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Economic Development News – September 28, 2009

September 28, 2009 Leave a comment

Terry Fales, director of the Calhoun Economic Development Association (CEDA), updated Bruce Chamber members on the industrial prospects for the future in the county at Monday’s chamber meeting.
http://tinyurl.com/nwchrg 

Nearly a year after finding itself on the chopping block, the Cooper Tire and Rubber plant in Tupelo is adding room and more jobs.  On Tuesday, plant officials and employees, joined by local and state leaders, broke ground on a 32,000-square-foot expansion.  The approximately $7 million project also could add as many as 150 employees to the 1,250-worker plant.
http://tinyurl.com/mqcpoz

U.S. Commerce Secretary Gary Locke has announced a $2 million Economic Development Administration grant to the Mississippi Gulf Coast Community College District of Perkinston. The school will use the money to help build a Hospitality and Resort Management Center, which is expected to create 636 jobs.
http://tinyurl.com/lm88co

Jimmy Heidel, an economic development consultant, says a turnaround can start with what’s already there -large, vacant buildings that could be the home to one or more businesses or converted into residential space.
http://www.clarionledger.com/article/20090927/NEWS/909270361/1001

Anyone who tried to rent a home in Pearl River County after Hurricane Katrina was probably met with the soaring cost of rent, but recent efforts by the Mississippi Development Authority are starting to reverse that trend.
http://www.picayuneitem.com/local/local_story_269221131.html

The Jones County Board of Supervisors have completed the $3.65 million sale of Recovery Zone Economic Development Bonds (RZEDB), making Jones County the first municipal debt issuer to take advantage of the Recovery Zone Economic Development allowance.
http://www.leadercall.com/local/local_story_269110410.html

A $1.1 million economic development grant will be used to build a railroad spur line that will service the expansion of Newly Weds Foods in Horn Lake.
http://tinyurl.com/ycrkogs

A new license plate supporting the Mississippi Blues Trail will be available soon.
http://tinyurl.com/ydnv27j 

Pragmatism helped Toyota become successful, and author David Magee says it’s pragmatism that will allow the Japanese automaker to open its Blue Springs production plant eventually.  Magee, who wrote “How Toyota Became No. 1,” said new leadership at Toyota has…
http://tinyurl.com/nw2lxh 

As the restructuring of city tourism operations continues, the Oxford Tourism Council has effectively split the department’s top job into two.
http://www.oxfordeagle.com/news2.html 

Construction has begun on the $2.2 million Front Beach path project in Ocean Springs.  Funding is through a Community Development Block Grant and hurricane replacement costs from Federal Highway Emergency Relief Funds.  “We have had a great deal of public input on this project, and the Board of Aldermen and I are glad to see this project underway,” said Mayor Connie Moran.
http://msbusiness.com/blog/2009/09/ocean-springs-turns-dirt-on-beach-project/ 

A $3,000 grant to the Mississippi Arts Commission’s Heritage Program will bring in a consultant to evaluate two key folk art sites in the state.
http://tinyurl.com/yb9bopf 

Entergy is developing a 170-megawatt nuclear unit in Mississippi, he (Gary Taylor of Entergy) notes. “For America, someone has to build the first one. Americans do feel that it [nuclear energy] needs to be part of the solution, but they have to see that this industry can deliver a new unit on time and on budget. People still remember what happened in the 1970s.”
http://www.siteselection.com/ssinsider/special/Cleaner-Energy-Future.htm

A $19.4-million grant has been awarded to the Mississippi Wireless Communication Commission to help build the Mississippi Wireless Integrated Network, an interoperable wireless network for first responders.
http://msbusiness.com/blog/2009/09/commission-awarded-grant-for-wireless-network/ 

The Arkansas Economic Development Commission offered incentive packages to 170 companies in 2008 and signed agreements with 95 of them, the commission’s annual activity report reveals.
http://www.arkansasbusiness.com/article.aspx?aid=0.0.129653

