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Tag Archives: economic development

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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Greg Word joins VisionFirst Advisors team as senior consultant

Greg Word Gray Swoope, CEO and founder of the economic development consulting firm VisionFirst Advisors, LLC., has announced that Greg Word will join VisionFirst as senior consultant Sept. 4. VisionFirst, a subsidiary of Butler Snow LLP, is a customer-driven consulting firm that develops strategy, solves problems and delivers results while mitigating risks and barriers. This expansion supports the company’s growth ...

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$11.5 million Madison County distribution center announced 

By JACK WEATHERLY The Fastenal Co. will build a $11.5 million istribution center in Madison County and expects to create 60 jobs over the next three years.   Fastenal provides companies with fasteners, tools and supplies needed to manufacture products, build structures and maintain facilities and equipment. The 129,000-square-foot Madison County distribution center, the company‘s 15th in North America, will be located off Sowell Road.   The Mississippi Development Authority is providing $350,000 for ...

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College Board names Glenn Boyce as higher education chief

JACKSON — The College Board has again turned to one of its own to take the post of higher education commissioner, promoting former Holmes Community College President Glenn Boyce. The board chose the 57-year-old Boyce on Thursday in a closed session and announced the decision Friday. Board President Aubrey Patterson said Boyce will get a four-year contract with a starting annual ...

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Jackson issues RFP in 3rd try for convention center hotel developer

The Jackson Redevelopment Authority is taking a third swing at getting a convention center hotel built. With the backing of Jackson Mayor Tony Yarber, the JRA late last month issued a Request for Proposals for a hotel of at least 300 rooms on Pascagoula Street across from the Jackson Convention Complex, an approximately 300,000 square-foot conventions and meetings center which opened ...

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Education group cheers as Dems sink tax cut bill; backers say families, businesses hurt

A $555 million tax cut for Mississippi appears down for the count after Democrats decided Wednesday competing financial needs outweighed the benefits of reducing  income taxes for some brackets and cutting business and franchise taxes. The cut would have been the largest in state history, according to Lt. Gov. Tate Reeves, who had called it a timely “pay raise” for Mississippians and sent it to ...

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Leflore supervisors approve private prison deal

GREENWOOD — Leflore County is agreeing to sell additional land outside the current Delta Correctional Facility’s fences to help a private prison operator in its pursuit of a contract to house federal inmates there. Utahbased Management and Training Corp. is bidding on Federal Bureau of Prisons contract. It would need to expand the currently shuttered facility to house 1,400 to ...

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Tupelo to get its first Walmart Neighborhood Market

By Dennis Seid Daily Journal TUPELO – The first of what could be as many as three smaller-format Walmart stores in Tupelo is expected to be built this year. On Thursday, Tupelo Development Services Director Shane Hooper confirmed that Wal-Mart Stores Inc. had officially requested a permit to build a 40,000-square-foot Walmart Neighborhood Market in the city. The store will ...

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