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Economic Development

'18-year overnight success story'

In 1993, a small business opened in Madison with little fanfare. With a single employee and one product housed in a tiny, 1,800-square-foot facility, even the company’s founder and CEO did not envision that company, Cypress Pharmaceutical Inc., would one day employ more than 100 workers in a sprawling, 60,000-plus-square-foot complex in Gluckstadt and have product in every pharmacy in ...

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Death on the half-shell: Flood could kill 90 percent of state's oysters

Another major disaster is facing Mississippi, and this one could totally wipe out Mississippi’s oysters. If that happens it could be months — perhaps years — before another oyster is harvested in Mississippi waters. The historic Mississippi River flood has dumped so much freshwater into the Mississippi Sound that scientists are concerned that there will be no harvest season this year. ...

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Ordinance would set stage for truck-side cuisine in Jackson

City Councilman Quentin Whitwell has cooked up an idea he thinks will add to Jackson’s “coolness” quotient and give an economic boost to boot. Whitwell, the Ward 1 rep who took office after a special election earlier this year, wants to see food trucks flood the city to offer passersby cooked-on-the-spot cuisine. The food trucks affectionately known for decades as ...

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Fondness for creative, diverse foods fuels mobile vendor craze

California gave us McDonald’s more than five decades ago. Now that our tastes have matured way past quick-serve burgers on a sesame seed bun, the Golden State is exposing us to cuisines of all cultures – from a roadside truck. The food truck trend started in Los Angeles and has spread to the East Coast and points in between since ...

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Hotel execs mixed on seeing success for convention hotel

Now city must decide whether a hotel represents a significant financial exposure or a significant opportunity Jackson’s convention hotel conundrum started the day crews went to work readying property on the south side of Pascagoula Street for construction of the Convention Center Complex. Once that work started in earnest, Jackson’s elected officials committed themselves to someday having to make a difficult decision: ...

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Repealing ethanol subsidies

How would an eventual tax credit repeal affect Mississippi ethanol producers, the ag industry and consumers? By Amy McCullough The U.S. Senate cast a symbolic vote yesterday to end the multi-billion dollar  subsidy to corn ethanol producers that has   been in effect for three decades. The repeal is an amendment that will be tacked onto a bill which won’t likely ...

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Miss. manufacturing report card

Posted by Amy McCullough According to Ball State University calculations, Mississippi gets an A in diversification and F’s in human and venture capital on its manufacturing report card. The 2011 Manufacturing and Logistics Report Card, prepared by Ball State’s Center for Business and Economic Research (CBER), reviews several areas, including manufacturing and logistics health, human capital, cost of benefits, global ...

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GE: Solar cheaper than fossil power in 5 yrs

By Amy McCullough I was recently shocked to read a Bloomberg story titled, “GE Sees Solar Cheaper Than Fossil Power in Five Years.” General Electric Company’s global research director said, “If we can get solar at 15 cents a kilowatt-hour or lower, which I’m hopeful that we will do, you’re going to have a lot of people that are going ...

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