You are invited to join the Mississippi Council on Economic Education for the sixth annual U.S. Senator Thad Cochran Forum on American Enterprise on Wednesday, November 18, 2009, with keynote speaker Patrick K. Barron, First Vice President & Chief Operating Officer, Federal Reserve Bank of Atlanta, and State Treasurer Tate Reeves.
http://www.mscee.org/ 

The Enterprise for Innovative Geospatial Solutions (EIGS) housed at The University of Mississippi is pleased to partner this year with the Mississippi Technology Alliance (MTA) to present the Tenth Annual Conference on High Technology which is taking place November 18-19, 2009, at the Jackson Convention Complex in Jackson, MS.
http://www.directionsmag.com/press.releases/index.php?duty=Show&id=37896

MEDC Calendar:
September 30 – Deadline for nominations for Governor’s Awards for Excellence in Exporting – http://www.buyusa.gov/jackson/
November 17 – MEDC Regional Chamber Workshop, Newton, MS “Connecting With Your Members”
December 8 – MEDC Member-to-Member Seminar, Jackson, MS “Existing Industry & Business – A Fresh Approach” with Chandler Russ, Director, EIB Division, MDA

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

Governor’s Awards for Excellence in Exporting 2009

September 22, 2009 Leave a comment

This year MEDC will join with the Mississippi District Export Council (MSDEC), the U.S. Department of Commerce’s Export Assistance Center (MS USEAC), the Mississippi Development Authority and the Mississippi World Trade Center in sponsoring the Governor’s Awards for Excellence in Exporting to recognize one or more Mississippi firms for noteworthy success in maintaining or increasing export sales. 

One of the brightest economic indicators in Mississippi is found in our success at exporting manufactured goods and services to international markets.  Statistics show that the value of Mississippi exports has grown every year since 2003, most years in double digits percentages. 

Firms selected to receive this award represent role models for excellence in international business.  In addition, this award provides an opportunity to build public support for international business activity by Mississippi firms.  And it is a great way to recognize businesses in your area.

Mississippi-based manufacturers, agri-businesses, service companies or suppliers engaged in exporting products or services are eligible to apply.  Nominated applicants should demonstrate one or more of the following: 
-breakthroughs in existing competitive markets
-introduction of a new product into export trade
-opening a trade area previously closed
-successfully overcoming threats to their existing export activity. 

Unique and successful solutions to problems of export trade, such as financing, transportation; marketing or successful promotional programs should also be demonstrated. 

Firms will be grouped into four categories: Small (<500), Medium/Large (>500), and by Manufacturer and Service Provider.  Nominations will be evaluated by the Mississippi District Export Council’s Awards Committee.

Representatives of the winning firms and the local nominating entities will be recognized at the 2009 Mississippi World Trade Center’s Awards Luncheon to be held Thursday, November 12, 2009 at the Country Club of Jackson, Jackson, Mississippi.  All winners — leaders from the business and the local nominating entity — must be present to receive the award.

The Nomination Form, Instructions for Nomination and additional information can be downloaded at http://www.buyusa.gov/jackson/

All nominations must be received in the Mississippi Export Assistance Center Office no later than 5:00 PM Wednesday, September 30, 2009. 
   Nominations received after the deadline will not be considered.

Mail to:
Carol Moore, Director
U.S. Department of Commerce
Mississippi Export Assistance Center
175 East Capitol Street, Suite 255
Jackson, MS 39201

Or email your nomination to carol.moore@mail.doc.gov
Or fax to (601) 965-4132.  

For assistance or questions, contact

Carol Moore, Director
Mississippi Export Assistance Center
Carol.Moore@mail.doc.gov
(601) 965-4130

or
Jessica Gordon, International Trade Specialist
Mississippi Export Assistance Center
Jessica.Gordon@mail.doc.gov
(601) 965-4133

Economic Development News – September 21, 2009

September 21, 2009 Leave a comment

Financial experts say there are signs we’ve reached the bottom of the recession’s economic fall and the rebound has started or is nearing.  A national research group has named Jackson among the strongest performing metro markets where month-to-month tax losses are less severe and job losses not as steep as they have been.
http://tinyurl.com/mdeorr

