Posts Tagged ‘Mississippi Development Authority’

Medical transportation company opening operation/call center

JACKSON — A Missouri company is opening a location in Mississippi to provide non-emergency medical transportation. MTM Inc. plans a transportation operation and call center in a north Jackson office building that will hire 80 people. The company is investing $400,000. The Mississippi Development Authority contributed $50,000 for building upgrades, as well as workforce training. […] [...]

Two more malls approved for tax money to expand

FLOWOOD and RIDGELAND — Mississippi taxpayers could help pay for two more malls that squeezed in approvals before a law allowing sales tax subsidies expired June 30 The Mississippi Development Authority approved applications in June for $29.6 million in tax money to expand Renaissance at Colony Park in Ridgeland and $48.8 million to build Pinelands […] [...]

KiOR retains investment bank to explore sale or restructuring

COLUMBUS — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena, Texas, announced it had hired Guggenheim Partners in a yesterday stock filing. KiOR’s cash level is unclear, but the company […] [...]

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 […] [...]

Biofuel manufacturer KiOR begins layoffs at Columbus plant

COLUMBUS — Biofuel maker KiOR is laying off employees as it idles its Mississippi refinery, intensifying questions about the future of the cash-strapped company. The company said yesterday that it has cut 18 employees. KiOR, based in Pasadena, Texas, said 55 employees remain at the Columbus plant. “Given the company’s limited cash flow, we do […] [...]

MEI tour aims at landing chemical manufacturers

JACKSON — The Mississippi Energy Institute, partnering with the Mississippi Development Authority and seven local economic development organizations, recently led a tour from the Gulf Coast to the Delta evaluating potential sites for chemical manufacturing facilities. The MEI-led tour signaled the start of a marketing effort the organization hopes will lead to chemical manufacturing companies […] [...]

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 to lead trade delegation to Southeast Asia

JACKSON — The Mississippi Development Authority will lead a delegation of Mississippi companies on a business development mission to Southeast Asia from Aug. 25-29. MDA officials say in a news release that the trip will include stops in the Philippines, Singapore and Vietnam. MDA executive director Brent Christensen says opportunities exist in the region for […] [...]

Amory boat maker expanding, adding 30 new jobs

AMORY — NauticStar will expand its Monroe County factory to build larger boats, adding 30 jobs. The recreational boat maker, which currently employs 130, announced its plans yesterday. The privately-owned 12-year-old company says it will invest $460,000 to add 20,000 square feet, connecting two buildings that currently total 160,000 square feet. NauticStar President Phil Faulkner […] [...]

MDA to lead business delegation to Israel

JACKSON — Representatives from the Mississippi Development Authority will lead a delegation of Mississippi companies on a business development mission to Israel in the fall. The Sept. 14-19 trip will focus on aerospace, defense and related industries and will include participation in the 5th Annual Israel Unmanned Systems 2014. MDA Executive Director Brent Christensen said […] [...]

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