Tag Archives: Mississippi Development Authority

MDA grants KiOR forbearance after biofuels maker defaults on payment

July 3, 2014

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COLUMBUS, Mississippi — In a sign that biofuel maker KiOR Inc.’s money troubles aren’t letting up, the start-up company will make a $250,000 forbearance payment to the Mississippi Development Authority in exchange for 120 days to get current on its nearly $70 million debt to the MDA. KiOR defaulted on a $1.87 million payment that was […]

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Ayrshire announces third expansion of Corinth plant

June 24, 2014

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An electronics manufacturer that bought a plant earmarked for closing six years ago is expanding again. Ayrshire Electronics, a full-service electronics manufacturing company, is expanding operations at its facility in Corinth to accommodate an increase in production. The project represents a $100,000 corporate investment and will create 25 new jobs. In 2008, Louisville, Ky.-based Ayrshire […]

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MDA to sponsor ISPS Handa Cup at Old Waverly

June 4, 2014

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One of Mississippi’s most venerable golf courses will soon play host to legends, and the state is throwing in its support. The Mississippi Development Authority will help sponsor the ISPS Handa Cup, the longest-running tournament on The Legends Tour, at Old Waverly Golf Club. Pitting a team of 12 U.S.-born LPGA Legends against a team […]

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Tower International expanding operations in Meridian

May 29, 2014

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Special to the MBJ MERIDIAN, Mississippi – Gov. Phil Bryant and officials from Tower International, Inc. announced today the company is expanding operations at its facility in Meridian. The project represents a corporate investment of more than $15 million and will create 83 jobs. Tower International is a global manufacturer of engineered automotive structural metal […]

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TanTec Leather to locate tannery operations in Vicksburg

May 12, 2014

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VICKSBURG, Mississippi — Gov. Phil Bryant and officials from ISA TanTec announce the company is locating its first U.S. tannery operations in Vicksburg. The project, which will be known as Mississippi TanTec Leather, Inc., represents a $10.1 million corporate investment and will create 366 new jobs. German-owned TanTec is recognized by the world’s top footwear […]

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Sanderson Plumbing Products to begin sizable layoffs next week

April 24, 2014

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COLUMBUS, Mississippi — Three-quarters of the 230-person workforce at bankrupt toilet seat maker Sanderson Plumbing Products will be out of a job by the middle of next weel unless an investor steps in with money to keep the company running. The layoffs likely would have occurred already but for a federally required 60-day plant closing […]

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Toilet seat maker pitching potential buyers as shutdown looms

March 18, 2014

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A bankrupt toilet seat maker which a dozen years ago was Columbus’ largest manufacturing employer has told workers it will close at the end of April if it does not find a buyer by then. But that date announced by Sanderson Plumbing Products may not be as firm as it sounds, said Joe Max Higgins, […]

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Delta Furniture expansion to add 50 jobs

March 10, 2014

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PONTOTOC, Mississippi – Upholstered living room furniture manufacturer Delta Furniture Company is expanding operations at its Pontotoc, plant to accommodate an increase in production. The project represents a $520,000 corporate investment and will create 50 new jobs. This will be Delta Furniture’s second expansion in five years in Pontotoc. The Mississippi Development Authority help with […]

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Tourism officials to gather for ‘MTA Day at the Capitol’

March 4, 2014

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The tourism agency will take center stage tomorrow in the Capital City. The Mississippi Development Authority’s Tourism Division will join the Mississippi Tourism Association for “MTA Day at the Capitol.” Beginning tomorrow at 2 p.m. in the rotunda of the State Capitol Building in Jackson, tourism professionals from around the state will converge to tout […]

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Bill’s demise ends state pot sweeteners for retail development

February 14, 2014

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Mississippi’s tourism tax development incentives failed to gain enough legislative support for renewal this week and will expire July 1, ending the state’s practice of awarding tens of millions of dollars as incentives for development of shopping malls and retail plazas. The Mississippi Development Authority so far has awarded up to $155 million in potential […]

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