Posts Tagged ‘economic development’

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

by 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 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

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 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 […] [...]

California company moving some production to state

SHANNON — General Atomics is relocating some product lines from its Electromagnetic Systems Group to Shannon. The company and Gov. Phil Bryant made the announcement today in Shannon. Bryant says in a news release that the relocation represents an $11 million investment by General Atomics and will create 80 new jobs. The relocated product lines […] [...]

Projects a boost to D’Iberville — Casino approval, new retail growth adding to coast city’s economy

by Published: January 24,2014

Tags: Business, casinos, economic development, gaming, Gulf Coast, Mississippi

Two large projects are in the works that will add to the economic vitality of the city of D’Iberville. A busy interchange of Interstate 10 is located in this Harrison County city and is at the hub of recent retail growth. Now another shopping complex is on the drawing board for the southwest side of […] [...]

Byram mayor believes new Walmart will bring more growth to Jackson suburb

by Published: January 24,2014

Tags: Byrum, economic development, Mississippi, Walmart

Besides being mayor of Byram, Richard White is also a small businessman, operating a tire and auto shop in the young suburban city south of Jackson. But recently announced plans for Walmart to build a new store in Byram doesn’t overly concern him about his business. Despite the normal anti-Walmart grumblings in the background, he […] [...]

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