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Economic Development

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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Development in distressed times is CCIM forum topic

Development in a downturn will be addressed Thursday, April 26, when commercial real estate professionals from all corners of Mississippi gather in Jackson for a forum organized by the Mississippi Chapter of CCIM. Registration is still being accepted for the three-hour workshop titled “Development in a Downturn: From the Ground Up to Distressed Development.” The forum begins at 1 p.m. ...

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Alabama regaining jobs more quickly than Georgia or Mississippi

Alabama still has some worrisome jobless numbers in many of its counties but its overall unemployment of 7.3 percent for March should make it the envy of the two states that it is sandwiched between — Georgia (9 percent unemployment for March) and Mississippi (9.5 percent unemployment for February). Though Georgia and Mississippi both have some distance to go to ...

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Song by Legendary Mavis Staples takes shots at Tea Party, 'birthers' at MEC annual meeting

Mississippi blues singer Mavis Staples mixed her music and strong political opinions into a song that directed her disappointment at people “who disrespect our president” by saying he’s not from here. Then she talked about people who are mixing up the Kool Aid but it’s coming out tea. Whatever party they’re having, she has not been invited to, the singer ...

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Innovative business ideas to take stage at Tech Alliance’s Venture Challenge

The Mississippi Technology Alliance (MTA) will present the Fifth Annual Mississippi New Venture Challenge May 22 at the Jackson Convention Complex. The New Venture Challenge is a business plan competition that provides an opportunity for aspiring innovators and technology entrepreneurs to pitch their business plan in a rapid-fire format to a panel of angel investors and also be paired with ...

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