Six months after its official opening, the Jackson County Small Business Incubator is nurturing eight enterprises and training dozens more potential business owners.
http://tinyurl.com/qaem6y

An aerospace park planned for property around the Golden Triangle Regional Airport will be marketed internationally once several pieces of the project are in place, an economic development official said.  Joe Higgins, CEO of the Columbus-Lowndes Development Link, says that …
http://www.starkvilledailynews.com/content/view/170983/1/
http://www.cdispatch.com/news/article.asp?aid=2943

A year after its opening, the B.B. King Museum and Delta Interpretive Center has drawn about 30,000 visitors to the Mississippi Delta town roughly 100 miles northwest of Jackson where the Grammy-winning singer/songwriter/guitarist once made his living on a cotton plantation.
http://www.usatoday.com/travel/destinations/2009-09-16-bb-king-museum_N.htm

Business and economic development professionals will gather Oct. 6 at Millsaps College to discuss “What Does Our Economic Future Hold?”  The economy will be the focus of the Else School of Management Fall Forum 2009.  Discussing the topic will be Ben Allen, president of Downtown Jackson Partners; Thomas J. Cunningham, vice president and associate director of research for the Federal Reserve Bank of Atlanta; and John H.  Turner, director of economic development for Entergy Mississippi.
http://tinyurl.com/lg2987

Sen. Thad Cochran (R-Miss.) announced the release of more than $14.1 million in federal funding to advance high-tech research and development in Mississippi with the objective of creating more jobs for the state.
http://msbusiness.com/blog/2009/09/federal-money-coming-for-high-tech-rd/

U.S. Commerce Secretary Gary Locke today announced a $1.1 million Economic Development Administration (EDA) grant to the Mississippi Band of Choctaw Indians in Choctaw, Miss., to help renovate an industrial facility in the Choctaw TechParc. The project is expected to create 220 jobs and generate $1.9 million in private investment, according to grantee estimates.
http://msbusiness.com/blog/2009/09/eda-gives-jobs-grant-to-choctaw/

Economic development leaders here (Vicksburg, Warren County) have been pushing for more regional undertakings to benefit all job-seekers in west central Mississippi and northeast Louisiana (editorial).
http://tinyurl.com/km4ok5

As Mississippi Gov. Haley Barbour and others reiterated to the delegates from 12 states and Puerto Rico, industrial development choices often can hinge on transportation infrastructure choices made years before.
http://www.siteselection.com/ssinsider/snapshot/moving-and-Not.htm

U.S. Education Secretary Arne Duncan has named four Mississippi public schools as “Blue Ribbon Schools.”
http://www.wreg.com/sns-ap-ms–blueribbonschools,0,391020.story

Hancock officials expect 2010 to mark big return of small business… 
Hancock Chamber director Tish Williams said a flurry of restaurants has opened throughout the county, and she released a census of businesses that have “made the grade and then some” during the hurricane recovery process.
http://www.southmississippi.biz/news/article.php?id=00151&vol=07

Site Selection magazine has named the Tennessee Valley Authority (TVA) and Entergy Corporation two of the Top Utilities of 2008. Mississippi Power received an honorable mention.
http://msbusiness.com/blog/2009/09/utilities-named-tops-by-site-selection/

If anyone in Jackson is unaware of the stakes facing the city in terms of overall economic development, downtown redevelopment and the need to grow urban residential opportunity, take a look around the city – then look at your metro neighbors in Rankin County.
http://tinyurl.com/lfdhdx

Economic development officials in Ascension Parish say a company is looking at a Mississippi River site for a $2 billion plant that could bring in 300 jobs.
http://www.pddnet.com/news-ap-officials-company-looking-at-ascension-parish-091509/

Southern Illinois leaders take center stage on issues of health care and economic recovery starting Tuesday during the annual meeting of the Mississippi Delta Grassroots Caucus in Washington, D.C.  . . .  focusing on health care reform and economic recovery for Mississippi Delta region from Southern Illinois to New Orleans.
http://tinyurl.com/nz2v6v

