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Economic Development

Race on for Jackson hotel Go-Zone bonds; some councilmen want new developer bids

TCI Realty of Dallas, a prospective partner with the City of Jackson on a convention center hotel, is racing the clock to gain a $70.1 million share of Mississippi’s tax-exempt Gulf Opportunity Zone bonds before they expire Dec. 31. Meanwhile, the nearly $100 million project faces a council increasingly skeptical about inheriting a development partner from a previous mayoral administration ...

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99 Percenters in Smith Park channel voice of populist Yarbrough

The young folks who have gathered in Jackson’s Smith Park every day since early October likely never heard of Ralph Webster Yarborough. They’re carrying on his work, though. The late “People’s Senator” from Chandler, Texas, left Washington as the last of a breed of public official — one who could get elected by speaking and working of behalf of just ...

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BlueFire Renewables lands financing MOU for Fulton project

— BlueFire Renewables lands financing MOU for Mississippi bioenergy project, 5 others Biofuels Digest reports today that California-based BlueFire Renewables has entered into a Memorandum of Understanding with China Huadian Engineering Co. to finance its integrated Power Plant and Biorefinery in Fulton, Miss. and up to five additional plants in the United States. Under the MOU, Huadian will invest equity ...

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Miss. lacks healthy food distribution model

>> A look at healthy food distribution in and out of Mississippi Mississippi’s achievement of “fattest state in the nation” for seven years running is an economic problem. In addition to significant health care costs to treat chronic illnesses like Type II diabetes and heart disease, the productivity lost due to poor health defies calculation. A large part of the ...

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Big dollars await states with cyber sales tax collections

You can bet a $300 million windfall would cheer up Mississippi’s Revenue Estimating Committee when it convenes this month to set estimates on state collections of taxes and fees. The $300 million is the National Conference of State Legislatures’ estimate on the amount of money Mississippi loses each year by not taxing certain online and catalog sales. So why not ...

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Online sales tax collections would entail revamp of state system

Forcing online retail giants like Amazon and Overstock to collect sales taxes from customers would require a tradeoff that Mississippi is not yet prepared to make. On one hand, the state could gain in the neighborhood of $300 million annually. But on the other, it would need to revamp its sales tax system to meet the specification set by Congress, ...

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Study: Georgia immigration law brought crop losses of $181M

Georgia’s new law cracking down on undocumented migrant workers in the state caused eight of 10 growers of perishable fresh fruit and vegetable crops to see labor shortages this spring, a Georgia Department of Agriculture survey found. An analysis of the survey by the University of Georgia put overall losses to the agricultural industry at more than $180 million and ...

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Shifting sand

Barrier islands’ health crucial to economy Two of the state’s four barrier islands, which are the keys to both the Coast’s ecology and economy, are in jeopardy, and state and federal agencies are now in a race with time and nature to reverse the damage. The operation is focused on the most threatened island, Ship Island, but authorities are also ...

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Mississippi agriculture industry vows new fight against migrant crackdown

With Southern governors and legislatures in a hurry to enact strict immigration enforcement measures, worries have arisen across the region that farm crops will wither in the fields without enough migrant workers to harvest them. That prospect has set up a potential fight in Mississippi between legislators who want to take a hard line against undocumented immigrant workers and agricultural ...

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