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Economic Development

McComb embraces public-private partnerships for development

Leaders in the City of McComb took a significant step forward with the goal of growing their economy and tax base by taking swift action ratifying the Tax Increment Financing Redevelopment Plan (TIF) as a tool for development and redevelopment in their city. Mayor Whitney Rawlings and the Board of Selectmen voted this week to approve the use of TIF ...

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BorgWarner adding 50 jobs in Water Valley for new auto transmission product

Global powertrain supplier BorgWarner is expanding operations at its plant in Water Valley to begin manufacturing a new ECO-Launch system that enables the stop-start function in automatic transmissions. By adding the new product to its production line BorgWarner expects to create 50 new jobs at the plant. This latest expansion marks the company’s third in two years; in 2010, BorgWarner ...

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Offshoring — it's all good, economic study says

Here’s a little something that might not go down easy for workers in Mississippi and elsewhere in the United States: Offshoring of jobs and the influx of immigrant labor into the country do not – on the whole – damage the U.S. labor force, says a new paper from the London School of Economics Center for Economic Performance. In fact, ...

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CNBC survey keeps Mississippi in bottom 5 for 'Top States for Business’

Mississippi climbed up one spot in an annual “Top States for Business” ratings by business news television network CNBC this week, but stayed in the bottom five with a designation as the nation’s 46th-ranked state for business. Texas claimed the top spot from previous Number One Virginia, which fell to a third place ranking. With North Carolina at Number Four, ...

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Genesis Energy expanding at Natchez port with oil sands operation

  Genesis Energy says it is expanding the company’s Port of Natchez terminal to handle bitumen, a product mined from Canadian oil sands. The expansion will create 20 new jobs in Adams County, the company said. Steve Nathanson, COO of Genesis Energy, said the expansion will help facilitate the safe and efficient transportation of North American crude oil. Genesis  has ...

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Mobile lands aircraft builder Airbus, 1,000 new jobs

French aircraft builder Airbus has selected Mobile as home for a $600 million plant for producing the A320 150-seat passenger plane. The plant is expected to employ 1,000 workers to reach a target of producing four of the commercial aircraft by 2017, The Associated Press reported Monday. It also will create about 2,500 construction jobs, officials have said. The A320 ...

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Tunica on track after 2011 flood, seeing major increases in activity

After the massive flooding of the Mississippi River in 2011, Tunica took a big hit in tourism, conventions and meeting activity. Even after the flooding was over and everything reopened, things were still slower than normal. “The national media said Tunica attractions were closed because of the flood,” said Bill Canter, director of marketing and sales, Tunica Convention & Visitors ...

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True South Classic firms up field for July 16-22 tourney

  With less than three weeks until tee off, Mississippi’s only PGA TOUR event, True South Classic, has set its initial player commitment list for the July 16-22 tournament at Madison’s Annandale Golf Club. Former TOUR winners Stuart Appleby, Jason Bohn, D.A. Points and Rocco Mediate are already committed to play for the $3 million purse. Defending champion Chris Kirk ...

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Gulf shrimp landings are up, but prices down

BILOXI — The shrimp are slightly bigger, but prices are down, making this year’s season-opening in Biloxi comparable to last year’s start. As in previous years, Gulf shrimpers are seeing prices forced downward by competition from imported shrimp that sells for less. All the while, they are hit with higher operating cots, especially for diesel fuel. During the first two ...

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Senate passes farm bill with $23 billion in cuts; House action next

WASHINGTON (AP) — The Senate on Thursday completed a five-year, half-trillion-dollar farm bill that cuts farm subsidies and land conservation spending by about $2 billion a year but largely protects sugar growers and some 46 million food stamp beneficiaries. The 64-35 vote for passage defied political odds. Many inside and outside of Congress had predicted that legislation so expensive and ...

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