Economic Development Now – IEDC’s Federal Update Newsletter

This year MEDC will join with the Mississippi District Export Council (MSDEC), the U.S. Department of Commerce’s Export Assistance Center (MS USEAC), the Mississippi Development Authority and the Mississippi World Trade Center in sponsoring the Governor’s Awards for Excellence in Exporting to recognize one or more Mississippi firms for noteworthy success in maintaining or increasing export sales. 
http://www.buyusa.gov/jackson/

MEDC Calendar:
November 17 – MEDC Regional Chamber Workshop, Newton, MS “Connecting With Your Members”
December 8 – MEDC Member-to-Member Seminar, Jackson, MS “Existing Industry & Business – A Fresh Approach” with Chandler Russ, Director, EIB Division, MDA

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. 

 

 

 

 

Economic Development News – September 14

September 15, 2009 Leave a comment

In a recession where companies are consolidating and unemployment is rising, communities and economic development groups are giving area businesses the personal touch.  While issues vary by business, some general concerns are emerging these days, said Benjie Barham, director of business development for the Hinds County Economic Development District.
http://www.clarionledger.com/article/20090913/BIZ/909130342/1005

It’s among her responsibilities, she said, to make companies in the Southeast including Alabama, Florida, Mississippi, North and South Carolina, Tennessee and Georgia more aware of the opportunities for collaboration in research and development with companies in Quebec.
http://www.globalatlanta.com/articlevid/20380/572/

The number of hotel rooms in Vicksburg has grown by 25 percent over the past year, a growth rate is five times larger than the state industry average.
http://tinyurl.com/mv6zrv

“If we don’t get new taxes, we’re going to be in trouble,” Brown told the Community Development Foundation in Tupelo on Friday.
http://www.bellinghamherald.com/latestheadlines/story/1067168.html

Gov. Haley Barbour today announced the appointment of Les Range as executive director of the Mississippi Department of Employment Security.
http://tinyurl.com/lpcxcy

Economic development officials in Tupelo say a program to donate land to first-time homebuyers will help several families and contribute to urban renewal. http://tinyurl.com/mc42wf

“The purpose of this year’s (Leadership Summit at Mississippi State University) conference, ‘Creating the New Economy,’ is both to assess and to support the transition to the entrepreneurial, information rich, sustainable economy that we must achieve in the early days of the 21st century,” Richardson said. http://www.starkvilledailynews.com/content/view/166187/1/ 

President Barack Obama has named two nominees for the Tennessee Valley Authority board of directors.
http://www.nytimes.com/aponline/2009/09/10/business/AP-US-TVA-Directors.html?_r=1

The Mississippi Heritage Trust’s biennial 10 Most Endangered Historic Places list, unveiled Thursday night in Jackson, includes the Alcazar Hotel in Clarksdale, Arlington in Natchez and Church Street in Port Gibson.
http://tinyurl.com/lr852o

Cognevich to serve as SEDC chair.
http://tinyurl.com/moumky

The thrill is gone at many attractions across the country as recession-mired tourists stay home, but in Indianola, Miss., a favorite son is packing ’em in at the B.B. King Museum.
http://tinyurl.com/m84muy  

George County Board of Supervisors voted last week to join four, and perhaps five, other counties in forming the Regional Railroad Authority of East Mississippi. The rail authority seeks to build 50 to 55 miles of rail line, depending upon the exact route that will connect Waynesboro and Lucedale.
http://www.sunherald.com/news/transportation/story/1601071.html

Budget hearings to begin Sept. 21…Also appearing before the JLBC will be the State Tax Commission, the economic developers at the Mississippi Development Authority and Dr. Phil Pepper, the state economist.
http://www.clarionledger.com/article/20090913/COL0412/909130318/1171/OPINION

A $9.4 million proposal to convert a vacant building in the historic Mill Village neighborhood in Tupelo into loft-style apartments has received the housing tax credits needed to proceed.
http://tinyurl.com/kpdwp4  

Madison County will soon have a new hospital.  …”There is no question that we need a new hospital, and those of us in public service and economic development are 100 percent for this project.”
http://tinyurl.com/la2hgl  

