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Mississippi: Electric car maker makes overdue loan payment

Mississippi officials say an electric car maker has made an overdue payment on its state loan. Jeff Rent, a spokesman for the Mississippi Development Authority, said Wednesday GreenTech Automotive made a $150,000 payment this week. The state extended until Monday the deadline for the first payment on a $3 million state loan, originally due June 30. The loan agreement calls ...

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New Pepsico facility will bring 60 jobs to Leflore County

Pepsico is coming to Leflore County and bringing with it 60 new jobs. The Greenwood Commonwealth reports the announcement of the construction of a new warehouse and distribution facility, which should be operational by mid2017, was made this week by Jennifer Ryan, director ofcommunications for the soft drink giant. Wayne Self, president of the Leflore County Board of Supervisors, said that luring Pepsico was a 24month effort. Construction on the warehouse, located on U.S. 82 West, is underway.

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Tire plant breaks ground amid concerns over local contracts

Mississippi and Continental AG leaders are celebrating the start of construction of the German company’s $1.45 billion tire plant west of Jackson. But U.S. Rep. Bennie Thompson added his voice at the ceremonial groundbreaking Thursday to those concerned about steering as much of the construction work as possible to local and minority-owned businesses. The plant is supposed to grow to ...

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Sanderson, other producers sued for alleged price-fixing

By JACK WEATHERLY  Sanderson Farms Inc. and 14 other poultry producers have been sued in federal court for alleged price-fixing. The producers control 90 percent of the nation’s broiler output, valued at $30 billion annually, according to the lawsuit filed in the U.S. District Court for the Northern District of Illinois. Broilers constitute 98 percent of the chicken meat in ...

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If Raytheon gets jet contract, assembly plant in Meridian

Raytheon Co . says that if it gets an Air Force contract to build 350 training jets, its assembly plant will be in Mississippi. The Waltham, Massachusetts-based company announced Monday that it has a shovel-ready site in Meridian. “We anticipate the Meridian facility will create hundreds of new jobs,” spokesman B.J. Boling said in an email. A Raytheon radar factory in Forest, Mississippi, ...

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Cuba opportunities, pitfalls dominate MDA trade summit

By JACK WEATHERLY The Republic of Cuba was depicted as a land of opportunity for Mississippi businesses, though with a heightened sense of risk. About 150 people attended the “Doing Business in Cuba Summit” on Thursday at the South Warehouse in Jackson. Speakers at the Mississippi Development Authority event told of a country struggling to emerge from more than a half-century ...

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Avery Products to keep distribution center in Meridian

Avery Products Corp. says it plans to keep its distribution center in Meridian. The Meridian Star reports the company announced Monday that it plans to invest $1 million in its Meridian distribution facility for building improvements and to increase material handling efficiencies. Last September, the company had said it would move the distribution center to the Dallas area in 2017. ...

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UPDATE: $100 million venture in Ellisville commits to creating 150 jobs by 2020

By JACK WEATHERLY Praxair Surface Technologies Inc. and GE Aviation on Monday announced a $100 million joint venture, PG Technologies LLC, in Ellisville. The project is expected to increase employment at the former GE Aviation facility to 250 by 2020, with the potential to grow to 400 jobs. It currently employs 100, according to an email in response to a question ...

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He’s No. 1: Engineer is first Mississippi plant employee

On a 900-acre site that will eventually host a tire factory employing up to 2,500 people, civil engineer Zach Morrow is the lone ranger for now. Hired Aug. 8, the 28-year-old is Continental AG’s first employee at the plant it’s building west of Clinton. “I couldn’t be any more proud to be not just a part of it, but to ...

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Metro Jackson emerging as force in advanced manufacturing automotive category

By TED CARTER Jobs in the metro regions of Jackson and Nashville relating to the automotive industry grew faster than anywhere in the country the past two years, a Brookings Institution analysis of advanced manufacturing found. Metro Jackson’s strong growth in auto-related manufacturing was enough to place it third nationally for growth in overall advanced manufacturing, behind only San Francisco and ...

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