Posts Tagged ‘Mississippi Development Authority’

Source: McCullough a leading candidate for MDA job

        By JACK WEATHERLY Glenn L. McCullough Jr., former mayor of Tupelo and chairman of the Tennessee Valley Authority board, is a leading candidate to become 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 […] [...]

MDA’s Brent Christensen leaving for Greensboro (N.C.) Partnership

By JACK WEATHERLY Mississippi Development Authority Executive Director Brent Chistensen is leaving the post he has held for three years to become president and chief executive of the Greensboro (N.C.) Partnership. During Christensen’s tenure, more than 17,000 jobs were created and more than $2.43 billion incorporate investment was made, according to an MDA release. A […] [...]

Southern Motion expanding in Baldwyn

MBJ staff Reclining furniture manufacturer Southern Motion is expanding operations at its facility in Baldwyn. The project represents a $600,000 investment and will create 60 jobs during the next 12 months, according to a release issued on Thursday.mm This expansion will bring employment at the facility to 235. Southern Motion also has operations in Pontotoc,  […] [...]

WE’RE IN THE TOP 5 — Mississippi a leader as more women are becoming business owners

By LYNN LOFTON  Women-owned businesses are flourishing in Mississippi and the facts prove it. These businesses increased by 81 percent between 1997 and 2014, according to a study conducted by American Express OPEN, earning the state a spot among the top five states in the country. This growing percentage is part of an ongoing American […] [...]

Haley Barbour: Kemper plant will rival Grand Gulf’s performance

By JACK WEATHERLY  Former Gov. Haley Barbour predicts that Mississippi Power Co.’s Kemper County coal-powered plant will in the long run rival the performance of Entergy’s Grand Gulf nuclear plant in Port Gibson. “Grand Gulf took more than twice as long to build and cost more than twice as much [as originally planned].  And after it […] [...]

ASA postmortem: industrial recruiting is a constant cycle of death and life

By JACK WEATHERLY  Raising $1.2 billion for an industrial project can be a daunting task, if not a deal killer. For economic developers in Mississippi, American Specialty Alloys’ protracted and secretive efforts in that regard became an issue that ultimately sent the project south to Pineville, La. American Specialty started out last year with a […] [...]

(UPDATE) Aluminum maker, recruiter still at impasse on $1.2 billion project

By JACK WEATHERLY  The impasse between American Specialty Alloys and Golden Triangle economic development officials has not eased. The startup aluminum maker with offices in Columbus that says it will build a $1.2 billion mill — somewhere — is “pulling up stakes” and heading for Alexandria, La., Joe Max Higgins, executive director of Golden Triangle […] [...]

Mississippi takes an incentives licking, keeps on ticking

By Jack Weatherly If the Pew Charitable Trusts gave Mississippi the stick in 2012, it seems to be trying the carrot this time. Mississippi economic development officials thought the respected independent nonprofit organization was harsh in its assessment of how the state was tracking its incentives. “It sounded like like they were unfairly indicting the […] [...]

Judge names receiver for KiOR plant, but tax payment unclear

JACKSON — A Lowndes County judge has appointed a receiver to watch over KiOR’s Columbus biofuel refinery, as owners and creditors seek a buyer. Chancery Judge Kenneth Burns on Monday named Derek Henderson, a Jackson lawyer who serves as a trustee in bankruptcy cases, as the receiver for the plant. The move came at the […] [...]

Chinese delegation coming to Tupelo Furniture Market

TUPELO — A delegation from China is visiting the Tupelo Furniture Market on Feb. 4-6 to learn more about furniture products made in the United States. Bill Martin, director of the Franklin Furniture Institute at Mississippi State University, says in a news release that China’s demand for American-made upholstered furniture has increased and consumers are […] [...]

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