Posts Tagged ‘incentive’

Enerfab unveils plans for yet another expansion

NATCHEZ — Enerfab Inc. plans a second expansion in less than a year at its Enersteel operation in Natchez. The $10-million investment, announced yesterday, is projected to create at least 45 jobs, raising the company’s employment total above 150. That comes on top of an $11-million, 20-job expansion announced in May. The company opened its […] [...]

Program rewards growers for safe food-handling practices

ACROSS MISSISSIPPI — The Mississippi Department of Agriculture and Commerce is currently offering a cost-share program to provide financial assistance to Mississippi fruit and vegetable farmers receiving Good Agricultural Practices (GAP) and Good Handling Practices (GHP) Certification. Eligible farmers will receive reimbursement for 75 percent of the certification costs up to a maximum of $500. […] [...]

Study says Nissan subsidies total $1.33B; MDA says overestimated

CANTON — A study paid for by the United Auto Workers finds state and local governments may provide Nissan Motor Co.’s Mississippi plant with nearly $850 million in tax breaks over 30 years, plus $400 million in cash aid. The report estimates Mississippi will pay $90 million in interest on money borrowed to aid Nissan, […] [...]

Supervisors want to borrow money for future development

STARKVILLE — Oktibbeha County supervisors have passed a resolution to let the public know it will borrow $5 million when needed to support an economic development opportunity. Supervisors took the action this week at the urging of the Golden Triangle Development LINK, a local economic development group. The county would borrow the money by issuing […] [...]

County watching special session, needs jobs

CLAY COUNTY — Lawmakers are meeting in special session today to consider incentives to bring a Japanese tire manufacturer to Clay County. Yokohama Tire Corp. would make industrial tires for trucks and tractors. In a House committee meeting today, lawmakers were told the state would borrow $70 million to buy land, build infrastructure and train […] [...]

Lawmakers say special session concerns tire manufacturer

CLAY COUNTY — Gov. Phil Bryant is calling lawmakers back to the Capitol tomorrow for what many hope will be a quick a special session to lure an auto parts maker to the state. Bryant has released few details about the project, beyond saying it’s for Mississippi’s “automobile corridor.” Several lawmakers say an international company […] [...]

County offering incentives for new manufacturing plant

COLUMBUS — Lowndes County will apply for $6.6 million in grants and loans to support the location a facility for a building material manufacturer. Golden Triangle Development Link CEO Joe Max Higgins said CalStar Products would create at least 58 jobs and possibly up to 100 within the next three years. CalStar opened a plant […] [...]

Manufacturer expanding plant, adding new jobs

PELAHATCHIE — Multicraft International, manufacturer and supplier of automotive components for domestic automakers, is expanding its operations in Pelahatchie to accommodate an increase in production. The project represents a company investment of $250,000 and will create 30 new jobs, according to the Mississippi Development Authority (MDA). “Multicraft is experiencing significant growth as U.S. manufacturing, particularly […] [...]

Firm that owes state millions files for bankruptcy

by Associated Press Published: March 11,2013

Tags: bankrupt, bankruptcy, distribtution, economic development, incentive, interest, loan, warehouse

MERIDIAN — A Texas company that Mississippi officials say owes the state $3.5 million has filed for bankruptcy, complicating collection efforts. Handy Hardware, a hardware wholesale cooperative, announced in November it was closing its two-year-old Meridian warehouse. By then, the Houston company had missed an October interest payment to Capital One Financial Corp. and defaulted […] [...]

SoS reports steady growth in new businesses

JACKSON — The number of new businesses forming in Mississippi shows an upward trend of steady growth, according to a report from the Secretary of State’s Office. “As we move past this economic recession, more and more businesses want to set up shop in Mississippi, and the numbers show it,” Secretary of State Delbert Hosemann. […] [...]

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