Home > Chambers of Commerce, Economic Development News > Economic Development News Week of November 9, 2009

Economic Development News Week of November 9, 2009

Vitro America, which makes and distributes architectural glass and aluminum products, is expanding its Grenada plant, adding 20 jobs to the 100-employee work force.
http://tinyurl.com/yazjjnq

Entergy and Claiborne County leaders have launched an economic development plan aimed at maximizing the county’s resources to create new revenue streams. The plan establishes an economic development organization called Claiborne Works! to lure new businesses, expand existing businesses and boost tourism.
http://msbusiness.com/blog/2009/11/entergy-county-form-claiborne-works/

But as important as any criterion is transportation.  Mississippi’s location provides easy access to most U.S. metropolitan areas, translating into easy access to many major business markets.
http://www.worldtrademag.com/Articles/Feature_Article/BNP_GUID_9-5-2006_A_10000000000000695569

Craig Ray, director of the Mississippi Development Authority’s (MDA’s) Tourism Division, announced today his resignation to take place at year end and his plans to pursue new opportunities in the industry.
http://www.mississippi.org/index.php?id=747

Six companies that list Mississippi as part of their service areas have been tapped to receive a combined $320 million in new-market tax credits toward real estate or business developments in low-income areas.
http://tinyurl.com/yeddrpn

The Mississippi Development Authority’s (MDA’s) Energy Division is one of several partners in the creation of a Southern Solar Energy Training Network in the Southeast.
http://msbusiness.com/blog/2009/11/mda-joins-energy-training-network/

Southwest Mississippi Partnership President Cliff Brumfield on Monday invited Lincoln County supervisors to the Southwest Mississippi Economic Development Industrial Recruitment Training seminar.
http://tinyurl.com/y88rcvt

Fitch Ratings assigns a short-term rating of ‘F1+’ to the State of Mississippi’s $21.9 million taxable general obligation (GO) notes, series 2009B and $40.3 million GO notes, series 2009C.
http://www.pr-inside.com/fitch-rates-mississippi-s-62mm-go-r1563102.htm

“This is the type of development that could further develop DeSoto Commons,” DeSoto County Economic Development Council President and CEO Jim Flanagan told supervisors .  
http://www.desototimes.com/articles/2009/11/04/news/doc4af223d00f528697859564.txt
City and [Neshoba] county leaders are asking the John C. Stennis Institute of Government at Mississippi State University to help create a comprehensive economic development plan.
http://www.neshobademocrat.com/main.asp?SectionID=2&SubSectionID=297&ArticleID=19822

A Denver company has purchased 12 natural gas pipelines and assets valued at approximately $151 million for systems primarily located in Mississippi, Alabama, Louisiana and Tennessee.
http://tinyurl.com/yc3nf6o

Here’s a news flash… (from Washington State news) …South Carolina, along with several other southern states (most notably Georgia, Tennessee, Alabama, Texas, and Mississippi) have been patiently waiting for this day. All have trained their workers diligently; refined and streamlined their permitting processes so it only takes weeks, or at most months, to permit a major manufacturing facility — not multiple years and millions of dollars of environmental “process.” They’ve tailored their tax structures . . . 
http://kpbj.com/opinions/the_last_word/2009-11-03/color_boeing_gone_gone_gone

BlueFire Ethanol Fuels Inc. has received a $3.8-million reimbursement from the Department of Energy (DOE) to be used for pre-construction activities for its second planned biorefinery, which will be located in Fulton in Northeast Mississippi.
http://msbusiness.com/blog/2009/11/doe-reimburses-bluefire-ethanol/

More than three dozen thinkers from across the South will gather this weekend for a two-day conference to develop an “Agenda for a Better South” that seeks to inspire Southern leaders to move the region forward. (These thinkers include MEDC member Phil Hardwick.)
http://www.bettersouth.org/pdfs/09.1104.conferencerelease.pdf

A Brief Overview of the Auto Industry’s Recent Troubles, and How it Matters to Economic Developers
http://www.iedconline.org/EDNow/110909/Auto_Task_Force.html

Construction on the 12-mile roadway that would link I-55 in downtown Jackson to Mississippi 475/Airport Road in Rankin County near Jackson-Evers International Airport had been slated for a 2010 start.
http://tinyurl.com/ygakewn

“The Delta has so many wonderful things, so many things that are unique to this region,” Barton says. Getting the people of the region to celebrate those things — their abundant natural resources, sense of community and rich history and culture — is the challenge.  Mosby says “We are sitting on an untapped gold mine, and I can’t get anybody to buy a pick.”
http://www.commercialappeal.com/news/2009/nov/08/bluer-blues-grim-figures-tell-of-region-on-the/
Join the MEDC group on LinkedIn – http://www.linkedin.com/groupRegistration?gid=2323556 (members only)
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MEDC Regional Chamber Workshop Series
On November 17 the MEDC Regional Chamber Workshop Series kicks off its 2009-2010 season.  “CONNECTING WITH YOUR MEMBERS” will be held at the in Newton from 8:30 to 3:00, Tuesday, November 17. 

Speakers include Shane Moody, CEO of the Destin Area Chamber, Beth Stevens, Executive Director or the Greenwood-Leflore Chamber, and Chance McDavid, of the MSU MSCAT team.  Topics include membership retention, membership sales, non-dues revenue, benefits of membership, boosting your membership using social media, and MSU’s First Impressions Program.  Registration costs are very low – only $25 for MEDC members and $40 for non-members. 


More information and registration is at www.medc.ms.

Members: Please tell others about this valuable training for Chamber staff and volunteers!
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MEDC Member-to-Member Seminar Series
Registration deadline Dec. 3

On December 8, MEDC continues its Member-to-Member Seminar Series in Jackson with “EXISTING INDUSTRY & BUSINESS – A FRESH APPROACH” with Chandler Russ, Director of the Existing Industry & Business Division at the Mississippi Development Authority.  Russ will talk about the EIB Division’s programs and new items they have or may be proposing.  11:30 to 1:00 (lunch included) . $30 registration (advance registration required) . www.medc.msBring a friend or business associate!
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MEDC Scholarship Application Period Open
MEDC is now taking applications for scholarships for 2010 courses – Attend national professional development courses (EDI, CDI, IOM and New South) in 2010 and let MEDC pay your tuition.  Apply now for your scholarship – go to www.medc.ms and click on Professional Development for an application – funded by MEDC, MDA, Mississippi Power Company and Tennessee Valley Authority. Application deadline is November 30.

Carol Hardwick, Executive Director
Mississippi Economic Development Council (MEDC)
P. O. Box 3721, Jackson, MS  39207
www.medc.ms 
MEDC 2010 Winter Conference . February 3-5 . Hilton . Jackson
MEDC 2010 Summer Conference . July 21-23 . Beau Rivage . Biloxi

MEDC is Mississippi’s professional association of economic development and chamber of commerce professionals. 

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