Mississippi’s community colleges are seeing record-breaking enrollment for the fall of 2009.
http://msbusiness.com/blog/2009/09/two-year-schools-enrollment-soars/  

DeSoto County Economic Development Council President and CEO Jim Flanagan said he was saddened to hear of (Bob) Williams’ death. Williams served as the first chairman of the DeSoto County Economic Development Council.
http://www.desototimes.com/articles/2009/09/07/news/doc4aa55f505e03c947779955.txt  

The United States Mint announced today (Sep. 9) that the nation will honor Vicksburg National Military Park in Mississippi through its new quarter-dollar coin program. The Vicksburg design will be the ninth to be featured on coins released under the United States Mint America the Beautiful Quarters Program, and will be issued in 2011.
http://tinyurl.com/kouxb2  

“They’ll never hear you coming” may be Bad Boy Buggies’ slogan, but the builder of silent, electric-powered 4x4s is starting to scream.  Bad Boy Enterprises, which designs, manufactures and markets the buggies from its Natchez headquarters, is poised for big growth says its new CEO John Skrabo.
http://www.natchezdemocrat.com/news/2009/sep/13/new-ceo-ready-lead-bad-boys-expansion/  

The Mississippi World Trade Center in partnership with Northrop Grumman Ship Systems presents “Making Waves in a Sea of Change” international trade & small business conference for women & minorities scheduled for October 14-15 at the IP Casino Hotel & Conference Center in Biloxi.  Companies from across the state are invited to participate in this exciting and informative program beginning with a “Power Breakfast” and keynote speech by Brigadier General Catherine S. Lutz. http://www.mswtc.org/resources/documents/brochure.pdf

The 2008 Salary Survey of Economic Development Professionals in Mississippi is on the MEDC website. http://www.medc.ms/Salary_Surveys.html

Please note that this Economic Development News is provided via online links.  We are welcome your online news links for consideration for inclusion in this report.  We are not able to attach pdfs or word documents emailed to the MEDC office.  Do you have a google alert for news about your organization?  Go to
www.google.com and click on Settings to set up an alert.  You may be required to have a gmail account.

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. 

Economic Development News – September 6, 2009

September 14, 2009 Leave a comment

Partners for Pearl River County heard some real straight talk Monday night from an economics expert who pulled no punches during his presentation.
http://www.picayuneitem.com/local/local_story_244192248.html

Plans to expand downtown’s Renasant Center for IDEAs will move forward after officials learned Monday that they won a much-anticipated $2.7 million grant for the project.
http://tinyurl.com/malqln

Site Selection magazine has named the Tennessee Valley Authority (TVA) and Entergy Corporation two of the Top Utilities of 2008. And, it gave Mississippi Power an honorable mention.
http://msbusiness.com/blog/2009/09/utilities-rated-tops-by-site-selection/

A multi-media communications project produced by Marketing Alliance for the Sumter Development Board in Sumter, South Carolina received the Special Judges Award at the Communications Awards ceremony at the Southern Economic Development Council’s (SEDC) Annual Conference held recently in Point Clear, Alabama. 
http://msbusiness.com/blog/2009/09/marketing-alliance-wins-sedc-award/  

                                                                                     
Lee County and the CDF unveiled plans in July to double the size of the business incubator if they could obtain the grant. A 24,300-square-foot facility would be built near the existing 31,180-square-foot incubator.
http://www.miamiherald.com/news/americas/cuba/more/story/1212222.html

Keeping Jobs At Home: Strategies That Work …Two examples of successful partnerships are the Center for Manufacturing Excellence, created jointly by the University of Mississippi and Toyota Motor Corporation.
http://www.areadevelopment.com/laborEducation/august09/keeping-jobs-home-partnerships-incentives007.shtml

Program awards grants to DeSoto County teachers for classroom use …The sponsors are both the DeSoto County Economic Development Council and the United Way.
http://www.commercialappeal.com/news/2009/sep/04/teacher-rewards/

2009 Business Facilities Rankings Report …annual look at the top-ranked localities reveals those that are thriving as well as surviving. 
http://www.businessfacilities.com/bf_09_07_cover.php

