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Tag Archives: Marlo Dorsey

Emerald Home Furnishings plans furniture plant in New Albany

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NEW ALBANY — Emerald Home Furnishings announced Wednesday that it will open an upholstered furniture factory in New Albany, investing more than $2 million and hiring 150 workers. The company, based in Seattle, Washington, will move into a building formerly occupied by furniture component manufacturer Hickory Springs, which closed its New Albany plant in June 2012. Federal, state and local ...

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Mississippian Glenn McCullough Jr. gets nod as new MDA chief

Glenn McCullough takes over as the head of the Mississippi Development Authority Monday, June 8.

By TED CARTER An executive search that never left Mississippi has led to the appointment of Glenn L. McCullough Jr., former mayor of Tupelo and chairman of the Tennessee Valley Authority board, as executive director of the Mississippi Development Authority. Speaking to luncheon guests at the Mississippi Economic Council’s annual meeting, Gov. Phil Bryant said he kept the search within ...

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MDA to close all its regional offices

The Mississippi Development Authority will close all eight regional offices around the state effective June 30. Eleven positions will be eliminated, 10 of which are currently filled, said Jeff Rent, public relations and media manager for the agency. The offices are located in Senatobia, Tupelo, Greenwood, Meridian, Summit, Hattiesburg and Gulfport, as well as Jackson. The agency employs about 300. ...

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Source: McCullough a leading candidate for MDA job

        By JACK WEATHERLY Glenn L. McCullough Jr., former mayor of Tupelo and chairman of the Tennessee Valley Authority board, is a leading candidate to become executive director of the Mississippi Development Authority, according to a source familiar with the situation. McCullough said in a telephone interview with the Mississippi Business Journal  Thursday afternoon that “the MDA is very important ...

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TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?

By JACK WEATHERLY  Is Mississippi better off than it was three years ago? That’s a fair enough question when it comes to measurable matters such as jobs created and money invested. The answer is: depends on whom you’re asking. And what you’re asking. When the Mississippi Development Authority announced April 8 that Brent Christensen  was resigning his job as executive ...

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State's ventures into alt-fuel markets net few jobs

Update: An earlier version of this article misstated that Khosla had controlled three companies, which was reflected in a headline.     By Jack Weatherly Solar-panel maker Stion Corp. is the only one of three alternative-energy companies that received a total of about $175 million in loans, plus other financial backing from the state of Mississippi that actually has employees today. ...

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KiOR says Miss. seeks to destroy it in court ploy

JACKSON — Bankrupt biofuel maker KiOR and controlling shareholder Vinod Khosla say the state of Mississippi is using legal tactics in an attempt to squeeze money from the company. KiOR, based in Pasadena, Texas, fired back Thursday at the Mississippi Development Authority’s December call to convert KiOR’s case from Chapter 11 reorganization into Chapter 7 liquidation. “The motion reflects a ...

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KiOR could owe state entire $69.4M debt plus interest

COLUMBUS — Mississippi has warned biofuel maker KiOR that it could demand immediate repayment of the company’s entire $69.4 million debt to the state, plus $8 million in interest, if the company doesn’t make its loan payment before a grace period runs out. Marlo Dorsey, a spokeswoman for the Mississippi Development Authority, said the state sent the letter yesterday. “Due ...

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Deadline passes and state receives no payment from KiOR

COLUMBUS — Mississippi officials say they didn’t get any money from faltering biofuel firm KiOR on Friday, the deadline for the company to make a $1.9 million debt payment. KiOR, based in Pasadena, Texas, has a grace period of three business days to make the payment, so it wouldn’t officially break its agreement until midnight Wednesday. A spokeswoman for KiOR ...

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Judge rules against MDA's regulations on offshore leases

GULF OF MEXICO — A Hinds County judge says the state must write a better economic impact statement on proposed offshore natural gas and oil exploration in parts of the Mississippi Sound before it can enact rules to lease areas that could be drilled. “A cursory reading of the EIS finds that it is severely lacking in the requirements,” Chancery ...

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