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Tag Archives: Twin Creeks Technologies

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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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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Twin Creeks building likely to draw buyer interest

Renewed demand for manufacturing space — especially for a facility equipped to take in immense amounts of electrical power — makes the soon-to-be-vacated Twin Creeks Technologies building in Senatobia a strong bet to attract a buyer or tenant. So say economic development specialists and real estate professionals in assessing the future of the 85,000-square-foot solar-panel plant built with a $16-million ...

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Mississippi gambles on technology developments some deem to be too risky

For years, Mississippi has placed a priority on providing assistance to technology companies to create jobs that pay more than average and help improve the economy of the state. But the failure of some of those start-up companies to get off the ground despite major incentive packages from the state raises concerns. Under the administration of Gov. Haley Barbour, the ...

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Twin Creeks Technologies goes under, owes Mississippi $26 million

In Nov. of 2011 the Mississippi Business Journal reported Twin Creeks Technologies’ new 88,000-square-foot factory, funded with $26 million in state dollars, sat in Senatobia with very little going on. Twin Creeks spokesperson Tarpan Dixit said, at the time, the plant was not in commercial production but in “validation mode” and waiting for certification — but that was not the message ...

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Could Mississippi's Twin Creeks go the way of Solyndra?

Obama and Barbour have bet on green energy winners and losers Since its declaration of bankruptcy and subsequent FBI raid in early September, solar manufacturing company Solyndra has stayed in the national news, and President Obama has come under fire from Republicans with allegations of crony capitalism. This month the White House refused to provide documents regarding communications with Solyndra ...

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Technology will determine Miss. solar companies' future

Twin Creeks Technologies and Stion need high-tech success to compete with cheap overseas labor See related MBJ story: “Calisolar lays off 80 Calif. workers” With the continued controversy over the Obama administration’s support for the now-bankrupt Solyndra, which came weeks after the collapse of Spectrawatt and Evergreen Solar, the renewable energy industry is eagerly watching to see how other U.S. ...

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State gives $125 million in assistance

Solar panel manufacturers Twin Creeks Technologies and Stion were recruited to the state by the Mississippi Development Authority (MDA), and the projects received loans of $50 million and $75 million, respectively. >>See complete story

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State gives $125 million in assistance

Solar panel manufacturers Twin Creeks Technologies and Stion were recruited to the state by the Mississippi Development Authority (MDA), and the projects received loans of $50 million and $75 million, respectively. Twin Creeks Technologies package According to MDA, the state provided $50 million in loan assistance through the Mississippi Major Economic Impact Authority (MMEIA) to support the Twin Creeks project. ...

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