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Economic Development

Credit rater takes brighter view of Mississippi finances

One of the nation’s three main credit rating agencies is feeling a little more confident about Mississippi’s financial picture. Standard & Poor’s Financial Services on Friday removed its negative outlook on Mississippi’s debt, instead raising the outlook to stable. Mississippi remains rated AA by Standard & Poor’s. Credit ratings can influence how much the state has to pay in interest ...

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ALAN TURNER — A strong dash of optimism

ALAN TURNER One can certainly find many opinions about the future of Jackson, and many of these are not exactly what we might think of a “sanguine.” However, there are others who are actually positive about some of the things going on in Jackson and Mississippi as a whole. One of those is newly appointed Regions Bank executive Robert Leard, ...

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GRAMMY Museum Mississippi has attracted 80,000 visitors since opening

By BECKY GILLETTE Emily Havens The GRAMMY Museum Mississippi, which opened in March 2016, has been a game changer not just for Cleveland, but the entire Delta music tourism scene. Asked if this has been as big a deal as anticipated, Cleveland Mayor Billy Novell answers unequivocally, “Absolutely! It has been better than anticipated. The Grammy Museum Mississippi is the ...

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Mississippi Angel Fund could become go-to-place for startups

By TED CARTER Tony Jeff Innovate Mississippi expects to boost investments in promising Mississippi startups through a regional angel-fund setup it says can make deals easier and more plentiful. Organizers of the Mississippi Angel Fund say they will invite the State of Mississippi to support the funds through tax credits or perhaps even through buying shares that would entitle it ...

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Mississippi, Japan have strong foundation

By CALLIE DANIELS BRYANT Glenn McCullough United States municipal and state officials are reaching out to Japan for economic opportunities and increased employment for the nation’s rural areas. Japan is the second largest foreign direct investor (FDI) in the United States, and the value of this country’s investments has grown to an estimate of $13 billion this year. Japan has ...

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LAW ELEVATED — Recent tax changes to encourage development & new investment

GRAY SWOOPE Wilson Montjoy Recent enactments of both the U.S. Congress and Mississippi Legislature have modified tax laws to encourage development and new investment. Reducing Fee-in-Lieu to $60 Million Enhances Economic Development Recruitment Tools, Mississippi has traditionally offered incentives for economic development, recognizing that new and expanding industries bring jobs and increased tax revenues, but that Mississippi must compete for ...

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Mississippi Economic Development Council honored at conference

The Mississippi Economic Development Council recently received honors for a communications piece at the Southern Economic Development Council Communication Awards Ceremony in Mobile, Ala. The entry in the Thinking Outside the Box category titled Mississippi Prospects – Economic & Community Development Podcasts, won an Award of Merit for the State Division. Mississippi Prospects was hosted by Jeff Rent, Senior Vice ...

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Piping company opens $3.8M Mississippi warehouse, hiring 60

Mueller Industries is opening a new warehouse in northeast Mississippi, investing $3.8 million and hiring 60 workers. The Memphis, Tennessee-based company makes pipes, valves and fittings. It built the warehouse next to its factory in Fulton, cutting the ribbon Thursday with Gov. Phil Bryant. Mueller says the 74,000-square-foot (6,900-sq. meter) warehouse is needed to meet increased customer demand. Mississippi Development ...

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