: Business, economic development, Mississippi

There are 20-plus business incubators throughout Mississippi nurturing startups until their owners are ready to graduate and leave for their own location. The incubator experience gives the new ventures a boost in longevity. “We do know that when people are part of an incubator organization, they stand an 80 percent chance of succeeding,” said John […] [...]

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