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Economic Development

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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Beauty retailer opens Mississippi warehouse with 220 workers

Beauty retailer Sephora says it’s opened a northern Mississippi distribution center with 220 workers. The unit of French luxury goods house LVMH didn’t immediately say Thursday when asked how much it’s investing in Olive Branch. Employment is supposed to grow to 400. Sephora is renting the 720,000-square-foot (67,000 sq. meter) warehouse from San Francisco-based Prologis. Mississippi Development Authority spokeswoman Tammy ...

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Margaritaville Resort amusement park ‘will reshape the traditional landscape of Biloxi’

By BECKY GILLETTE What could be more fun than hanging out at Jimmy Buffett’s Margaritaville Resort and Hotel in Biloxi? It might be enjoying the beachside amusement park that is currently planned next to the Margaritaville located on Point Cadet. Milton Segarra, CEO, Visit Mississippi Gulf Coast, said by definition amusement parks are exciting. That is even more true when ...

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Washington County Economic Alliance honored

The Washington County Economic Alliance received honors for a communications piece at the SEDC Communication Awards Ceremony. The awards ceremony was held during the 2018 Southern Economic Development Council (SEDC) Annual Conference, July 29-31, 2018 in Mobile, AL. The Communication Awards are given each year by SEDC at its annual conference. Over twenty categories of communications and marketing work submitted ...

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Hairston graduates Delta Leadership Institute

Butler Snow has announced that Tray Hairston is one of six Mississippi graduates of Delta Regional Authority’s (DRA) Delta Leadership Institute (DLI) Executive Academy. The year-long training program brings together public, private and nonprofit-sector leaders from each of the eight states served by DRA and equips participants with the tools, experiences and networks that will help them create new economic ...

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Nissan invests $170m at assembly plants to make new Altima

Nissan has announced a $170 million investment at assembly plants in Tennessee and Mississippi to produce the 2019 Altima sedan. Nissan North America made the announcement Thursday at its facility in Smyrna, Tennessee, where the company celebrated the start of production of the car’s sixth generation. The $170 million investment was used to upgrade its plants in Smyrna and Canton, ...

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Mississippi’s senators say award to help city buy airport

Mississippi’s senators say the City of Olive Branch has received a $14.9 million federal grant to help with the purchase of the Olive Branch Airport. U.S. Sens. Roger Wicker and Cindy Hyde-Smith, in a news release Thursday, said the city will become the airfield’s primary operator. It’s been in operation since 1972, and the purchase guarantees the continued operations of ...

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