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Tag Archives: economic development

Passing the test … Mississippi’s economic development incentives must now prove their worth

The Pew Charitable Trusts has moved Mississippi to the front of the class among states with effective strategies for evaluating the value of taxpayer-supported incentives for economic development. Mississippi’s elevation to national leader from Pew’s laggard list just two years ago comes after Gov. Phil Bryant’s signing last week of House Bill 1365, the Economic Development Programs and Tax Incentives ...

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Ex-housing official, Ann Jefferson, loses appeal

JACKSON, Mississippi — A federal appeals court has upheld the conviction of a former executive director of the South Delta Regional Housing Authority and her 32-month prison sentence. The ruling was issued Thursday by a three-judge panel of the 5th U.S. Circuit Court of Appeals in New Orleans. » READ MORE about this story … Ann Jefferson was convicted in ...

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Reeves talks shop with leaders of furniture industry

Mississippi’s second-highest elected official believes he knows exactly what the furniture industry needs to be profitable. The Magnolia State can better encourage capital investment through improved education, low taxes and balanced budgets, said Lt. Gov. Tate Reeves at Mississippi State’s Furniture Summit. At the gathering yesterday, Reeves spent more than half his keynote speech emphasizing the importance of education at ...

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Two Delta groups getting economic development funding

MISSISSIPPI DELTA — The Economic Development Administration has awarded funds to two planning and developing groups in the Mississippi Delta. U.S. Rep. Bennie Thompson, D-Miss., made the announcement in a news release yesterday. The South Delta Planning and Development District will receive $189,000. The district provides services in Bolivar, Humphreys, Issaquena, Sharkey, Sunflower and Washington counties. The North Delta Planning ...

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Pharma Pac lays off rest of workers; could end up owing state

DEKALB — A Kemper County drugmaker has laid off most of its remaining employees, making it likely that it will shut down while owing the state economic development money. A notice filed with the Mississippi Department of Employment Security reports Pharma Pac laid off 84 employees from its DeKalb facility on March 7. Kemper County Economic Development Authority Executive Director ...

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Acco Brands investing $1.6M, adding 162 workers

BOONEVILLE — Acco Brands will add a 162-employee call center at its Booneville factory and distribution center. The company announced the $1.6 million investment yesterday. The state of Mississippi will give Acco $150,000 to modify a building, and the Tennessee Valley Authority will also assist. The company, based in Lake Zurich, Ill., makes office supplies under various brands including Mead, ...

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New law on taxing methods hailed as big win for businesses

The Mississippi Economic Council completed a victory lap over passage of its priority tax legislation by having Gov. Phil Bryant sign House Bill 799 at the close of the business organization’s annual meeting and luncheon last Thursday. At the prodding of the MEC and other business groups, lawmakers crafted HB799 to counter the effects of a Mississippi Supreme Court ruling ...

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Panther Creek's location in medical industry zone boosts bio-med prospects

Canton’s Panther Creek Commerce Center has an attraction no other Mississippi mega site can offer — inclusion in a state Health Care Industry Zone. The nearly 2,000-acre tract off Nissan Drive falls within the required five-mile radius of Madison River Oaks Medical Center in Canton. This qualifies prospective medical-related tenants of the megasite for such incentives as an accelerated, 10-year ...

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