Mississippi Business Journal » incentives

Saf-T-Cart expanding operations for second time in five years

MBJ Staff — Tue, 27 Mar 2012 19:11:54 +0000

CLARKSDALE — Saf-T-Cart, manufacturer of steel welding carts and storage products for various commercial and industrial applications, is expanding its operations in Clarksdale in order to accommodate an increase in production, according to the Mississippi Development Authority (MDA). The project represents a company investment of $240,000 and will create 20 new jobs. The company currently [...]

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House committee passes bill aimed at improving filmmaking incentives

Associated Press — Wed, 07 Mar 2012 16:05:38 +0000

JACKSON — Mississippi legislators are hoping to raise the caps on the state’s rebate incentives for film production. A bill that would make the change passed the House Ways and Means Committee yesterday and moved to the full House for consideration. The state’s current film incentives apply to feature films, narrative and documentary shorts, commercials [...]

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State, county offering $76M in incentives to SiliCorr

Associated Press — Tue, 06 Mar 2012 16:37:26 +0000

LOWNDES COUNTY — The state of Mississippi is offering $60 million in incentives and Lowndes County is kicking another $16 million for infrastructure improvements to support an operation that will melt gravel into silicon for everything from cosmetics to cellphones and computer screens. In return, the company, called SiliCorr, would invest $500 million in the [...]

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Milwaukee Electric Tool building new distribution facility

MBJ Staff — Thu, 01 Mar 2012 15:46:20 +0000

OLIVE BRANCH — Milwaukee Electric Tool, manufacturer of portable electric power tools and accessories, is expanding its presence in north Mississippi by constructing a new, larger distribution center in Olive Branch. The project represents a company investment of $8 million and will create 25 new jobs, according to the Mississippi Development Authority (MDA). “The new [...]

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Following ‘The Help,’ county approves new incentives for filmmakers

Associated Press — Wed, 29 Feb 2012 15:03:56 +0000

LAUDERDALE COUNTY — Following the success of “The Help” and its impact on the Delta, Lauderdale County is hoping to attract some filmmakers. WTOK-TV reports the Lauderdale County Board of Supervisors has approved an extra tax incentive for film and production companies. The proposal offers a 1 percent rebate of the 2.5 percent special tourism [...]

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Luvata expanding production at Grenada plant; creating 20 new jobs

MBJ Staff — Mon, 27 Feb 2012 18:16:35 +0000

GRENADA — Luvata is expanding production capabilities at its Grenada facility in order to pursue new market opportunities. The Mississippi Development Authority (MDA) reports the expansion represents a company investment of $1 million and will create 20 new jobs. This latest expansion marks the company’s second in Grenada in under a year. In August 2011, [...]

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Peanut processor seeking state funds for plant expansion

Associated Press — Wed, 15 Feb 2012 17:59:31 +0000

ABERDEEN — Birdsong Corp. wants another $1 million from Mississippi to expand its peanut processing plant in Aberdeen. “We want a grant and we want the state to participate,” general manager Gerald Garland told a House Appropriations subcommittee yesterday. The Mississippi Development Authority, though, is cool to the idea. Kathy Gelston, MDA’s chief financial officer [...]

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Louisville Railcar Repair breaks ground, creating 30 new jobs

MBJ Staff — Tue, 14 Feb 2012 13:50:56 +0000

LOUISVILLE — Officials from Louisville Railcar Repair, contract manufacturer and repairer of rail cars, broke ground yesterday on its new facility at the site of the transload rail facility in Louisville. The project, which will consist of repair, paint and welding facilities, represents a company investment of $1.3 million and will create 30 new jobs. [...]

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Kimberly-Clark sites distribution facility

MBJ Staff — Thu, 19 Jan 2012 13:59:24 +0000

SOUTHAVEN — Kimberly-Clark Corporation is locating a distribution facility in Southaven, which will employ more than 100 workers and represents a capital investment of approximately $2 million, according to the Mississippi Development Authority (MDA). Kimberly-Clark’s facility will be used to distribute medical devices and products, and it will be located in more than 500,000 square [...]

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TVA increases EnergyRight cash incentive payments

MBJ Staff — Sun, 16 Oct 2011 22:34:38 +0000

NORTH MISSISSIPPI — The Tennessee Valley Authority and local electric utilities are offering a 100 percent increase in cash incentive payments to businesses and industries that participate in the EnergyRight Solutions for Business and Industry program. Effective immediately, TVA will increase the cash incentive payment from 5 cents to 10 cents for each kilowatt-hour saved [...]

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