Home > Chambers of Commerce, Economic Development News > Economic Development News – September 28, 2009

Economic Development News – September 28, 2009

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.

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.

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.

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.

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.

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.

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.

A new license plate supporting the Mississippi Blues Trail will be available soon.

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…

As the restructuring of city tourism operations continues, the Oxford Tourism Council has effectively split the department’s top job into two.

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.

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.

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.”

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.

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.

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.

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.

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
MEDC 2010 Winter Conference . February 3-5 . Hilton . Jackson
MEDC 2010 Summer Conference . July 21-23 . Beau Rivage . Biloxi

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