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Economic Development

State wins ‘deal of year’ for landing Continental

Mississippi has been awarded Business Facilities’ 2016 Economic Development Deal of the Year for recruiting Continental Tire’s commercial vehicle tire manufacturing plant to Hinds County. Continental Tire announced in February 2016 it will locate in Mississippi, a $1.45 billion investment creating 2,500 jobs over the next decade. In addition, the project is estimated to create 2,740 indirect and more than ...

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DENNIS SEID: Toyota has reasons for building elsewhere

Last week, President-elect Donald Trump tweeted that if Toyota goes ahead with plans to build the Corolla sedan at a new factory in Mexico instead of the U.S., it could be hit with a “big border tax” when the cars are shipped north. But Toyota – and other automakers – have their reasons for spreading the wealth when it comes ...

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State leaders ponder roads and bridges funding

By JACK WEATHERLY Gov. Phil Bryant and House Speaker Philip Gunn on Thursday told the Mississippi Economic Council that they are open for finding a way to fund a major overhaul of the state’s roads and bridges. But, as they have said numerous times before, neither Bryant nor Gunn favored raising it through increased taxation. Gunn said that as of ...

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COMMERCIAL FINANCE 701 — The outlook in Mississippi for 2017

Michael Lewis’ new book – The Undoing Project – should be the starting point for any projections about commercial finance in Mississippi during 2017.  The book underscores our defective reasoning process that routinely (1) underestimates uncertainty, (2) places too much weight on limited observations, and (3) ignores biases.  With those caveats in mind, we guesstimate the outlook for commercial finance ...

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No plans for future Mississippi picnics in NYC, group says

Organizers say they are not planning to continue the annual picnic that brought Mississippi catfish and blues to New York. The Sun Herald reports The New York Mississippi Society made the announcement on its website. The group says for 36 years, the Mississippi picnic “has been wonderful and a positive thing for all those involved.” But, it says with competition ...

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Gulfport selects Georgia firm for work on planned aquarium

Gulfport officials have chosen a Georgia firm to develop and manage the city’s planned aquarium. The Sun Herald reports that Gulfport’s city council approved the selection of Georgia-based David Kimmel and Kimmel Management Services for the work. The newspaper reports that Kimmel will serve as the aquarium consultant, providing development and project management services and operational planning. Kimmel served as ...

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Laurel Mercantile a “store of curiosity” helping revive downtown Laurel

“It is amazing the kind of life you can live in Mississippi”   By BECKY GILLETTE Three Laurel couples, including one whose HGTV Home Town pilot on renovating historic homes in Laurel had 2.2 million viewers, recently opened a new store downtown, Laurel Mercantile at 414 Front Street, that sells only unique items that have to reach the bar of being such high quality ...

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Project walk-aways and no-shows: the other side of Golden Triangle ledger

By JACK WEATHERLY  John Correnti was thrown out of Joe Max Higgins’ office. Correnti was one of the people that had brought a big steel mill to Columbus. Now he was on to another project in Lowndes County, but, according to Higgins, chief executive of the Golden Triangle Development LINK, things weren’t going smoothly. Correnti was a legend in steel-making. ...

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Mississippi firms reap 42 percent of port contracts

By JACK WEATHERLY  About 42 percent of the dollar amount of  contracts awarded thus far in the restoration and expansion of the Port of Gulfport have gone to Mississippi-based firms. Fifteen Mississippi companies have won contracts valued at about $194 million of a total of approximately $468 million in awarded contracts, according to an analysis by the Mississippi Business Journal ...

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