Posts Tagged ‘incentive’

Indictments filed for alleged National Guard recruiting scandal

HATTIESBURG — Twelve current or former Mississippi Army National Guard members have been indicted in cases alleging they swindled money through a program that offers incentives for recruiting new soldiers. Three separate indictments were filed Tuesday in federal court in Hattiesburg alleging soldiers improperly collected a total of $22,500 and that the illegal acts took […] [...]

KiOR retains investment bank to explore sale or restructuring

COLUMBUS — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena, Texas, announced it had hired Guggenheim Partners in a yesterday stock filing. KiOR’s cash level is unclear, but the company […] [...]

Amory boat maker expanding, adding 30 new jobs

AMORY — NauticStar will expand its Monroe County factory to build larger boats, adding 30 jobs. The recreational boat maker, which currently employs 130, announced its plans yesterday. The privately-owned 12-year-old company says it will invest $460,000 to add 20,000 square feet, connecting two buildings that currently total 160,000 square feet. NauticStar President Phil Faulkner […] [...]

Chiquita got $15M in incentives to move back to Louisiana

GULFPORT — Chiquita Brands International Inc. is returning to New Orleans from Mississippi after nearly 40 years. Chiquita, then called United Brands, left New Orleans for Gulfport in the mid-1970s after more than 70 years in New Orleans. It is one of the Port of Gulfport’s top four tenants, according to that port’s website. “This […] [...]

Kemira unveils plans for plant expansion in Aberdeen

ABERDEEN — Global chemicals company Kemira is expanding its dry polymer manufacturing operations in Aberdeen. The project represents a corporate investment of $13.9 million and will create six direct jobs. “Kemira is very pleased with our recent acquisition of the Aberdeen site, and we are quickly implementing our first expansion project to our initial dry […] [...]

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 […] [...]

Lumber processor awarded tax exemption

by Published: February 5,2014

Tags: Anderson-Tully Co., exemption, free port, incentive, lumber, tax

VICKSBURG — Anderson-Tully Co. will see an $826,869 drop in taxes after the company was given a “free port warehouse” exemption. Since 2003, the state has allowed counties to phase out the property tax levied on goods shipped out of state. The phase-in would be over 10 years to reduce the impact of the loss […] [...]

Lawmakers pass bills to increase corporate tax breaks

JACKSON — Businesses could be in line for more incentives in Mississippi, in addition to the more than $100 million in new tax breaks the Legislature has passed over the past two years. The House Ways and Means Committee passed three bills yesterday that would increase the use of corporate-income-tax breaks for companies that relocate […] [...]

MDA offering tax incentives to outlet mall developers

SOUTHAVEN — After four years on the drawing board, the Outlet Shops of the Mid-South is moving a closer to reality with approval of $33.9 million in state subsidies. State officials say the Mississippi Development Authority approved developers’ application for sales tax incentives. Jeff Rent, a spokesman with the MDA office in Jackson, tells The […] [...]

Pharmaceutical maker lays off workers; could owe state money

DEKALB — A Kemper County drug maker has laid off about 75 employees, leaving questions about its future and whether it has to repay economic development money. Pharma Pac LLC made the layoffs Dec. 19, according to a notice filed with the Mississippi Department of Employment Security. Kemper County Economic Development Authority Executive Director Craig […] [...]

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