Posts Tagged ‘incentive’

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 […] [...]

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 […] [...]

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