Posts Tagged ‘incentive’

Villa International sites RV furniture factory in Belmont

BELMONT — A California company will open a recreational vehicle furniture factory in northeast Mississippi, with plans to hire 75 employees over five years. Villa International, based in Cerritos, California, will invest $250,000 to expand into Tishomingo County. It will pay an average annual salary of $35,360. The Mississippi Development Authority will loan Tishomingo County […] [...]

Mars Food expanding Delta plant; investing $31M and adding jobs

GREENVILLE — Mars Food, which makes Uncle Ben’s Rice and other products at its Greenville plant, will invest $31 million to modernize operations and expand research at the plant. The company plans to add 25 jobs to the current 226 full-time and 230 contract workers at the 35-year-old operation. New production workers are expected to […] [...]

Texas company sites warehouse/plant in Southeast Mississippi

SUMMIT — A Houston oil-field services company is locating a new facility in Summit that will warehouse and eventually manufacture drilling fluids for oil drillers in the Tuscaloosa Marine Shale formation. Newpark Drilling Fluids officials say the project will create 40 new jobs. Tuscaloosa Marine Shale formation is located in southwest Mississippi and central Louisiana. […] [...]

Ice Industries expanding Grenada plant, adding 50 jobs

GRENADA — Ice Industries Grenada says it is adding 50 jobs and investing $1.8 million in an expansion. The announcement was made yesterday in Grenada by Gov. Phil Bryant and company officials. The unit of privately-held ICE Industries of Sylvania, Ohio, says it’s making infrastructure upgrades, overhead crane improvements, and shipping and safety enhancements. New […] [...]

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 […] [...]

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. […] [...]

Presley pressing utilities to extend small business incentives

JACKSON — In a series of letters sent to the heads of major Mississippi electric and natural gas utilities, Public Service Commissioner Brandon Presley is calling for the companies to extend the sign-up periods for new small businesses who want to take advantage of the companies’ small business incentive programs. Some utilities’ programs are set […] [...]

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 […] [...]

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