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Tag Archives: Good Jobs First

Bill's demise ends state pot sweeteners for retail development

Mississippi’s tourism tax development incentives failed to gain enough legislative support for renewal this week and will expire July 1, ending the state’s practice of awarding tens of millions of dollars as incentives for development of shopping malls and retail plazas. The Mississippi Development Authority so far has awarded up to $155 million in potential subsidies for three shopping malls ...

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MBJ ANALYSIS: Businessman promising $1.1 billion steel plant in Arkansas has failed to deliver on big projects announced in Mississippi

John D. Correnti, the businessman Arkansas is counting on to deliver “the largest economic development project in the state’s history,” a proposed $1.1 billion steel mill in Mississippi County in northeast Arkansas, has recently failed to deliver on promises for big projects in Mississippi. Tuesday Arkansas Gov. Mike Beebe announced that Correnti’s Big River Steel LLC, Blytheville, plans to build ...

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MBJ ANALYSIS: Businessman promising $1.1 billion steel plant in Arkansas has failed to deliver on big projects announced in Mississippi

By BECKY GILLETTE John D. Correnti, the businessman Arkansas is counting on to deliver “the largest economic development project in the state’s history,” a proposed $1.1 billion steel mill in Mississippi County in northeast Arkansas, has recently failed to deliver on promises for big projects in Mississippi. Tuesday Arkansas Gov. Mike Beebe announced that Correnti’s Big River Steel LLC, Blytheville, ...

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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 ...

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