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Tag Archives: Mississippi Development Authority

GLENN McCULLOUGH — Powering Mississippi’s economy

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Mississippi’s abundance and wide array of energy resources means we pay less than the national average for residential, commercial and industrial electricity. At the same time, Mississippi’s renewable energy resources are putting our people to work, processing the raw materials and restoring the forestland. Mississippi’s 19.8 million acres of forestland fuels a thriving forest product industry, generating a $12.3 billion ...

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Chemical firm announces 150-worker factory in DeSoto County

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OLIVE BRANCH — A contract chemical maker will open a factory in Olive Branch, with plans to hire 150 people over three years. BPI Packaging of Memphis, Tennessee, will invest $8 million, buying a 291,000 square-foot building formerly occupied by Sherwin Williams. President Bobby Dunn says the facility allows privately-held BPI to expand its product line. The Mississippi Development Authority ...

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MDA reveals clawbacks on TopShip deal

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The Mississippi Development Authority has released to the Mississippi Business Journal the “clawbacks” that TopShip LLC agreed to for state funding and other considerations. The company, which will manufacture boats to service the offshore oil industry at the Port of Gulfport, promised to invest $68 million and create 1,000 jobs. In return, the MDA and the State Port Authority agreed ...

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Mississippi public universities partner with business groups to launch MBEN

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Commissioner of Higher Education Dr. Glenn Boyce has announced the launch of the Mississippi Business Engagement Network, an initiative to connect business and industry to the wealth of university assets housed within Mississippi Public Universities. The initiative has a website, msben.com, to facilitate these connections. “The Mississippi Business Engagement Network serves as a way for business leaders, economic developers and site selectors to ...

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Oakland Frozen food maker Ajinomoto Windsor adding new line, 60 jobs

Frozen food manufacturer Ajinomoto Windsor, formerly known as Windsor Foods, will add 60 jobs with the addition of a new production line at its plant in Oakland. The Yalobusha County project represents a corporate investment of more than $20 million. Ajinomoto Windsor opened its 140,000-square-foot facility in Oakland in 2007 with 250 workers. The company also added jobs in 2010 ...

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$1.34 million expansion will create 40 jobs

  MBJ staff Foamcraft Inc., manufacturer of polyurethane foam insulation products, announced Wednesday a $1.34 million expansion of it operations in Tupelo that will create 40 jobs. Foamcraft will expand into the 115,000-square-foot facility formerly occupied by Fibre Craft. Foamcraft will also continue to operate from its adjacent 75,000-square-foot plant. Mississippi Development Authority provided a $30,000 grant toward modification of ...

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Ceiling tile maker to locate in Marshall County

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MBJ staff Rockfon LLC announced Thursday that it will build a 130,000-square-foot plant in Marshall County to make acoustic ceiling panels, the Danish company’s first manufacturing facility in North America, and create at least 90 jobs over the next five years. The $42 million project will be built adjacent to the existing Roxul Inc. facility, which is located on more ...

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Tissue maker plans Hattiesburg plant, will hire 230-260

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By JACK WEATHERLY Tissue paper manufacturer Sofidel America Corp. announced on Thursday that it bought a building just constructed by another company in Hattiesburg and will hire 230 to 260  workers. Sofidel acquired the new 400,000-square-foot building  in the Hattiesburg-Forrest County Industrial Park From Green Bay Converting Inc., which had intended to set up expanded operations there. Green Bay will maintain operations at its ...

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Developer defends sealing Renaissance documents

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RIDGELAND — The Madison County developer who was granted a protective order last week barring the release of public records relating to Renaissance at Colony Park in Ridgeland said he feels the order is in the best interest of economic development. Andrew Mattiace, developer of Renaissance phases I and II and the proposed phase III, said he sought the order ...

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GLENN McCULLOUGH — Teamwork: A winning strategy

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Economic opportunity can change lives. Promoting Mississippi’s advantages to attract new career opportunities while supporting the expansion of our existing businesses is our primary mission at the Mississippi Development Authority. Three key principles guide us and help ensure Mississippi will continue to cultivate economic opportunities for Mississippi families. First, teamwork is essential to winning new investment projects and helping our ...

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