Posts Tagged ‘Marlo Dorsey’

Source: Bryant has offered Glenn McCullough MDA job

By JACK WEATHERLY Glenn L. McCullough Jr., former mayor of Tupelo and chairman of the Tennessee Valley Authority board, has been offered the job as the next executive director of the Mississippi Development Authority, according to a source familiar with the situation. McCullough said in a telephone interview with the Mississippi Business Journal  Thursday afternoon that “the MDA […] [...]

TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?

By JACK WEATHERLY  Is Mississippi better off than it was three years ago? That’s a fair enough question when it comes to measurable matters such as jobs created and money invested. The answer is: depends on whom you’re asking. And what you’re asking. When the Mississippi Development Authority announced April 8 that Brent Christensen  was […] [...]

State’s ventures into alt-fuel markets net few jobs

Update: An earlier version of this article misstated that Khosla had controlled three companies, which was reflected in a headline.     By Jack Weatherly Solar-panel maker Stion Corp. is the only one of three alternative-energy companies that received a total of about $175 million in loans, plus other financial backing from the state of Mississippi […] [...]

KiOR says Miss. seeks to destroy it in court ploy

JACKSON — Bankrupt biofuel maker KiOR and controlling shareholder Vinod Khosla say the state of Mississippi is using legal tactics in an attempt to squeeze money from the company. KiOR, based in Pasadena, Texas, fired back Thursday at the Mississippi Development Authority’s December call to convert KiOR’s case from Chapter 11 reorganization into Chapter 7 […] [...]

KiOR could owe state entire $69.4M debt plus interest

COLUMBUS — Mississippi has warned biofuel maker KiOR that it could demand immediate repayment of the company’s entire $69.4 million debt to the state, plus $8 million in interest, if the company doesn’t make its loan payment before a grace period runs out. Marlo Dorsey, a spokeswoman for the Mississippi Development Authority, said the state […] [...]

Deadline passes and state receives no payment from KiOR

COLUMBUS — Mississippi officials say they didn’t get any money from faltering biofuel firm KiOR on Friday, the deadline for the company to make a $1.9 million debt payment. KiOR, based in Pasadena, Texas, has a grace period of three business days to make the payment, so it wouldn’t officially break its agreement until midnight […] [...]

Judge rules against MDA’s regulations on offshore leases

GULF OF MEXICO — A Hinds County judge says the state must write a better economic impact statement on proposed offshore natural gas and oil exploration in parts of the Mississippi Sound before it can enact rules to lease areas that could be drilled. “A cursory reading of the EIS finds that it is severely […] [...]

Protesters possible at New York picnic over religious freedom law

NEW YORK — Opponents of a Mississippi law could be like ants at the state’s annual New York picnic. Those protesting the Mississippi Religious Freedom Restoration Act, which takes effect July 1, say it could sanction discrimination against gays and lesbians. Oxford chef John Currence and others will host a Big Gay Mississippi Welcome Table […] [...]

MDA tabs nine industrial sites for development grants

by Published: February 21,2014

Tags: Brent Christensen, Business, Marlo Dorsey, Mississippi

The Mississippi Development Authority has awarded nine site development grants to economic development entities throughout the state. The matching grant program assists nonprofit economic development organizations or local governments in preparing available greenfield sites for industrial development. The program is open to all economic development organizations and units of local government. The MDA’s Grants Review […] [...]

Leaders dispute report on unspent Katrina aid

MISSISSIPPI GULF COAST — Mississippi officials said millions of dollars in federal aid still unspent years after Hurricane Katrina doesn’t spell trouble with the recovery effort, disputing a watchdog report that found among things that jobs’ creation was still lagging at the Port of Gulfport. Reacting to an Associated Press examination of the $847 million […] [...]

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