Wicker: Severstal ‘testament to local economic development’
http://www.cdispatch.com/news/article.asp?aid=2722

Travel South USA, the official regional destination marketing organization for the 12 Southern state tourism offices, has announced that Mississippi Development Authority Tourism Division director D. Craig Ray has been elected as chairman of its board of directors.
http://tinyurl.com/looaae

State Rep. Billy Broomfield of Moss Point has been elected as vice chairman of the Economic Development, Transportation and Cultural Affairs Committee of the Southern Legislative Conference.
http://tinyurl.com/lajsdc

(Michael) Olivier, a former economic development official on the Mississippi coast, …will become chief executive of the Louisiana Committee of 100 on Oct. 15.
http://www.sunherald.com/218/story/1578589.html

News that the four-laning project was moving on schedule was welcomed by Philadelphia Mayor James Young, who described it as an economic development tool.
http://tinyurl.com/lmh2nz

Leadership Mississippi 2010-2011 is now accepting applications.  Deadline is October 2, 2009. 
www.leadershipmississippi.org

Assessment, asset mapping and addressing challenges are among the steps ahead for a Greater Starkville Development Partnership’s Education Committee.  The recently reorganized GSDP Education Steering Committee held an initial meeting Aug. 27, said GSDP President and CEO Jon Maynard.
http://www.starkvilledailynews.com/content/view/168548/60/

Tulane University plans to open its second satellite campus in the state of Mississippi in spring 2010, with first classes by its School of Continuing Studies starting next summer in the city of Madison, located north of Jackson, Miss.
http://media-newswire.com/release_1097992.html

The 12th class of Leadership Attala just completed their weekend retreat at Central Hills Baptist Retreat in Kosciusko.
http://tinyurl.com/mecv7h

Mississippi gives job help online …Traffic in WIN Job centers across the state remains strong, but not every county has one.
http://www.hattiesburgamerican.com/article/20090906/BUSINESS/909060325

Converting a vehicle to cleaner propane fuel saves money and the environment, and a coalition led by Blossman Gas of Ocean Springs has received $8.62 million in stimulus funds to bring the alternative fuel technology to the Southeast.
http://www.sunherald.com/business/story/1584565.html  

Please note that this Economic Development News is provided via online links.  We are welcome your online news links for consideration for inclusion in this report.  We are not able to attach pdfs or word documents emailed to the MEDC office.  Do you have a google alert for news about your organization?  Go to www.google.com and click on Settings to set up an alert.  You may be required to have a gmail account to do this. 

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. 

Economic Development News – August 24, 2009

September 14, 2009 Leave a comment

The 300-acre Jackson County Aviation Technology Park’s designation as Project Ready in a Mississippi Power economic development program was celebrated in an airport hangar Thursday. George Freeland, executive director of the Jackson County Economic Development Foundation, said the certification gives the site adjacent to the Trent Lott International Airport an extraordinary competitive position.
http://tinyurl.com/l2zwse

The expansion will more than double BNSF’s shipping capacity . . .  if need dictates, BNSF can double again in the future.  The intermodal yard is located in Southeast Memphis, very close to the DeSoto County market, which has been enjoying positive absorption of industrial space for the last several years.
http://msbusiness.com/blog/2009/08/burlington-northern-santa-fe-to-expand/

An Arkansas-based consulting firm is in Natchez this week meeting with representatives from several public and private entities to discuss the Natchez-Adams Economic Authority. Natchez-Adams Chamber of Commerce President Debbie Hudson said the meetings came as a result of…
http://www.natchezdemocrat.com/news/2009/aug/21/hired-firm-talking-eda

Downtown officials study Oxford’s redevelopment.
http://tinyurl.com/nd93fk

“It is big for Ridgeland and Madison County,” Tim Coursey, executive director of the county’s Economic Development Authority, said of 200 Renaissance. “Those are three major companies.”
http://tinyurl.com/n37zxx

