Home > Economic Development News > Mississippi Economic Development News – June 8, 2009

Mississippi Economic Development News – June 8, 2009

 Mississippi is becoming a magnet for companies specializing in advanced manufacturing techniques that also are seeking centralized logistics operations. With low taxes and a low cost of doing business, the state also is an attractive choice for companies looking for ways to reduce operational costs.

Ridgeland – A city operated website to promote economic development was approved by the Mayor and Board of Aldermen on Tuesday.  The website will be designed by the Central Mississippi Planning and Development District and overseen by the city’s Community Development Department.

Don’t blame Charlie Beasley if he looks around at John C. Stennis Space Center and thinks about the possibilities. It has a lot of smart people and unique programs, and Beasley, after all, is trained in economic development. He can’t help himself.

No matter the time, the place or the condition of the economy, Jim Flanagan is sure of one thing.

Oil-Dri expands Ripley facility. The expansion is an initial $7 million investment by Oil-Dri, with another $12 million investment planned.

The economic-development mechanism was designed to bring in new companies to the Katrina-ravaged area or to expand existing firms, making an investment and creating jobs, said George Freeland, director of the Jackson County Economic Development Foundation.

InnOvation Seating Solutions LLC has moved into the former Westwood Industries building in Tupelo and officials at the new furniture manufacturing company say they hope to employ 100 workers by June 2010.

Ouachita Parish is competing with Mississippi and possibly Alabama for project.  City has shot at 1,500 jobs…

Natchez area lawmakers are opposing the sale of rail lines in Mississippi, including the 66-mile line from Natchez to Brookhaven.

A railroad coalition is also being organized, which will be empowered to act for the affected area. DeSoto County Supervisors have tapped DeSoto County Administrator Michael Garriga as its representative.

Interested in purchasing the building, the Hills were approached by Dexter Thorton at Commercial Bank about Meridian Community College’s East Mississippi Development Corporation (EMDC) loan program…. “A consortium of eight banks covering a nine-county area, the EMDC provides assistance to area banks in making loans to new and expanding minority owned small business,” explained Victoria Liddell, MCC community development facilitator who is currently in charge of the corporation.

“With a city the size of Vicksburg, we need an economic development department,” Winfield said. “I intend to create that department and put economic professionals in place to work towards business creation.”

Energy, business, community and academic leaders in the state have formed a coalition to identify and promote energy policy that will benefit and advance Mississippi’s economy.

Southern Business and Development Magazine’s current list of “Ten More Law Firms that Understand Economic Development” include three law firms with Mississippi offices

The contentious and contested mayor’s race in Ocean Springs is officially over. Republican challenger Scott Walker conceded to Mayor Connie Moran Friday afternoon at Ocean Springs City Hall.

In a specially called meeting Wednesday, the Adams County Board of Supervisors met with Natchez Mayor Jake Middleton, EDA Chairman Woody Allen and several local bankers to discuss existing Adams County businesses….was the continuation of a meeting that took place in late May, in which Allen, Middleton, three supervisors and representatives from the Mississippi Development Authority met in Jackson to discuss the local business.

A task force created by the Mississippi Legislature to find solutions to the region’s persistent poverty says a new proposal may be the tool that’s needed to spur economic development and improve the Delta’s health and education systems.

MEDC 2009 Summer Conference . July 22-24 . Beau Rivage . Biloxi
Communicate Educate Innovate – A Beacon for the Future
Show your support — become a sponsor — and register to attend today!

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

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