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Tag Archives: Mississippi Development Authority

(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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MDA to lead trade mission to South Africa

JACKSON — The Mississippi Development Authority will lead a delegation of Mississippi companies on a business development mission to South Africa on March 23-27. MDA officials say in a news release that the trip will include stops in Johannesburg, Durban and Cape Town. MDA executive director Brent Christensen says South Africa is Mississippi’s top export location in Africa. He says ...

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Khosla seeks KiOR plant receiver, says Miss. ran off buyer

JACKSON — KiOR financier Vinod Khosla is asking a Mississippi state court judge to name a receiver for the company’s Columbus plant, at the same time that he’s accusing the state of scaring off a potential buyer for the shuttered biofuel refinery. Companies controlled by Khosla filed the motion Friday in Lowndes County Chancery Court, another escalation in a fight ...

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U.S. Treasury Department awards Mississippi more than $4.4 million in state small business credit initiative funds

The U.S. Treasury Department has awarded Mississippi more than $4.4 million in State Small Business Credit Initiative funds, which will be disbursed by the Mississippi Development Authority. The funds will assist the state’s small businesses with accessing the capital needed to grow and create jobs. To date, more than $13 million in SSBCI funds have been allotted to MDA to ...

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