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Tag Archives: economic development

State economic development leaders optimistic of 2015

State business and economic development leaders are optimistic that the sluggish economic recovery from the 2008 recession will kick into high gear in 2015. At 7.6 percent, Mississippi had the second highest unemployment rate in the country in November. But that is a significant improvement from rates of more than 10 percent in 2011, and there are signs that employment ...

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PHIL HARDWICK: Characteristics of a good year-end fundraising letter

Another December day; another solicitation letter. The end of the calendar year is approaching, and that means that fundraising letters compete with catalogues and holiday cards for space in the mailbox. Some fundraising letters are compelling. They make one want to immediately write a check, volunteer for community service or pledge some exceptional amount. And then there are those that ...

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County to ask if it can use unspent hurricane recovery money

BAY ST. LOUIS — Hancock County officials will ask the state for permission to move $1.6 million in unused hurricane recovery funds to help support other projects. The largest amount of unused cash is in the government annex facility fund. Other projects which had additional cash include the Lakeshore Community Center, the Stennis Airport Hangar project, and the Mississippi Highway ...

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Highway 6’s bad bridges getting ‘short-term’ fix

Staff and Wire Reports Mississippi Department of Transportation crews have made temporary repairs to several Mississippi Highway 6 bridges between Batesville and Clarksdale. MDOT has raised posted weight limits on the bridges after replacing and constructing additional shoring of numerous timber pilings which support the bridge, the Associated Press reports. Commercial vehicles, such as empty agriculture trucks and school buses, ...

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KiOR could owe state entire $69.4M debt plus interest

COLUMBUS — Mississippi has warned biofuel maker KiOR that it could demand immediate repayment of the company’s entire $69.4 million debt to the state, plus $8 million in interest, if the company doesn’t make its loan payment before a grace period runs out. Marlo Dorsey, a spokeswoman for the Mississippi Development Authority, said the state sent the letter yesterday. “Due ...

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Villa International sites RV furniture factory in Belmont

BELMONT — A California company will open a recreational vehicle furniture factory in northeast Mississippi, with plans to hire 75 employees over five years. Villa International, based in Cerritos, California, will invest $250,000 to expand into Tishomingo County. It will pay an average annual salary of $35,360. The Mississippi Development Authority will loan Tishomingo County $507,000 to purchase the former ...

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Texas company sites warehouse/plant in Southeast Mississippi

SUMMIT — A Houston oil-field services company is locating a new facility in Summit that will warehouse and eventually manufacture drilling fluids for oil drillers in the Tuscaloosa Marine Shale formation. Newpark Drilling Fluids officials say the project will create 40 new jobs. Tuscaloosa Marine Shale formation is located in southwest Mississippi and central Louisiana. The announcement was made yesterday ...

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Ice Industries expanding Grenada plant, adding 50 jobs

GRENADA — Ice Industries Grenada says it is adding 50 jobs and investing $1.8 million in an expansion. The announcement was made yesterday in Grenada by Gov. Phil Bryant and company officials. The unit of privately-held ICE Industries of Sylvania, Ohio, says it’s making infrastructure upgrades, overhead crane improvements, and shipping and safety enhancements. New metal stamping and assembly equipment ...

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