Home > Chambers of Commerce, Economic Development News > Economic Development News Week of November 2, 2009

Economic Development News Week of November 2, 2009

Jackson, Mississippi ranks eleventh in Business Week’s Forty Strongest U. S. Metro Economies.

Officials with CE-Bio, LLC, have unveiled plans to locate a nutritional supplements manufacturing facility in a 57,000-square-foot plant at the Metro Industrial Park in Olive Branch.

Start-up company Meridian Furniture held a ribbon cutting ceremony at recently renovated facilities in Iuka.  The company will initially employ 75 people, with as many as 150 jobs expected to be created as they expand.

G&G Steel recently completed a $950,000 expansion that is expected to increase employment at the company from its current 30 to about 140 employees.

A financial hitch has delayed legislative action for a company that plans to build a $300 million factory in the Mississippi Delta, but lawmakers say they still expect the project to come through.

Leaders of the largely rural Appalachian rural belt that runs from southern New York to northern Mississippi are seeking ways to use alternative energy initiatives to spark the 13-state region’s long-sluggish economy.

Foreign firms flock to south Mississippi.  At least 18 companies have ties to foreign shores. They include some of the most recognizable names in the world, such as the United Kingdom’s Rolls-Royce and BAE Systems and Italy’s Finmecanica.

After sitting gutted and empty for years, an historic, pioneering department store is getting new life as a luxury corporate apartment building in Vicksburg.

Whit Hughes, deputy director of the Mississippi Development Authority, said a regional mindset for economic growth makes sense, especially when wooing foreign investors.  “When the economy does improve, they’ll be looking for low-cost, high quality options such as our states,” he said.

The Alliance, made up of business leaders, economic development officials and government officials, hopes the aerospace industry’s already significant presence in the Gulf South region will persuade the Department of Defense to award Northrop Grumman the task of replenishing the Air Force’s fleet of refueling planes.

Lyn Arnold, executive director of the Tunica County Chamber of Commerce, says Tunica’s efforts to attract more manufacturers are continuing to move forward.

Sandy Holifield, who handles commercial development for the Jones County Economic Development Authority, said Wednesday that officials are “real excited” about the openings.

The Stone County Economic Development Partnership (SCEDP) has helped Stone County become among the first counties in the state to take part in the Mississippi Development Authority’s (MDA’s) asset mapping project. Asset mapping identifies, categorizes and quantifies a community’s assets.

Community Development Foundation President David Rumbarger of Tupelo Miss., shows off one of the Apple Macbooks, Tuesday, Oct. 27, 2009, that will be given to every student from 6-12 grades starting next year. The program is part of a partnership between the Tupelo Public Schools District and Apple.

Three multimillion-dollar projects planned for the Northside (Jackson) have been temporarily put on hiatus as developers weather the economic storm and wait for contracts to be finalized.

Several Web sites serve up a wealth of information about home-based businesses, from different types of businesses to tax considerations and avoiding work-at-home schemes.

We agree with assessments that suggest the deepest part of the recession may be past, but as Community Development Foundation President David Rumbarger said last week, “We don’t know how steep the climb is on this side of the valley.”

Congress has provided $25 million for engineering and other preparations for storing some the nation’s petroleum reserves in the Richton Salt Domes.

The Mississippi Gulf Resort Classic, featuring some of the top golfers on the Champions Tour, will be played at Fallen Oak Golf Course on April 28-May 2, 2010.

An Arkansas company expects to complete by mid-December its acquisition of Greenwood’s PYCO oil mill.

The Mississippi Manufacturers Association and the Manufacturing Extension Partnership of Mississippi present “Profit 101” and “Sales Development” Wednesday, Nov. 11, to help manufacturers improve their businesses.

Join the MEDC group on LinkedIn – http://www.linkedin.com/groupRegistration?gid=2323556 (members only)

Register now for the Nov. 17 MEDC Regional Chamber Workshop Series — in Newton featuring Shane Moody of the Destin Area Chamber (back by popular demand).

Attend national professional development courses (EDI, CDI, IOM and New South) in 2010 and let MEDC pay your tuition.  Apply now for your scholarship – www.medc.ms – Professional Development – funded by MEDC, MDA, Mississippi Power Company and Tennessee Valley Authority.

Register now for the Dec. 8 Member-to-Member Seminar in Jackson featuring Chandler Russ, Director of the Existing Industry and Business Division at MDA.

Go to www.medc.ms for registration and scholarship information.

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

MEDC is Mississippi’s professional association of economic development and chamber of commerce professionals. 

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