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Economic Development

Mississippi: Electric car maker makes overdue loan payment

Mississippi officials say an electric car maker has made an overdue payment on its state loan. Jeff Rent, a spokesman for the Mississippi Development Authority, said Wednesday GreenTech Automotive made a $150,000 payment this week. The state extended until Monday the deadline for the first payment on a $3 million state loan, originally due June 30. The loan agreement calls ...

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Lyons named CEO of Mississippi Gulf Coast chamber

The Mississippi Gulf Coast Chamber of Commerce, Inc. has announced Adele Lyons the next Chief Executive Officer. Prior to accepting this position, Lyons served as the Director of Development and Communication for Habitat for Humanity of the Mississippi Gulf Coast since 2010. Her experience with overseeing fundraising and grant writing efforts, donor relations, volunteer management, speaking experience, and marketing and ...

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Smith Park renovation begins with cutting of trees

By JACK WEATHERLY A number of trees, some diseased some dead, were removed over the weekend as the start of $2.5 million plan to renovate Smith Park in downtown Jackson. The park in recent years has become an oasis with problems. It is a home base for the homeless, whose presence day and night discourages use of it by the general ...

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BILL CRAWFORD: State economy struggles to hit half the national growth rate

State economists lower forecast for remainder of year,” read the Mississippi Business Journal headline on October 27th. “Mississippi’s state economists have pulled back on an already-weak economic forecast for the rest of 2016, projecting that the state’s economy will grow only 1.5 percent instead of the 1.6 percent previously predicted,” said the story.   “U.S. economy roars back, grew at ...

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D.C.-based tax policy group has ear of legislative leaders

By BOBBY HARRISON The study committee formed in the summer by House Speaker Philip Gunn and Lt. Gov. Tate Reeves to make recommendations to the full Legislature on possible changes to the state tax structure apparently will depend on the Washington D.C.-based Tax Foundation for most of its information. The specially appointed committee, consisting of legislators and a representative of Gov. ...

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Delta State furls Mississippi’s Confederate-themed flag

The last of Mississippi’s eight public universities has stopped displaying the state flag that prominently features the Confederate battle emblem. Delta State University President Bill LaForge announced the decision Thursday. He said the university acted because state government hasn’t moved to change the flag. The university called for a different state banner in 2015, and LaForge said again Thursday that ...

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Despite TIF, Costco store not done deal yet

By JACK WEATHERLY  The game is not over for the proposed Costco Wholesale store in Ridgeland. Plaintiffs are still trying to block the store, which they contend would disrupt traffic and devalue residential property in the vicinity. A tax rebate of up to $30 million that apparently had been granted through a state program for what developers said was the ...

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Natchez receives 28 applications for convention director

Nearly 30 candidates have applied to be the next director of the Natchez Convention and Visitors Bureau. Mayor Darryl Grennell tells The Natchez Democrat 28 applications have been submitted and are currently being reviewed by the committee charged with vetting applicants. The director position was left vacant after former director Kevin Kirby was terminated in April following ongoing personnel issues ...

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MISSISSIPPI 100 — State’s entrepreneurs have had success, but mistakes may await

By TED CARTER Mississippi has a lengthy history of growing small private businesses into huge ones, a track record economic development professional Robert Ingram attributes to a combination of risk-takers, nurturers and possibly “something in the water.” “Mississippi has done a tremendous job of creating entrepreneurs and growing them into major players in the field,” says Ingram, a semi-retired economic development ...

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