Home > Economic Development News > Mississippi Economic Development News – May 26, 2009

Mississippi Economic Development News – May 26, 2009

Mississippi Gov. Haley Barbour told a Chinese delegation that even in an economic recession, there are trade opportunities between the state and its partners in the Far East. Barbour on Thursday welcomed the delegation from Changzhou, Jintan County, and the Qishuyan District during a trade and investment forum in Jackson. State economic development, business and other political leaders attended the event.

Economic development officials in Newton say they are enthusiastic about a community growth study that will be conducted in coming weeks. Newton residents who will be participating in it say they are enthusiastic about their hometown, and so was their guest Thursday. Jan Miller with Mississippi Main Street met with the community to get feedback before a study funded by a wired initiative grant is conducted.

The American Contract Bridge League, which has more than 160,000 members nationally, is making a $3 million investment in the move.  The not-for-profit organization has an annual budget of $18 million with 170 traveling tournament directors. The group supports 3,200 bridge clubs worldwide and 1,100 bridge tournaments annually.

The University of Southern Mississippi School of Construction hopes to offer a breakthrough graduate degree in logistics, trade and transportation beginning in 2010 at the Gulf Coast Campus pending approval from the board of trustees of the Mississippi Institutions of Higher Learning.  The master’s-level program will be the first of its kind offered anywhere in the southeast United States. Program developers said new and more-efficient logistics will be crucial in the coming years with unprecedented growth expected in trade.

Despite high unemployment and budget shortfalls, Mississippi lawmakers are still focused on economic development. Just like every recession in our nation’s history, this one will also turn around. And the state wants to be prepared for when that happens.

Industrial business booming in Hancock County – Right now PSL employs 250 people but within the next two to three months that number will jump to 305. Three new business have opened since Katrina: PSL North America; MAC, LLC, a plastic bullet making company and Advanced Fire Protection, a sprinkler system business.

Utilizing a $300,000 grant through Delta Regional Authority, Coahoma County recently began an project aimed at studying a potential transportation system which would be able to connect a Mississippi River port with Canadian National railroad in Quitman County.  The project – largely consisting of   in-depth data analysis and mapping –    is being headed up by Jackson-based Waggoner Engineering and expected to take six months.

The 2009 Dixie Youth World Series will be hosted at the Laurel Sportsplex on Aug. 7-13.  Mary Beth Wilkerson, deputy director of the Mississippi Development Authority (MDA) Tourism Division, and Diana O’Toole, the tourism divisions’ Hometown Mississippi Retirement Program Manager, were the guest speakers at Tuesday’s event.

Southern Diversified Products, LLC (SDP), parent company of Mythic Paint, has been named as a Mississippi Companies to Watch 2009 award winner by the Mississippi Technology Alliance (MTA) in association with the Edward Lowe Foundation. The coveted award acknowledges and celebrates high-performing, second-stage companies throughout the state of Mississippi, that are seen as driving not only the economy, but the innovative reputation of the state.

Mississippi Receives More Than $356,000 in Economic Recovery Funds to Improve Water Quality, Create Jobs / U.S. EPA: Funds keep and create jobs to help prevent water pollution and protect human health and the environment

More than 100 vendors are registered to showcase their products and goods at the 2009 Mississippi Market. The two-day business-to-business wholesale event is 9 a.m. to 5 p.m. June 4-5 at Mississippi Trade Mart in downtown Jackson.  Hosted annually by the Mississippi Development Authority, this year’s Mississippi Market offers a diverse field of products and services.

A multi-million dollar project in the works could provide much needed water to Rentech and cash for a yet-to-be-named second party.  The Natchez-Adams County Environmental Infrastructure/Alluvial Lateral Aquifer Development Project would tap an aquifer under the Mississippi River bed that would be used to supply Rentech with water.  Wednesday the Adams County Board of Supervisors adopted a resolution in support of Rentech’s plan.

Tunica, Miss., was the poorest county in the nation twenty years ago. That changed when casinos came to town and brought thousands of jobs. But the recession is hitting the casino business hard. Jeff Tyler reports. (Click audio link to hear interview with Lyn Arnold, president and CEO of the Tunica County Chamber of Commerce)

2009 MEDC Summer Conference . July 22-24 . Beau Rivage . Biloxi

Carol Hardwick, Executive Director
Mississippi Economic Development Council, Inc. (MEDC)
601-352-1909 . carol@medc.ms . www.medc.ms

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