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Economic Development

Mississippi firm buys Mexican asphalt business for $70M

A Mississippi company is buying the Mexican asphalt business of an Oklahoma company. SemGroup Corp. of Tulsa, Oklahoma said Monday that it was selling the business to Ergon Inc. of Flowood, Mississippi, for an estimated $70 million. The business includes 14 asphalt terminals and two laboratories. Privately-held Ergon owns refineries in Mississippi and West Virginia and also has other mostly ...

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Jackson promoted to EVP for Economic Development at ADP

Todd Jackson has been promoted to Executive Vice President, Economic Development, Area Development Partnership (ADP) in Greater Hattiesburg. Jackson joined the ADP in September 2014 after spending a decade working in manufacturing engineering around the nation. Jackson is a graduate of the True South Course in Economic Development at The University of Southern Mississippi and the University of Oklahoma’s Economic ...

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EMBDC Recognizes December Ambassadors of the Month

The East Mississippi Business Development Corporation recently presented its December Ambassadors of the Month awards. Winners are, from left, Lisa Sollie, third place, MSU Meridian; Heather Woodall, second place, MSU Career Center; Casey Hendricks, first place, Community Health Improvement Network, and Ginger Delaney, red ticket drawing winner, The Community Bank. (Courtesy of EMBDC)

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Partners to buy SC wood pellet plant, build Mississippi port

A company that makes wood pellets and sells them to power plants overseas says it’s forming a new joint venture with an insurance company to buy a plant in South Carolina and build a port in Mississippi. Enviva Holdings of Bethesda, Maryland, on Tuesday announced the deal with the John Hancock Life Insurance Co. The joint venture will buy a ...

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Chawla family: construction to resume on Cleveland hotel

By JACK WEATHERLY Chawla Hotels has answered reports that its most ambitious hotel project in the Delta has been stalled for months with reassurances that the $21 million project in Cleveland is still on go. Since the Delta-based hotel operation signed a deal with the Trump hotel organization in June on the Cleveland hotel – originally called the Lyric and now ...

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Leadership Mississippi Class of 2017 Graduates at Old Capitol Inn

The Mississippi Economic Council’s Leadership Mississippi program recently graduated 50 for the Class of 2017. Leadership Mississippi is the second oldest statewide leadership program in the nation and is conducted by the M.B. Swayze Foundation. Graduates, alphabetically, are Frankie Adair, Thania Averett, Heather F. Bennett, Jerry Bennett, Vernell Bennett, Ed.D., Christa Rouse Bishop, Caron Blanton, APR, Steven Blaylock, Kent Bloodworth, ...

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Fuse.Cloud’s Gary Watts named MBJ’s 2017 Business Person of the Year

By JACK WEATHERLY Twenty years ago, Jackson was one of the world’s telecommunications centers. WorldCom had spun its magic and bedazzled Wall Street. How could a company in a Southern city not known for cutting-edge technology do that? The eventual and ultimate answer was – it cheated. Mississippi folk hero Bernie Ebbers wound up in prison, perhaps for the rest of ...

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Film industry takes a hit after incentive scrapped

By JACK WEATHERLY Don’t go by the Mississippi Film Studios to catch a glimpse of movie star. The 43,000-square-foot purpose-built facility in Canton, which dates to the 1996 movie “A Time to Kill,” based on the John Grisham novel, will become a “bath balm” factory. Rick Moore, who bought the facility three years ago, shut down operations Sept. 1, he ...

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Wanted: Developer for NASA’s Enterprise Park in Hancock County

By LISA MONTI NASA is looking for a private sector partner to develop and operate a technology park on 1,100 federally owned acres in the northern portion of Stennis Space Center near Bay St. Louis. Don  Beckmeyer, NASA’s manager of strategic business development at Stennis, said the technology corridor named Enterprise Park will support future activities of commercial space transportation ...

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VisionFirst Advisors headed by Gray Swoope now does work in 22 states

By BECKY GILLETTE When the Madison County Economic Development Authority (MCEDA) wanted to do a nationwide search for a new executive director, it selected the firm VisionFirst Advisors based in Tallahassee, Fla., headed by a name very familiar and respected in Mississippi economic development circles, Gray Swoope. Swoope, who was executive director of MDA from 2007 to 2011 before taking ...

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