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Economic Development

Madison ‘true value’ up $3 billion in last 10 years

By JULIA MILLER Economic growth is the goal of any elected official. Madison County officials have seen the success of their business-oriented policies by an explosion of both assessed and true value, according to Madison County Tax Assessor Norman Cannady. In 2008, Madison County had a true value of just over $9 billion. Preliminary numbers for 2017 suggest a true ...

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Mississippi native to lead Central Louisana Economic Development group

Cleveland native Larkin Simpson, EDFP, IOM, has been name vice president of the major employers division at the Central Louisiana Economic Development Alliance (CLEDA). Simpson joins CLEDA from Jones County where he most recently led the Economic Development Authority of Jones County and Jones County Chamber of Commerce as a Vice President. Holding a Master’s degree in Economic Development with ...

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Hattiesburg Country Club making turn with new ownership

By BECKY GILLETTE For 98 years, the Hattiesburg Country Club has been owned by member stockholders. Those stockholders recently voted for a new lease on life for the club by selling it to Carter Callaway, a former professional golfer who has been building homes in Hattiesburg since after Katrina, and Paul Maholm, a retired professional baseball player originally from Holly ...

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Mississippi officials seek $50M plant that would hire 300

Officials in a northeast Mississippi city are courting a company they say would invest $50 million and create 300 jobs over four years. West Point selectmen and Clay County supervisors met Tuesday to offer incentives. They tell the Daily Times Leader that the unnamed company would buy a vacant cold storage warehouse and renovate it. Officials are offering 10-year property tax breaks, ...

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NauticStar Boats acquired for nearly $80M

NauticStar Boats, founded in Amory 15 years ago, has been acquired by MasterCraft for $79.8 million, the companies announced Monday. NauticStar manufactures and distributes 18- to 28-foot, bay boats, deck boats and offshore center console boats. NauticStar owner and founder Phillip M. Faulkner said “MasterCraft is an iconic brand known for quality, performance and innovation. Our entire organization is excited ...

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Demolition moves forward to make way for Fondren hotel

By JACK WEATHERLY The dust is rising with on the demolition of property on the two-acre site for a 125-guestroom Homewood Suites. Of particular interest was the so-called Fondren House, which dated to the early 20th century. While “contributing” to the history of the Fondren Downtown Business District, it was not protected by historical status from being moved or razed. ...

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Florida water bottler buys Mississippi plant, adds workers

A Florida water bottler is expanding after buying a Mississippi operation in February. Silver Springs Bottled Water Co. of Ocala, Florida, said Thursday that it’s adding 15 workers to 29 now employed at RealPure Bottling Co. in Magee, Mississippi. The company is spending $19.75 million to buy and renovate the former Shooting Star Beverages. RealPure draws water from McNair Springs ...

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Mississippi economic performance ‘lackluster,’ expert says

An expert is telling state budget writers that Mississippi has had “lackluster” economic performance since the Great Recession. State economist Darrin Webb also says he expects continued slow growth, partly because Mississippi has a large number of people of working age who don’t have jobs. Webb spoke Thursday to members of the Joint Legislative Budget Committee, who started two days ...

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