Home > Economic Development News > Mississippi Economic Development News – 01.26.09

Mississippi Economic Development News – 01.26.09

While the city as a whole came together in November to celebrate West Point’s 150th anniversary, the city’s economic situation has been a dark one. However, in 2009, things might be looking up for the beleaguered Clay County town of about 12,000 people.

ThyssenKrupp will delay the planned start of stainless steel production at a $4 billion plant in Alabama, the Germany corporation’s CEO said Friday.

The Jones County Chamber of Commerce has been busy this month conducting ribbon cuttings, and more of the same is on tap for February.

COMMENTARY:  News that Toyota Motor Corp. will delay indefinitely construction of its yet-unfinished North American plant in Blue Springs, Miss., provides further proof, if any is needed, that government should not be in the economic development business.

On one side, Peter Ricchiuti thinks the economy could rebound before the end of the year.  … State economist Phil Pepper, however, wasn’t quite as optimistic,  …  (Both spoke at the) annual Northeast Mississippi Economic Forecast Conference on Thursday at the BancorpSouth Conference Center, entertaining and informing a crowd of more than 400.

A $20 million grant to create a shipbuilding academy could help local shipyards better train their employees, adding stability to the maritime industry, economic development leaders say. … Gov. Haley Barbour specifically set aside this grant money for a maritime manufacturing skills training facility, said George Freeland, executive director of the Jackson County Economic Development Foundation.

In an effort to boost economic development, Mississippi Secretary of State Delbert Hosemann has proposed an Entertainment District Act as part of his 2009 legislative agenda.

In the midst of economy that has shuttered several national retailers, a new retail development is set to open in Rankin County.

Lamar County should soon be able to pay off three notes totaling more than a half a million dollars if an anticipated sale of about 62 acres of land comes off as expected. … “Not only will paying off those loans alleviate the county of those costs, but also have the county in a standing where if a project were to come along, we’d be available for loans,” said La Sheba Boren, office administrator of the Lamar County EDD. http://www.hattiesburgamerican.com/article/20090123/NEWS01/901230342

Key players responsible for bringing 55 new jobs to Holley Performance in Aberdeen gathered Wednesday for a reception at the facility. Taking part in the jobs announcement were Gov. Haley Barbour, along with other state, local and area government and economic development representatives, and corporate officers from Holley.  Monroe County Administrator Sonny Clay said the event was not just a celebration of 55 new jobs, but also a celebration of retaining more than 40 jobs already at the plant.

East Mississippi Community College is one of eight participants in the WAEM/WIRED initiative — an acronym for Workforce Innovations in Regional Economic Development in West Alabama and East Mississippi. One of the goals of the initiative, according to Bruce Hanson, EMCC coordinator for entrepreneurship, was to give students a meaningful education in business.

The search for the new director of the Natchez-Adams Economic Development Authority ended before it started.

Madison County is ready with a wish list of projects totalling $40.4 million should President Barack Obama offer an economic stimulus package for Main Street, USA.

Improving the appearance of Calhoun County was the charge expressed at Thursday night’s Calhoun Economic Development Association (CEDA) Annual Banquet.

Blendstar has announced commitments to build terminals in Collins, Mississippi …

Fletcher Field Airport in Coahoma County has been awarded a $29,000 federal grant for the extension of its taxiway, announced by Sens. Thad Cochran and Roger Wicker last week.

The Pontotoc County Chamber of Commerce unveiled on Monday night a new logo and tagline for the county during its business after hours event. Cecilia B. Derrington, executive director of the chamber, said the logo replaces an older logo that portrayed row crops and a bunch of grapes.

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