More than half of the $4.9 billion in Gulf Opportunity Zone bonding authority remains available for economic development projects in areas affected by hurricanes Katrina and Rita nearly four years ago.
http://www.clarionledger.com/article/20090816/BIZ/908160360/1005

About 14 years after the district was created by the city of Ridgeland to give the area a 19th century feel, the West Jackson Street Overlay District has become a hot spot for local businesses, as well as a hub for special events.
http://tinyurl.com/nqs4v3

David Vowell, president of the Philadelphia-Neshoba County Community Development Partnership, said he expects “the whole community” will support Young and that he’s “off to a good start.”
http://tinyurl.com/mmdm9r

The innovative curriculum for this course comes from the Southern Entrepreneurship Program (SEP) developed by Dr. Brent Hales of the Trent Lott National Center of Excellence in Economic Development and Entrepreneurship at the University of Southern Mississippi.
http://www.meridianstar.com/local/local_story_235011657.html

Entergy, the second largest operator of nuclear plants in the country, is also considering putting a new reactor at its Grand Gulf nuclear station in Mississippi. That site already holds an early site permit from nuclear regulators.
http://www.reuters.com/article/bondsNews/idUSN218659820090821

After nearly a year, Mississippi Home Corp. is again issuing bond-backed mortgage loans, thanks to an easing credit market. The agency announced Tuesday that $25 million will be available.
http://tinyurl.com/lzf8lx

Elected officials study ‘Economic Development 101’
http://tinyurl.com/ntovkk

Mississippi Investment Petroleum Co. has preliminary work under way in Houston after it leased and took over the Tri-State Petroleum Products refinery.
http://nems360.com/bookmark/3246073

Chandler Russ, a former Brookhaven-Lincoln County Chamber of Commerce executive vice-president who is now director of MDA’s Existing Business and Industry Division, cited the importance of retention and expansion of existing business and industry at all levels.
http://www.zwire.com/site/news.cfm?newsid=20359214&BRD=1377&PAG=461&dept_id=172922&rfi=6

“The need for an assisted living facility has long been discussed in Brookhaven, and the presence downtown should prove to be a great asset,” (Chamber of Commerce Executive Vice-President Cliff Brumfield) said.
http://tinyurl.com/lqjzkb

Burns Cooley Dennis Inc., a Mississippi-based geotechnical and materials engineering firm with an office in Gulfport, received a 2009 National Honor Award from the American Council of Engineering Companies (ACEC) for its work on the U.S. 90 over St. Louis Bay Bridge project.
http://southcentral.construction.com/news/ms/

Cities and counties can apply for up to $1M with ZERO percent match on the Brownfield Assessment Coalition Grant.  MDEQ will work with communities to assist them in their efforts, but with the deadline a mere 60 days away, they must get started now.  Guidelines are at:
http://www.epa.gov/oswer/grants-funding.htm

The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce it has awarded Rachael Tackett, owner of the new Rachael’s boutique women’s clothing store in Greenwood, Mississippi, a $12,938 economic development grant through Community Bank.
http://www.globenewswire.com/newsroom/news.html?d=171322

The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce it has awarded Mario Valera, owner of the new Domino’s Pizza in Indianola, Mississippi, a $5,217 economic development grant through Community Bank.
http://www.globenewswire.com/newsroom/news.html?d=171745

In partnership with Advance Mississippi, Rep. Brian Aldridge (R-Tupelo) and consumer conservation subcommittee and legislative partners recently toured North American Coal Corporation’s Red Hills Lignite Mine and Power Plant.
http://www.msbusiness.com/article.cfm?ID=8821

The Mississippi World Trade Center (MSWTC) has earned professional certification in four service categories after completing and passing a rigorous certification process conducted by the World Trade Centers Association (WTCA).
http://www.msbusiness.com/article.cfm?ID=8820

ARRA has provided authority to expand leverage for the Small Business Investment Companies (SBICs) and increase investments in smaller enterprises.
http://www.wildman.com/bulletin/071609/
http://www.sba.gov/idc/groups/public/documents/sba_program_office/inv_rcvry_act_sbic_changes.pdf
For a listing of SBICs go to: http://www.sba.gov/aboutsba/sbaprograms/inv/inv_directory_sbic.html

