Archive | Economic development

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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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Cooper Tire investing nearly $2M in expansion at Tupelo plant

Cooper Tire & Rubber Co. is investing nearly $2 million to expand its plant in Tupelo. The project will add 14,000 square feet to the southeast side of the manufacturing facility on South Green Street. Anne Roman, vice president of communications and public affairs for Cooper Tire, said, “Cooper has been making investments in our manufacturing facilities […]

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Posted in Business news, Cooper Tire, Economic development, Employment and jobs, International, Manufacturing, National, Northeast Mississippi, Tupelo2 Comments

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Tecumseh to merge with Mueller, private equity firm in $123M deal

Tecumseh Products Co. announced today a merger agreement with an affiliate of Mueller Industries and private equity firm Atlas Holdings. Tecumseh, which manufactures compressors and related products around the world including at a plant in Verona, said the deal is value at about $123 million, including the assumption of some debt by Mueller and Atlas. Tecumseh shareholders are being […]

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Posted in Business news, Economic development, Employment and jobs, International, Manufacturing, Mississippi Development Authority, National, Northeast Mississippi, Verona0 Comments

Aerial view of the Mississippi Silicon site in May

Lawsuit against Mississippi Silicon dismissed

A lawsuit seeking to stop the Mississippi Silicon plant in Burnsville was dismissed Thursday by the U.S. District Court for the Northern District of Mississippi. “Mississippi Silicon is very pleased with the ruling issued by the federal judge for the U.S. District Court for the Northern District of Mississippi to dismiss Globe Specialty Metals’ complaint […]

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Posted in Business news, Construction, Economic development, Employment and jobs, International, Manufacturing, National, Northeast Mississippi0 Comments

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Study shows Mississippi tourism advertising pays off

A study by independent research firm DPA shows tourism is big business in the state, according to the Mississippi Tourism office. DPA completed an ad effectiveness study that examined consumer response and return on investment for tourism advertising during last year’s Mississippi Homecoming campaign. The study concluded that for every dollar invested in tourism advertising promotion, […]

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Posted in Business news, Economic development, tourism1 Comment

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Mueller investing nearly $60 million to modernize Fulton facility

Mueller Industries, which has been a fixture in Itawamba County for 43 years, is in the midst of a nearly $60 million renovation of its Fulton facility. The Mueller facility began as one mill but has grown to two mills. It makes copper tubes, copper tube fittings and line sets for the plumbing and air conditioning industries. […]

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Posted in Business news, Community development, Economic development, Employment and jobs, Fulton, International, Manufacturing, National, Northeast Mississippi0 Comments

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Tupelo Furniture Market releases new promotional video

We’re a month away from the Fall Tupelo Furniture Market (yes, hard to think it’s a “fall” market when its 100 degrees outside), and officials there have made a new video touting the market and Mississippi-made furniture. Click here for the link. The video has it’s own take about the Magnolia State, acknowledging we may talk […]

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Posted in Business news, Economic development, Employment and jobs, Furniture, Manufacturing, National, Northeast Mississippi, Tupelo, Tupelo Furniture Market1 Comment


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