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Tag Archives: economic development

New Albany’s VIP Seating filling theaters globally

By DENNIS SEID / Daily Journal A veteran of the furniture industry, Steve Simons and a handful of others started VIP Cinema Seating with hopes that their idea of putting reclining seats in movie theaters would take off. “Nobody in 2008 was putting reclining seats in a movie theater,” said the VIP chief executive officer. “So we introduced this thing, ...

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Blue Delta Jeans are taking the country by storm

By DENNIS SEID / Daily Journal Two childhood friends who went to school together in South Pontotoc and college never thought they’d be selling $500 jeans, much less counting celebrities and sports stars among their clientele. Yet, Josh West and Nick Weaver find themselves doing just that. West and Weaver are co-owners of Blue Delta Jeans, which got its start ...

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Ingalls Shipbuilding lands major contracts to continue being a state economic driver

By BECKY GILLETTE PASCAGOULA—It has been a banner year for the state’s largest private employer, the Ingalls Shipbuilding division of Huntington Ingalls Industries. In September Ingalls was awarded a $5.1 billion fixed-price incentive, multiyear procurement contract for construction of six Arleigh Burke-class (DDG 51) Flight III destroyers for the U.S. Navy. That is in addition to a $1.43 billion contract ...

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New developer takes over mall site that has state tax aid

A new developer is taking over a plan to build a large shopping center on the Mississippi Gulf Coast. Local news outlets report that Rise Partners has taken over development in D’Iberville with plans to begin construction next summer and complete the first phase in summer 2020. The new company, based in Chattanooga, Tennessee, says it has agreed with landowner ...

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ALAN TURNER — The MCEE: Planting the seeds for success

ALAN TURNER The mission of the Mississippi Council on Economic Education is helping to educate young people about economics, finance, and business. There are many success stories of young folks who have been inspired to become economically literate, making important choices about their career objectives, and some who became successful entrepreneurs while still in high school. Others have developed a ...

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Chasing smokestacks, fostering a creative economy – can Mississippi do both?

By TED CARTER Bill Rayburn Glenn McCullough Mississippi’s government leaders and economic development officials started this decade devoted to making innovation-based, or new economy, startup companies a bigger part of the state’s economic engine. How much they’ve actually contributed as the second decade of the  21st century nears its close depends on who is doing the talking. The assessment of ...

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Mississippi Angel Fund could become go-to-place for startups

By TED CARTER Tony Jeff Innovate Mississippi expects to boost investments in promising Mississippi startups through a regional angel-fund setup it says can make deals easier and more plentiful. Organizers of the Mississippi Angel Fund say they will invite the State of Mississippi to support the funds through tax credits or perhaps even through buying shares that would entitle it ...

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Mississippi, Japan have strong foundation

By CALLIE DANIELS BRYANT Glenn McCullough United States municipal and state officials are reaching out to Japan for economic opportunities and increased employment for the nation’s rural areas. Japan is the second largest foreign direct investor (FDI) in the United States, and the value of this country’s investments has grown to an estimate of $13 billion this year. Japan has ...

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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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