Home > Chambers of Commerce, Economic Development News > Economic Development News Week of November 16, 2009

Economic Development News Week of November 16, 2009

Mississippi lawmakers Senator Thad Cochran and Senator Roger Wicker are seeking a two-year extension of the Gulf Opportunity Zone (GO Zone) bonus depreciation tax incentive.

John C. Stennis Space Center now has a technology park that the federal city hopes will attract new companies.

Mississippi Power Co. has received the first level of regulatory approval in its effort to build a new coal-powered generating plant in the east-central part of the state.

Should Mobile regain an aircraft assembly contract, about 7,000 jobs would be created within 100 miles of the city, representing a major business opportunity Jackson County has long said it hopes to tap into.

The Jackson County Economic Development Foundation used last week’s annual investors’ meeting to update progress of two major projects and rally support for another that could greatly affect our area.   In the middle of a national recession, the reports were particularly encouraging.

Mississippi was spared the full wrath of Tropical Storm Ida, but the Mississippi Emergency Management Agency reports there were damages.

Jay Moon has been elected secretary/treasurer of the International Economic Development Council board of directors, serving a one-year term. He is president and CEO of the Mississippi Manufacturers Association. He previously served as deputy director and director for international development with MDA.

Officials in north Mississippi’s DeSoto County say they’re optimistic about growth because of a recent increase in the number of building permits.

The effect on customers wasn’t clear, but Entergy Mississippi executives testified Thursday that increasing the output capacity at Grand Gulf Nuclear Station — making it the nation’s largest single reactor — is the least expensive way to meet regional electricity demand.

The Mississippi Minority Business Alliance (MMBA) honored Entergy Mississippi Inc. with the Flame Award at the organization’s ninth-annual Awards Gala. The Flame Award is given in recognition of and appreciation for exceptional support of minority business efforts in Mississippi.

Glenn McCullough of Tupelo, who chairs the organization, says if the state wants more jobs, Mississippi must first expand its energy infrastructure.

During Friday’s meeting of the Lowndes County Board of Supervisors, Board President and District 1 Supervisor Harry Sanders presented a plan to fund ongoing and proposed projects in the county, without increasing taxes.

A development in the works along I-20 aims to bring something besides the usual retail to the growing area.  Dirt work has begun on Vantage Pointe at Riverwind, to be built on 25 acres along I-20 near Pearson Road.

Each year, Southern Growth Policies Board starts a conversation in the South on a particular issue related to economic development. This year, Southern Growth would like your help in discussing how communities can respond to current economic challenges — ranging from job losses to home foreclosures to government cutbacks — while at the same time positioning themselves for success in the future.

MEDC Member-to-Member Seminar Series
Registration deadline Dec. 3

On December 8, MEDC continues its Member-to-Member Seminar Series in Jackson with “EXISTING INDUSTRY & BUSINESS – A FRESH APPROACH” with Chandler Russ, Director of the Existing Industry & Business Division at the Mississippi Development Authority.  Russ will talk about the EIB Division’s programs and new items they have or may be proposing.  11:30 to 1:00 (lunch included) . $30 registration (advance registration required) . www.medc.msBring a friend or business associate!

MEDC Scholarship Application Period Open
MEDC is now taking applications for scholarships for 2010 courses – Attend national professional development courses (EDI, CDI, IOM and New South) in 2010 and let MEDC pay your tuition.  Apply now for your scholarship – go to www.medc.ms and click on Professional Development for an application – funded by MEDC, MDA, Mississippi Power Company and Tennessee Valley Authority. Application deadline is November 30.

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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