Home » NEWS » Economic Development (page 220)

Economic Development

Metso adding jobs in Clarksdale; mattress maker opening plant in Belmont

Conveyor component maker Metso is initiating a $4 million expansion that will add 30 to 50 workers to its 62-member workforce at the company’s Clarksdale plant, the Mississippi Development Authority said Monday. The announcement follows a notice Friday from the MDA that 200 jobs are expected to be created through sleep products manufacturer Comfort Revolution’s relocation of its manufacturing operation ...

Read More »

Defense firm Mav6 represents Ms. on Inc. 500; six others land on Inc. 5000

Privately owned defense contracting firm based in Vicksburg represents Mississippi’s lone entry on the Inc. 500 for 2012, though six other companies received rankings on the magazine’s Inc. 5000 for this year. In rankings released Tuesday, systems integrator Mav6 moved from a 2011 ranking of 373 to 230th on the Inc. 500 list, propelled by revenue growth of 1,556 percent ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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, ...

Read More »