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Tag Archives: Mississippi Development Authority

WE'RE IN THE TOP 5 — Mississippi a leader as more women are becoming business owners

By LYNN LOFTON  Women-owned businesses are flourishing in Mississippi and the facts prove it. These businesses increased by 81 percent between 1997 and 2014, according to a study conducted by American Express OPEN, earning the state a spot among the top five states in the country. This growing percentage is part of an ongoing American success story since 1997. “Women ...

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Haley Barbour: Kemper plant will rival Grand Gulf’s performance

By JACK WEATHERLY  Former Gov. Haley Barbour predicts that Mississippi Power Co.’s Kemper County coal-powered plant will in the long run rival the performance of Entergy’s Grand Gulf nuclear plant in Port Gibson. “Grand Gulf took more than twice as long to build and cost more than twice as much [as originally planned].  And after it went online it initially caused ...

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ASA postmortem: industrial recruiting is a constant cycle of death and life

By JACK WEATHERLY  Raising $1.2 billion for an industrial project can be a daunting task, if not a deal killer. For economic developers in Mississippi, American Specialty Alloys’ protracted and secretive efforts in that regard became an issue that ultimately sent the project south to Pineville, La. American Specialty started out last year with a show of force that augured well ...

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(UPDATE) Aluminum maker, recruiter still at impasse on $1.2 billion project

By JACK WEATHERLY  The impasse between American Specialty Alloys and Golden Triangle economic development officials has not eased. The startup aluminum maker with offices in Columbus that says it will build a $1.2 billion mill — somewhere — is “pulling up stakes” and heading for Alexandria, La., Joe Max Higgins, executive director of Golden Triangle Development LINK, said Tuesday. That’s ...

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Whitehurst: Oysters, rivers and state government contradictions

Mississippi Gov. Phil Bryant recently announced the formation of the Governor’s Oyster Council to help the coast’s oyster industry restore a fishery that has been hurt and diminished over just a few years by hurricanes, the BP drilling disaster and its aftermath, and oyster reef mortality due to salinity changes. The fresh water from rivers feeding the bays and marshes on ...

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Winston Plywood breaks ground at site of new manufacturing facility in Louisville

LOUISVILLE — Officials from Winston Plywood and Veneer, manufacturer of specialty plywood products, gathered Friday for a groundbreaking ceremony at the site of the company’s new manufacturing facility in Louisville. The project represents an investment of approximately $50 million and they expect to create 400 new jobs. In April 2014, a tornado destroyed the company’s facility in Louisville. Since that time, ...

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Mississippi takes an incentives licking, keeps on ticking

By Jack Weatherly If the Pew Charitable Trusts gave Mississippi the stick in 2012, it seems to be trying the carrot this time. Mississippi economic development officials thought the respected independent nonprofit organization was harsh in its assessment of how the state was tracking its incentives. “It sounded like like they were unfairly indicting the model we were using,” senior ...

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Judge names receiver for KiOR plant, but tax payment unclear

JACKSON — A Lowndes County judge has appointed a receiver to watch over KiOR’s Columbus biofuel refinery, as owners and creditors seek a buyer. Chancery Judge Kenneth Burns on Monday named Derek Henderson, a Jackson lawyer who serves as a trustee in bankruptcy cases, as the receiver for the plant. The move came at the request of KiOR financier Vinod ...

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Von Drehle locates paper machine facility in Natchez.

NATCHEZ — Von Drehle, a paper products supplier, has broken ground on a paper machine facility in Natchez. The groundbreaking was held Monday. Von Drehle acquired the former Mississippi River Pulp facility in 2013. The project represents an estimated $100 million incorporate investment and will create at least 100 jobs with the potential to increase to 150 when completed. Von ...

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Chinese delegation coming to Tupelo Furniture Market

TUPELO — A delegation from China is visiting the Tupelo Furniture Market on Feb. 4-6 to learn more about furniture products made in the United States. Bill Martin, director of the Franklin Furniture Institute at Mississippi State University, says in a news release that China’s demand for American-made upholstered furniture has increased and consumers are asking Chinese retailers for more. ...

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