Home > Chambers of Commerce, Economic Development News > Economic Development News – Week of April 5, 2010

Economic Development News – Week of April 5, 2010

Mississippi Economic Development News – Week of April 5, 2010

Twin Creeks Technologies, a venture-backed solar technology company, is locating a solar panel manufacturing facility in Senatobia. The production facility will create 512 jobs, in two phases, over the next five years and represents a company investment of more than $175 million.

Gov. Haley Barbour’s announcement Friday of a cutting-edge solar panel manufacturing plant in Senatobia turned DeSoto County’s eyes southward again.

Grenada plant expanding.  A $300,000 investment by the company, the expansion will create 40 new jobs, bringing the total number of employees at the Grenada facility to 180.

A pipeline contractor has announced it will expand its Hazlehurst operation, adding a fabrication shop and 25 new jobs at its facility.

GE Energy Financial Services is investing $150 million in a liquefied natural gas receiving terminal under construction in Mississippi that will increase natural gas supplies to the Northeast and Southeast.

Mississippi is on track to exceed its projected monthly tax collections for the first time in more than a year and a half.

Last year was slow for economic development, but this year’s a different story, Columbus-Lowndes Development Link CEO Joe Higgins said Monday.

University officials say the new high-tech solar panel company planting roots in northern Mississippi could help plug the “brain drain” by keeping more engineers trained in the state from leaving upon graduation.

The Mississippi Development Authority (MDA) will lead a delegation of state business leaders on a business development mission to Chile, Ecuador and Peru from June 16-25, 2010.

“Eliminating eminent domain is a good way to severely hurt Mississippi’s ability to compete for economic development and create more and better jobs,” Barbour spokesman Dan Turner said of the petition.

U.S. Sens. Thad Cochran and Roger Wicker reported that more than 30 Mississippi airport facilities, including the   Kosciusko-Attala Airport, will benefit from $8.6 million in federal Airport Improvement Program grants awarded by the U.S. Department of Transportation.

To ensure ongoing community and economic development success and completion of the Golden Triangle Industrial Aerospace Park, Columbus-Lowndes Development Link officials extended the term of Link CEO Joe Higgins’ contract.

Officials say the Ocean Expo Learning Center will be built in D’Iberville.

Blake A. Wilson: Proposed lignite plant would rate among best in the world

Music-and-audio innovator Hartley Peavey received the 2010 MIPA Hall of Fame Lifetime Achievement Award, the highest honor in the global music-products industry, at the Musikmesse International Press Awards in Frankfurt, Germany, on March 25.

Join the MEDC group for members only on LinkedIn.

The Economic Development News is a weekly service provided to members of the Mississippi Economic Development Council (MEDC), Mississippi’s state association of economic development and chamber of commerce professionals – www.medc.ms

Carol Hardwick, Executive Director
Mississippi Economic Development Council (MEDC)
P. O. Box 3721, Jackson, MS  39207
MEDC Member-to-Member Seminar . April 13 . Jackson
MEDC 2010 Summer Conference . July 21-23 . Beau Rivage . Biloxi

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