A proposed 47-acre mixed-use development known as the Livingston Township has received zoning approval from the county, but failed to receive some specific variances requested by developers.
http://www.onlinemadison.com/main.asp?SectionID=1&SubSectionID=1&ArticleID=21725&TM=18084.88

“Community Bank will do whatever it takes to help our customers, and our town, succeed,” said Ms. Baird. “The FHLB EDPPlus grants have provided much needed capital to start up local businesses, and in small Delta towns, we need every possible advantage to encourage new business development, especially in the current economic downturn.”
http://www.globenewswire.com/newsroom/news.html?d=171745

The International Economic Development Council, in partnership with GrantStation, brings you the GrantStation Insider each week. The GrantStation Insider provides you with the latest information on new funding programs, upcoming grant deadlines, conferences, trainings, and relevant information for grantseekers.
http://www.grantstation.com/insider_cobrands/International_Economic_Development_Council.asp

The Mississippi World Trade Center has acquired statewide exclusive distribution rights to CenTradeX, the premier source for comprehensive global business intelligence and cordially invites you to attend a VIP Preview. CenTradeX President, Chuck Wigand and Executive Director Mark Condon will be in Jackson at the MSWTC conference room on August 26-27 for a presentation and kick-off demonstration of this new power tool for trade and foreign direct investment.
http://www.mswtc.org/events/Demoflyer.pdf

Carol Hardwick, Executive Director
Mississippi Economic Development Council (MEDC)
P. O. Box 3721, Jackson, MS  39207
www.medc.ms
MEDC is Mississippi’s professional association of economic development and chamber of commerce professionals. 

MDA Launches New Web Site

September 14, 2009 Leave a comment

Mississippi Development Authority Launches Web Site to Provide Information, Answer Questions about MDA Economic Stimulus Programs

Jackson, Miss. (April 17, 2009) – In tandem with Governor Barbour’s April 16th “Mississippi Stimulus Summit,” the Mississippi Development Authority (MDA) launched a Web site dedicated to providing information about the programs MDA will oversee as a result of the American Recovery and Reinvestment Act of 2009 (ARRA). 

This $787 billion economic stimulus legislation has allocated up to $2.8 billion to the state of Mississippi, and it provides the opportunity for states to acquire additional funding through a competitive grant process. The Web site, http://stimulus.mississippi.org, is in place to provide detailed information about each of the programs MDA will be administering; updates will be made to the site as additional information becomes available.

At the Web site, visitors can find descriptions and detailed information regarding the following programs:  Community Development Block Grant Program, Homelessness Prevention and Rapid Re-Housing Program, Neighborhood Stabilization Program, State Energy Program and Energy Efficiency and Conservation Block Grant Program.  These programs will be administered by MDA’s Community Services and Energy Divisions.

Information about the following tax incentives can also be found at the Web site:  Small Issue Industrial Development Bonds, Build America Bonds, Qualified School Construction Bonds, Qualified Zone Academy Bonds and New Markets Tax Credits. MDA’s Financial Resources Division will oversee these financing options and tax incentive programs.

“This Web site has been created to provide the most current information available to MDA pertaining to each of the ARRA programs we will administer,” said Gray Swoope, executive director of the Mississippi Development Authority.  “Many people have questions regarding this economic stimulus legislation, and our site has been designed to help address the questions that relate to these programs. The Web site will be updated as new information becomes available, so I encourage visitors to check back often.”

For more information about the programs listed above, please visit http://stimulus.mississippi.org

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About Mississippi Development Authority

Mississippi Development Authority is the State of Mississippi’s lead economic and community development agency. Nearly 300 employees are engaged in providing services to businesses, communities and workers in the state. While the agency is best known for its efforts to recruit new businesses to Mississippi, the Authority provides services to promote tourism, help communities improve their quality of place, help existing employers identify and meet opportunities and challenges and help workers improve their skills – all with the goal of improving the quality of life and economic well-being of Mississippians. For more information, visit MDA’s website at www.mississippi.org.