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Economic Development

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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Study: Economic development incentives paying off for state

Despite failures that have the potential to cost the state $185 million, Mississippi has received positive results from its incentive programs designed to entice companies to locate in the state, according to a study conducted by the office of Auditor Stacey Pickering. Pickering’s office found the state has had a return of $12 for each $1 invested in five incentive ...

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Rocket startup signs agreement with Stennis Space Center

By LISA MONTI The first-ever Commercial Space Launch Act (CSLA) agreement between NASA’s John C. Stennis Space Center in Hancock County and a privately funded company has been announced by Tim Ellis, CEO and co-founder of Relativity Space, an orbital launch company. The Los Angeles-based Relativity has created the world’s largest metal 3D printer to print their own rockets, and ...

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Phase 2 of Renaissance gets go-ahead in Ridgeland

By JACK WEATHERLY In simple counting, 2 comes before 3. But in a Ridgeland commercial development, it appeared for a while that the reverse was in order. Phase 3 of the Renaissance at Colony Park was proposed in 2015. Phase 2 didn’t go before the Ridgeland Board of Aldermen till last Tuesday, and it was approved. What scrambled the sequence ...

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Community improvement district supporters rally for legislation

By JACK WEATHERLY jack.weatherly@msbusiness.com Supporters of a bill that would have created community improvement districts in cities across Mississippi rallied at the state Capitol Tuesday to urge Lt. Gov. Tate Reeves to reconsider the measure. Senate Bill 3045 died in the Senate Finance Committee because it was not called up for a vote. Reeves, who is president of the Senate, ...

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Nettleton joins Mississippi Main Street Downtown network

Nettle ton is the newest member of the Mississippi Main Street Association.  On April 2, MMSA will designate the town of Nettleton as a Downtown Network Member of the statewide association.  “Becoming a member of Mississippi Main Street will improve the quality of life for citizens and bring Nettleton up to where it has the potential to be,” said Mayor ...

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Welty honed skills writing for Lamar Life

Eudora Welty’s father shaped the historic Lamar Life Building, and the building shaped the famed Mississippi writer’s early professional career. Work has begun to reshape the 11-story gothic revival office building erected in 1925 in downtown Jackson yet again: into apartments, retail and office space. But owner-developer Andrew Mattiace intends to acknowledge the historical use of the building in some ...

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Pickering says failed Stion Solar owes Mississippi $93 million

Associated Press Mississippi’s state auditor is formally demanding that a failed solar panel maker pay nearly $93 million that he says is owed to state and local governments, a prelude to a possible lawsuit. Auditor Stacey Pickering demanded repayment in a letter he delivered Tuesday to Stion Corp., which closed its Hattiesburg plant last year. The Republican said it’s the ...

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Tupelo airport, Contour land $10M contract

TUPELO – The Tupelo Regional Airport and Contour Airlines got what they wanted – now it’s time to hammer out the details. Contour will continue to provide air service in Tupelo, connecting the All-America City with Nashville – or to a different or additional destination, if it chooses – as the U.S. Department of Transportation agreed to a 30-month contract ...

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Nissan to add second shift making vans at Mississippi plant

Nissan Motor Co. says it will increase van production at its Mississippi plant, adding a second shift in April. The company made the announcement Monday as it marked the 4 millionth vehicle produced at the plant since it opened in 2003. Spokeswoman Lloryn Love-Carter says about 250 workers will be redeployed from other areas to staff the second shift assembling ...

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