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Economic Development

Sen. Burton will head new energy committee; Polk to lead education panel

Mississippi state Sen. Terry Burton has been picked to chair the newly created Senate Energy Committee and Sen. John Polk has been chosen to lead the Universities and Colleges Committee, Lt. Gov. Tate Reeves said Thursday after making the appointments. Burton, R-Newton, will lead the 15-member Energy Committee, which oversees legislation related to the oil and gas industry, public utilities ...

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Reshoring Success: AirGuide moving manufacturing from Mexico to Clarksdale

A Florida company’s decision to relocate part of its manufacturing operation from Mexico to Clarksdale gives Mississippi a win in a national “reshoring” effort by which states hope to persuade U.S. manufacturers to bring some or all of their operations home. HVAC equipment manufacturer AirGuide of Hialeah, Fla., is moving its manufacturing operations from Mexico and Texas to Clarksdale, creating ...

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Mississippi Development Authority taps Jim McArthur as new deputy director

  Jim McArthur, a former utility equipment sales executive, has joined the Mississippi Development Authority as deputy director. McArthur brings nearly 20 years in business development, marketing and economic development to the post, the MDA says. Previously, McArthur served for three years as regional sales director for Itron, formerly SmartSynch. At Itron, a provider of energy and water management equipment ...

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Mississippi delegation to head to Japan to talk trade, investment

Japan, as Mississippi’s top foreign investment partner, will receive a visit in September from a delegation of Magnolia State economic development officials and business leaders. The delegation will travel to Tokyo for the 35th Annual Joint Meeting of the Southeast U.S./Japan (SEUS – Japan) and Japan – U.S. Southeast Associations, Sept. 13-15. Gov. Phil Bryant will lead the Mississippi delegation ...

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State to highlight contracting opportunities for minority, women-owned businesses

The Mississippi Development Authority (MDA) is hosting a day-long conference and networker August 16 to connect minority- and women-owned businesses in Mississippi to procurement opportunities available at state agencies. The event, Access Mississippi, will be from 8:30 a.m. to 3:30 p.m. at the Jackson Convention Complex, 105 Pascagoula St. Gov. Phil Bryant emphasized that Access Mississippi is an important component ...

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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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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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