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Steel pioneer, Mississippi Silicon investor Correnti dies

From the Mississippi Business Journal:  John Correnti, a pioneer in steel making who left a significant mark on Mississippi, has died at 68, according to published reports. Correnti, who was in Chicago for a meeting of the board for Navistar International Corp., was found  dead in his hotel room Tuesday apparently from natural causes, the […]

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Posted in Business news, Economic development, International, Manufacturing, National, Northeast Mississippi, State0 Comments

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Ashley Furniture ownership to stay in the family

The Milwaukee Journal Sentinel reports that Ashley Furniture Industries, the world’s largest furniture manufacturer and retailer, is keeping the business family-owned: The company said in a statement Monday that its shareholders, “after exploring potential investment options earlier this year, have decided to retain all of their Ashley stock.” “After many discussions with several great firms, […]

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Posted in Business news, Ecru, Furniture, Manufacturing, National, Northeast Mississippi, Ripley, State, Verona0 Comments

Randy Kelley

Three Rivers’ Kelley named among top 50 economic developers

Three Rivers Planning and Development District Executive Director Vernon R. “Randy” Kelley III has been named one of North America’s top 50 economic developers for 2015. Kelley was named to the list by Consultant Connect, a Kalamazoo, Michigan-based consulting agency that links economic developers and site consultants. The economic developers selected were nominated by their […]

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Posted in Business news, Business newsmakers, Community development, Economic development, Mississippi Development Authority, Northeast Mississippi, Pontotoc, State, Tennessee Valley Authority, TVA0 Comments

Treasury Dept

State gets $4.4 million for small business help

The U.S. Treasury Department has awarded Mississippi more than $4.4 million in State Small Business Credit Initiative funds, which will be disbursed by the Mississippi Development Authority. The funds will help the state’s small businesses with accessing the capital needed to grow and create jobs. To date, more than $13 million in SSBCI funds have been […]

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Posted in Business news, Economic development, Employment and jobs, Mississippi Development Authority, National, Northeast Mississippi, State0 Comments

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MDA named among top 10 economic development groups in U.S.

From MDA: The Mississippi Development Authority has been ranked No. 9 among the Top 10 State Economic Development Organizations in the U.S. based upon research conducted by the American Economic Development Institute and Pollina Corporate Real Estate Inc., the national leader in corporate site selection. “I am proud to see the efforts of the MDA team […]

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Posted in Business news, Economic development, National, State0 Comments

Brandon Presley

Report: Miss. electric co-ops don’t have a lot of spare cash

From Jeff Amy of the Associated Press: A review of Mississippi’s 25 electrical cooperatives shows that the utilities have relatively little spare cash that they should be refunding to customers. The review followed claims by Northern District Public Service Commissioner Brandon Presley that cooperatives had $160 million in cash. It turns out much of that […]

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Posted in Business news, Energy, Northeast Mississippi, State0 Comments

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KiOR files for bankruptcy; Mississippi subsidiary doesn’t

From the Associated Press:  Biofuel maker KiOR Inc. has filed for bankruptcy, although its Mississippi subsidiary has not, preserving the chance that its Columbus plant could be sold quickly. The company, based in Pasadena, Texas, filed for Chapter 11 bankruptcy protection late Sunday in U.S. Bankruptcy Court in Delaware, where it’s incorporated. KiOR defaulted on […]

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Posted in Business news, Economic development, Energy, Manufacturing, State0 Comments


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