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Economic Development

Costco without gas pumps seen as a possibility

By JACK WEATHERLY A week after the Mississippi Supreme Court struck down rezoning that would have accommodated a Costco Wholesale store planned for Ridgeland the status of the project remains in the dark. Speculation is that the ruling simply would not allow the store on Highland Colony Parkway to have gasoline pumps, but that the 100,000-square-foot store could move forward. That interpretation is apparently based, at ...

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Director: Gulfport port work nearing completion, jobs ‘trend’ positive

By Jack Weatherly Completion of the restoration and expansion of the Port of Gulfport, begun during the administration of then-Gov. Haley Barbour, is about six months away, and jobs creation is “trending” toward meeting the terms of nearly $570 million from the federal government. That is the assessment of Jonathan Daniels, executive director of the port. Daniels said in an interview Tuesday that rebuilding and ...

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Hancock County communities designated as Opportunity Zones

Two communities in Hancock County are among 100 Mississippi communities designated by the U.S. Department of Treasury and the Internal Revenue Service as Qualified Opportunity Zones.  The designations are designed to spur economic growth by encouraging long-term investments in low-income and rural communities through Qualified Opportunity Funds. Private investors can earn tax relief through investments made in an Opportunity Zone, ...

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UPDATE: Court rules against Ridgeland’s Costco plan

By JACK WEATHERLY The Mississippi Supreme Court found on Thursday that the city of Ridgeland acted improperly in rezoning property for what would’ve allowed the construction a Costco Wholesale store on a 45-acre site on Highland Colony Parkway. The court reversed a ruling by Judge John Emfinger in Madison County Circuit Court. It ruled that the city of Ridgeland hadn’t proved ...

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Port of Gulfport negotiating with Turkish company on multi-million projects

By LISA MONTI mbj@msbusiness.com A Turkish company is negotiating with the Mississippi State Port Authority to lo-cate a multimillion dollar terminal operation at the Port of Gulfport. Officials with the Port Authority and YilPort Holding A.S., a subsidiary of Yildirim Holding A.S., based in Istanbul, signed a letter of intent this month to kick off the negotiations. “Yilport is promising ...

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Auto parts retailer to close Mississippi distribution center

An auto parts retailer is telling the state of Mississippi that it will close a distribution center by the end of the year, and 284 employees will lose their jobs. Advance Auto Parts says in a notice submitted last week that it will begin layoffs in late June at the warehouse in the Copiah County town of Gallman. The company ...

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BILL CRAWFORD; A tale of two headlines

The same information released by State Auditor Stacey Pickering resulted in two quite different headlines.    “Study: Economic development incentives paying off for state,” read the headline in the Northeast Mississippi Daily Journal.   “Auditor: Failed economic projects cost Mississippi taxpayers $185M,” read the headline in the Clarion-Ledger.   Both are accurate, both based on the same report by Pickering, ...

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PHIL HARWDICK — Be wary of phony developers who will take advantage of your community

Amazon’s method of inviting cities to bid for its second headquarters is the top story in economic development news these days. It is fascinating to see cities responding with expensive and sometimes wild offers to be the one that is selected. I suppose you can’t blame them. Every public official wants more good job in their communities. So much so ...

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HU MEENA — AT&T desperate to hold on to monopoly as C Spire wins state technology bid

The Mississippi Department of Information Technology Services (ITS) selected Mississippi’s own C Spire as its partner to procure communication and data services for its state agencies, schools, libraries and other state entities.  The eight-year contract awarded services to C Spire in five categories, including voice and data, and C Spire stands ready to deliver on DAY ONE. The partnership marks ...

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State revenue collections take March downturn

State revenue collections, after multiple months of strong growth, took a nosedive in March. For the month, revenue collections were $46.7 million, or 10.4 percent below the estimate. For the fiscal year, which ends June 30, collections are $12.3 million or 0.33 percent below official projections, according to the report compiled recently by the staff of the Legislative Budget Committee. ...

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