Home > Economic Development News > Economic Development News – August 24, 2009

Economic Development News – August 24, 2009

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.

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.

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…

Downtown officials study Oxford’s redevelopment.

“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.”

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.

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.

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.”

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.

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.

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.

Elected officials study ‘Economic Development 101’

Mississippi Investment Petroleum Co. has preliminary work under way in Houston after it leased and took over the Tri-State Petroleum Products refinery.

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.

“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.

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.

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:

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.

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.

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.

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).

ARRA has provided authority to expand leverage for the Small Business Investment Companies (SBICs) and increase investments in smaller enterprises.
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.

“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.”

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.

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.

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

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