Home > Economic Development News > Mississippi Economic Development News – March 9, 2009

Mississippi Economic Development News – March 9, 2009

Deborah Reynolds, president of the Petal Chamber of Commerce, said growth in Petal after Katrina was evident on the Evelyn Gandy Parkway, but now the city is looking to diversify growth by adding new businesses in the city’s new downtown district.

DeSoto County, Memphis’ chief local competitor, has hammered Memphis in the last four years in the competition for new industrial companies.

The challenges that the current recession pose are psychological as well as economical, said Bill Gunther, professor and director of the Bureau of Business and Economic Research at the University of Southern Mississippi, during the Area Development Partnership monthly First Friday meeting.

Mississippi applies knowledge from Nissan project in training workers, landing plants and altering perceptions. http://www.siteselection.com/features/2009/jan/Mississippi/

The Delta Regional Authority will host its 2009 annual conference in Memphis, a city that serves as a commercial and cultural hub for the Mississippi Delta. The conference will be titled “Models of Success” because of Memphis’ position in multimodal and transportation industries, two focal points for the Clarksdale, Miss.-based Delta Regional Authority.

Mississippi’s highways have not been built lately with statewide needs in mind, but by regional priorities that skew and sap statewide goals, a state watchdog agency reports.

While at least five other sawmills around the state have succumbed to the struggle, Columbus Lumber has resisted curtailment and still offers its employees 40 hours per week, owners said. Logs still arrive, the great saws and blades still bite and sales are still made, keeping approximately 110 Southwest Mississippians – mostly Brookhavenites – employed.

Officials: Masonite to stay in Laurel.

The Mississippi Department of Transportation informed Lauderdale County officials Monday that full funding for the I-20/59 Industrial Park interchange is now official.

A letter from Mississippi Governor Haley Barbour confirms that the city has received the $600,000 through the Community Development Block Grant program. The city sought the funding on behalf of Fabricators Supply, which is planning an expansion at the former Fisher Marine property.

Carol Hardwick, Executive Director
Mississippi Economic Development Council, Inc. (MEDC)
601-352-1909 . carol@medc.ms . www.medc.ms
Member-to-Member Seminar . April 14 . Hattiesburg
MEDC Chamber Workshop . April 16 . Oxford
2009 Summer Conference . July 22-24 . Beau Rivage . Biloxi

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