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Economic Development

Rolls-Royce begins work on new jet engine test center at Stennis

Rolls-Royce broke ground Monday on a new $50 million jet engine test facility at the company’s outdoor testing site on the grounds of NASA’s John C. Stennis Space Center. When fully operational, the coastal Mississippi facility is expected to create 35 skilled jobs. James M. Guyette, chairman, president & CEO of Rolls-Royce North America, said the state-of-the-art test facility will ...

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MDA wins national recognition for jobs creation

Job-creation tallies from such projects as Stion’s solar panel plant in Hattiesburg, Chevron’s new premium base oil refinery facility in Pascagoula and Lockheed Martin’s support center in Clinton have helped the Mississippi Development Authority gain national recognition for the second consecutive year from Area Development magazine. The magazine, an economic development publication covering site selection and facility planning, has awarded ...

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General Atomics begins Shannon expansion, expects to add 25 jobs

General Atomics’ Electromagnetic Systems (GA EMS) Group broke ground Wednesday on a $12 million expansion to its existing 127,000-square-foot facility in Shannon in Lee County. The expansion is expected to create 25 additional direct jobs over the next three years. From its Lee County location, General Atomics manufactures, assembles and tests Electromagnetic Aircraft Launch Systems (EMALS), which are used to ...

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Toyota adding 125 jobs at Huntsville, Ala., engine plant

Toyota plans to expand its Huntsville, Ala., engine production facility by investing an additional $80 million and adding at least 125 new jobs, the company announced Friday. The expansion will bring total investment at Toyota’s Alabama plant to more than $700 million and the total number of jobs to more than 1,150. By spring of 2014, the new assembly line ...

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Companies in search of venture capital enter ‘Shark Tank’ Tuesday

  Three dozen Mississippi business innovators will pitch their ideas Tuesday at the “Shark Tank – New Venture Challenge” at the Jackson Convention Complex. This is the 5th annual venture capital challenge presented by the Mississippi Technology Alliance. Presentations will be from 1 p.m. to 5 p.m. and will conclude with a networking seminar at p.m. at which the winners ...

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Pre-cast concrete supplier Foley begins work on Prentiss plant

Pre-cast concrete supplier Foley Products Company broke ground Monday on a new 28,000-square-foot manufacturing plant in Prentiss that will create 40 new jobs The Jefferson Davis County facility represents a $7 million investment by Foley Products. Foley says its move into Mississippi will help the company better serve its customers and allow for future growth. “Mississippi is a key component ...

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Karlson in charge of eco-dev in Greenville, Washington Co.

Greenville and Washington County have a new economic development leader, but he isn’t new to the area. Cary Karlson has spent his whole life there and knows the county and its people well. He became executive director of the Delta Economic Development Center in February after serving in that position on an interim basis. One of his first duties was ...

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Louisiana, Mississippi largest gainers in CEO business climate survey

Louisiana and Mississippi are on a fast track toward gaining rankings as top places in the nation for doing business, a survey published in CEO Magazine found. While Texas continues to be the top-ranked, Louisiana and Mississippi showed the largest one-year gains in rankings, with the Bayou State climbing from number 27 to 13 and Mississippi rising from 38 to ...

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Opinion: Economic development can be a dirty word

In the wake of the Mississippi Business Journal story this week that Mississippi and 28 other states are making no effort to determine the true returns their states are gaining from tax incentives granted businesses in exchange for promises of jobs and capital investments, it’s important to remember if you google “economic development benefits,” you’ll find a plethora of critics ...

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Automotive equipment made in Mississippi recognized around the world

Hunter Engineering Company came to Mississippi in 1976 with a plant in Durant in Holmes County. It made a commitment to have a manufacturing establishment in the state and has not wavered. Additional plants were added in Raymond and Union for this manufacturer of automotive undercarriage equipment — items necessary to keep America’s vehicles operating. Fabrication and assembly of a ...

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