Posts Tagged ‘incentive’

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

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. […] [...]

City officials offer tax breaks to two companies

SOUTHAVEN — Southaven has approved 10-year tax exemptions for two companies that will bring jobs to the city. The Commercial Appeal reports EXCEL and Creedence Holdings, doing business in the city as West Coast Novelty, received unanimous approval from the seven-member Board of Aldermen. Mayor Greg Davis said EXCEL would bring 127 jobs to the […] [...]

Company doesn’t use $1.1M in economic development incentives

NATCHEZ — Economic development authorities were able to secure $1.1 million in grants and rail loans as part of a package to entice Genesis Energy to locate its new loading and unloading terminal in Natchez last year, but in the end that money wasn’t needed. Genesis opened its terminal in the port earlier this year. […] [...]

Mall developers just Bryant’s signature away from tax break

PEARL — The Mississippi House has given final approval to a bill that would provide sales tax rebates to the developer of an $80-million outlet mall scheduled to open in November in Pearl. Senate Bill 2806 passed the House 93-22 and heads to Republican Gov. Phil Bryant. It passed the Senate earlier. The bill would […] [...]

Mall could qualify for tax incentive funds via ‘cultural retailing’

PEARL — The state Senate has passed a bill to add “cultural retail” attractions to the definition of a tourism project so an outlet mall being built in Pearl will qualify for about $22 million in sales tax incentive funds. State Sen. Dean Kirby, R-Pearl, tells The Clarion-Ledger the state will get a lot more […] [...]

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