Home » NEWS » Economic Development (page 199)

Economic Development

CNBC: KiOR 'bleeding cash'

Update: Today (Jan. 27) KiOR announced that it has closed a $75 million four-year term loan with a lender group comprised of an affiliate of Vinod Khosla and two Canadian corporations owned by certain pension fund clients of Alberta Investment Management Corporation (AIMCo). KiOR is listed along with Achillion Pharmaceuticals, Sears Holdings and Rite Aid as companies that “are expected ...

Read More »

Carter Commentary: Getting us back to 'Made in America'

Is there an assembly line somewhere that turns out these tired opposition party responses to State of the Union addresses? Year after year, it doesn’t matter whether the chief executive delivering the speech is a Democrat or Republican, within minutes of the speech’s completion the worn-out rhetoric begins. Which brings us to Tate Reeves, Mississippi’s new lieutenant governor. The president, ...

Read More »

Prentiss lands precast concrete plant, 40 jobs

Prentiss will gain 40 jobs when precast concrete products manufacturer Foley Products Co. opens a plant in the Jefferson Davis County city later this year. The project represents a company investment of more than $7 million, officials said. The company’s new Prentiss location will enable the company to better serve its customers and allow for future growth, Foley Products said. ...

Read More »

Startup Weekend for entrepreneurs coming to Jackson

Startup Weekend Jackson to be held Feb. 10-12 at Millsaps College Startup Weekend is an intense 54-hour, high-energy event powered by the Kauffman Foundation that operates worldwide and brings together like-minded entrepreneurs for a weekend of company creation. As a nonprofit program, it is designed to build entrepreneurial communities and promote collaboration among entrepreneurs, programmers, developers, graphic artists and business-minded ...

Read More »

Wanted: Replacement for Parkway’s downtown leadership

The coming departure of Parkway Properties from Jackson leaves a leadership void for downtown causes, says Ben Allen, president of the Downtown Jackson Partners, a public-private partnership created to promote and facilitate downtown’s revitalization. Parkway’s executive corps brought a “care factor” that will be hard to replace, Allen said. “As far a losing the emotional capital, I can’t sugar coat ...

Read More »

Clarksdale’s new fixed-up look has a familiar face

Ten years after setting out to add a spark to downtown Clarksdale’s revitalization with the opening of the Madidi restaurant and Ground Zero Blues Club, Bill Luckett likes what he sees. “I’m very excited. There’s a lot of development of downtown Clarksdale going on now,” says Luckett, who figures he and business partner Morgan Freeman, the Academy Award winning actor, ...

Read More »

Luckett, Freeman reach crossroads, decide to sell Clarksdale’s Madidi

Lawyer Bill Luckett and actor Morgan Freeman have decided to end their 10-year run as owners of Clarksdale’s Madidi Restaurant, a fine dining establishment that joined with Luckett and Freeman’s Ground Zero Blues Club to help make the Delta town a destination for visitors seeking a taste of Mississippi’s blues heritage. Other commitments have been piling up on the partners ...

Read More »

Travel Channel highlighting Jackson cuisine in 'Man vs. Food’

“Travel Channel’s “Man Vs. Food” host Adam Richmand recently made a swing through Jackson to shoot footage for the show at Burgers and Blues, Chimneyville, 2 Sisters and the Coffee Roastery. The program will televise nationwide in early summer, says Ben |Allen, president of Downtown Jackson Partners, a downtown revitalization and promotions agency. Also, Travel Channel’s Andrew Zimmern, host of ...

Read More »

Report: State has ways to go in monitoring jobs incentives

A new report by Good Jobs First, a non‐profit, non‐partisan research center based in Washington, D.C., gives Mississippi a C- in a state-by-state assessment of how states monitor, verify and enforce the terms of job subsidies granted private companies as economic development incentives. The report titled Money‐Back Guarantees for Taxpayers: Clawbacks and Other Enforcement Safeguards in State Economic Development Subsidy ...

Read More »

Parkway's exit from Jackson market seen as needed step

Parkway Properties’ planned exit from office markets in Jackson, Memphis and Richmond, Va., gets a thumbs-up from analysts who call the market departures an overdue course correction. The consensus is the self-administered real estate investment trust is giving itself its best chance for success by leaving tertiary, or secondary, markets for core markets that can bring higher returns. With Parkway’s ...

Read More »