Economic Development News Week of December 21, 2010
GE Aviation is expanding its operation in Batesville, which produces composite components for the GEnx jet engine that will power Boeing’s new 787 and 747-8 aircraft. With the expansion, GE Aviation will add an additional 350 jobs over the next few years. The facility currently employs more than 100 employees.
HomeStretch LLC, an upholstered furniture manufacturing company, is setting up operations in Nettleton. The new company is an investment by owners William “Skipper” Holliman and Gentry Long that will create 140 new jobs over the next four years.
Alan Bates, Executive Director of the Choctaw Economic Development Foundation commented, “We are happy to be able to support Raven in its efforts to build a biorefinery in our county. We look forward to the potential job creation and several other direct and indirect economic benefits to the region.
Harrison County supervisors on Monday gave the go-ahead to buy land in Saucier for the North Harrison County Industrial Park. “It will take between two and three years to get the infrastructure in,” Barnett said. He estimates the park will be ready for tenants in 2013.
Two Entergy projects were honored in a group of three finalists for Power Engineering Magazine’s 2009 Nuclear Project of the Year.
During the third quarter, Jackson ranked first among the 100 metropolitan areas in one-year percentage point change in unemployment. The city ranked second in one-year change in housing prices. Jackson’s goods produced, gross metropolitan product, grew by 1.5 percent when compared to the previous quarter.
Jackson Mayor Harvey Johnson Jr. called The King Edward a phoenix risen from the ashes as he and others gathered to mark the opening of the King Edward Hotel.
Rentech, based in Los Angeles, owns the 450-acre former International Paper Company site on the Mississippi River in Adams County near Natchez. It has blueprints for a synthetic jet fuel plant and now it has something else. Last week, 13 airlines signed a memorandum of understanding with Rentech to buy all the synthetic fuel it can make, perhaps about 250 million gallons per year.
“If you’re an entrepreneur with intellectual property in smart materials – high performance materials – and you want to start and grow a company, we think we have a unique facility for you to do that,” said Cecil Burge, vice president for Economic Research and Development at the University of Southern Mississippi.
Despite giving a litany of dismal double-digit figures for spending cuts, Keenum ended his speech to the DeSoto County Economic Development Council on a high note at the DeSoto Civic Center.
The Mississippi Technology Alliance is offering a series of free webinars focused on preparing companies for private investment. Based upon the Goldsmith Commercialization Model, each of the eight webinars will address one aspect of the venture development process.
AirTran Airways has made public plans to resume scheduled service from Gulfport/Biloxi to the carrier’s hub in Atlanta and add new service from Gulfport/Biloxi to Tampa/St. Petersburg, Fla.
These partners developed Balance Recruiting With Entrepreneurship (BRWE) guidelines for the state and presented them to Momentum Mississippi and Gov. Haley Barbour. http://gwcommonwealth.com/articles/2009/12/17/opinion/columns/12172009column01.txt
According to Reason Foundation’s “18th Annual Highway Report,” Mississippi’s highway system ranks 27th in the nation in overall efficiency and cost-effectiveness. And, the Magnolia State was one of only three states to post double-digit gains.
The three-year, 38-state study that will include Mississippi will verify if high tunnels are effective in reducing pesticide use, keeping nutrients in the soil, extending the growing season, increasing yields and providing other benefits to growers.
MEDC 2010 Winter Conference . February 3-5 . Hilton . Jackson
“Reinventing Renewing Refocusing During Challenging Times”
Registration is now open. Go to www.medc.ms for registration information.
A block of rooms at the Hilton is being held until January 3, 2010.
Sponsors – sign up now to have your weblink on the MEDC Conference registration info page.