Mississippi Economic Develoment News – Week of March 29, 2010
Mississippi Economic Development News – Week of March 29, 2010
MEDC Member-to-Member Seminar – April 13 – “Nuclear Energy and Mississippi” – with Kenneth Hughey, Vice President of Business Development of Entergy Nuclear. Information and registration form at www.medc.ms
Lane Furniture Industries is expanding two of its Lee County locations to accommodate an increase in production, creating 186 new jobs, bringing the total number of Lane employees in Lee County to 2,051. Eighty-five of the jobs created through the expansion are already in place.
A $118 million expansion to the plant that will allow it to build Nissan’s first light commercial vehicles for the North American market has wrapped up, and about 600 of the plant’s 3,300 employees are training to help make the vehicles.
Economic development officials, legislators and others believe Mississippi’s next cash crop is its musical heritage.
After talks of revitalizing the (C&G) rail line, companies are already expressing interest in locating there.
Gov. Haley Barbour has signed a bill that would provide furniture manufacturers a $2,000 tax credit for new cut-and-sew workers.
Mississippi lawmakers are adjusting their calendar to allow more time for budget writing, and they’re hoping an infusion of federal cash will make their job easier.
State lawmakers’ biggest task upon returning to the Capitol next month will be balancing the budget for the coming year, but legislators also have local and private bills to work out.
Jon Maynard, president and CEO of the GSDP, also was pleased with the potential improvements in and around the Raspet Flight Research Laboratory, with the planned expansion of Golden Triangle Regional Airport and plans to expand the current Lowndes County Industrial Park into the Golden Triangle Regional Global Industrial Aerospace Park.
Most of Mississippi’s counties and the city of Jackson have received $225 million in “recovery zone” facility and economic development bonds from the stimulus package.
Pascagoula’s five-year plan: Goals include world-class marina, moving wastewater plant.
MEC President Blake Wilson is clear that early childhood is a key to education success and ultimately the success of the state and its businesses, which depend on a thriving educated and skilled workforce.
Charlie Furman, external relations manager for Severstal, says the increased bridge capacity will be right on time for the company’s expansion. By the end of 2011, Severstal hopes to increase its capacity from melting 1.7 million tons of steel each year to 3.4 million tons, which will result in approximately 100 new jobs.
Northrup mulling longer workweek.
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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