Posts Tagged ‘incentive’

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 […] [...]

C Spire breaking ground for new data center

STARKVILLE — C Spire has scheduled a ground-breaking ceremony today for a new data center in Starkville. Ridgeland-based C Spire plans complete construction on the first phase in November 2014, when customers would begin using the center. Mississippi State University’s Thad Cochran Research Park will host the 22,400-square-foot first phase. Two more phases are planned. […] [...]

Siemens Energy adding workers at Richland plant

RICHLAND — Siemens Energy Inc. has added 40 new jobs at the central Mississippi plant where it makes high-voltage transmission equipment. Mississippi Development Authority says in a news release that the jobs are for the production of transformers. Employment is now about 400 at the plant in Richland. Gov. Phil Bryant and other officials gathered […] [...]

Lumber company expanding, adding new workers

BALDWYN — Maple Land and Timber has announced the company is expanding its operation located near Baldwyn. The plant, which operates as American Land and Timber, will produce lumber for export to overseas markets. The expansion includes the addition of a new sawmill and the construction of a 20,000-square-foot facility. The project represents a $1.95 […] [...]

Conveyor component-maker cuts ribbon for expanded plant

CLARKSDALE — Gov. Phil Bryant and officials from Metso cut the ribbon this past weekend on the company’s expanded operations in Clarksdale. Metso announced in September 2012 it would increase its conveyor component operations at the Clarksdale location. The project represents a $4-million company investment, and it created 30 new jobs and retained 61 jobs, […] [...]

City, county hope data processing facility announcement comes soon

STARKVILLE — Starkville and Oktibbeha County officials are hoping for an announcement as early as October on a proposed $20 million data processing facility. The Commercial Dispatch reports that Joey Deason, Oktibbeha County’s representative with the Golden Triangle Development Link, said a tentative announcement date of Oct. 3 has been set for what is called […] [...]

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