JACKSON — The state Senate has passed a bill to provide help to the cut-and-sew industry in Mississippi.
The bill, passed March 11, would provide a $2,000 tax credit for each new cut-and-sew employee hired in the ailing furniture industry.
The legislation now goes back to the House for consideration of Senate changes.
Supporters of the bill tells [...] [...]
JACKSON — Mississippi lawmakers have passed a $50-million bond bill to attract a company that might build solar panels in the state.
The bill passed the House Thursday. It had cleared the Senate Feb. 24.
House Ways and Means Committee Chairman Percy Watson says state economic officials are keeping details about the project confidential, including the name [...] [...]
GREENVILLE — The state fire marshal’s office will join the investigation into a fire in a building at a herbicide plant in Greenville.
WABG-TV reports that the fire broke out about 6 p.m. yesterday at the Platte Chemical Co. after what authorities say was a small explosion.
A nearby neighborhood was evacuated for a short time while [...] [...]
HATTIESBURG — Ablitech has moved its laboratories and offices into the The Garden. Ablitech Inc. CEO Ken Malone made the announcement March 10
“Our early success in developing Versadel, a potential cure for cancer, created a need for work space for a dozen researchers,” said Lisa Kemp, Ablitech’s chief science officer. “We’re pleased to have found [...] [...]
TUNICA — A German company broke ground on a $300-million pipe manufacturing plant today in Tunica County, kicking off a development that officials believe will have far-reaching economic benefits.
“It’s not only huge for Tunica County, but it’s huge for the entire state of Mississippi, especially the Mississippi Delta,” said Larry Liddell, public information officer for [...] [...]
FLORA — To better serve the needs of southern farmers, Monsanto has broken ground on a new corn breeding station in Flora.
The 26,000-square-foot, $2.4-million corn breeding station, located in the Flora Industrial Park, will employ approximately 10 full-time and up to 50 seasonal workers. Corn production in the southern region has been growing in [...] [...]
PONTOTOC — H.I.G. Capital, LLC, a global private equity investment firm based in Miami, announced that an affiliate has acquired Albertville Quality Foods (AQF) and Southern Quality Meats (SQM). Terms were not disclosed.
AQF and SQM provide specialized further processing services for protein-based products.
The companies specialize in poultry- and pork-based products, and focus on complex, quick [...] [...]
NEW YORK — CF Industries Holdings Inc. said late last week that it has begun its unsolicited $4.8-billion offer for fertilizer company Terra Industries Inc., which has already accepted a buyout offer from a Norwegian company.
Chemical maker CF, based in Deerfield, Ill., March 2 offered $37.15 in cash and nearly one-tenth of a share of [...] [...]
WASHINGTON — Sen. Thad Cochran (R-Miss.) has asked President Obama to provide Congress with greater details about his administration’s initiative to strengthen the manufacturing sector in the United States.
Cochran was among 11 senators who this week sent a letter to the President seeking more information about his plan, titled “A Framework for Revitalizing American Manufacturing.” [...] [...]
LEE COUNTY — Lawn care equipment manufacturer MTD Products Inc. has announced a $6.25-million expansion of its operation in Lee County. Officials say the company will add 107 new jobs.
The company’s expansion into the 525,000-square-foot former Eljer Plumbingware building includes the introduction of a new mower platform and the addition of injection molding capabilities. Operations [...] [...]
