Archive | Economic development

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Tupelo CVB will match tourism events up to $15,000

Got an event or festival for Tupelo that can boost tourism and promote Northeast Mississippi? How would you like some money to go toward promoting that event?  The Tupelo Convention and Visitors Bureau has announced its matching grant program for event promotion for fiscal year 2015.  The program’s goal is to fund the promotion of special events and festivals that […]

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Posted in Business news, Economic development, Northeast Mississippi, tourism, Tupelo, Tupelo Convention & Visitors Bureau1 Comment

Japan-US

Tupelo mayor, CDF leaders joining delegation to Japan

Tupelo Mayor Jason Shelton and members of the Community Development Foundation will join Gov. Phil Bryant and Yates Construction President and CEO William Yates III as part of a delegation of economic development professionals and business leaders to Tokyo, Japan for the 37th Annual Joint Meeting of the Southeast U.S./Japan and the Japan – U.S. Southeast Associations, or […]

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Posted in Business news, Community Development Foundation, Economic development, International, Mississippi Development Authority, National, Northeast Mississippi, State, Tupelo0 Comments

Stack of coins

NAM study: Federal regulations cost economy $2 trillion

According to a study by the National Association of Manufacturers, complying with federal regulations costs Americans $2.028 trillion in lost economic growth annually, or about 12 percent of total GDP that could be invested back into the nation’s businesses.  More from NAM: The study, conducted by economists Nicole V. and W. Mark Crain, concluded that manufacturing […]

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Posted in Business news, Economic development, Manufacturing, National0 Comments

Newport HF logo

Newport Home furnishings expanding in New Albany

Upholstered furniture manufacturer Newport Home Furnishings in New Albany is expanding its operations and adding 45 new jobs, the company announced today through the Mississippi Development Authority. Newport was founded in 2013 and builds stationary and motion sofas, loveseats, chairs, and recliners. According to MDA, the project represents a corporate investment of $270,000. The MDA provided assistance in support […]

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Posted in Business news, Economic development, Employment and jobs, Furniture, Manufacturing, New Albany, Northeast Mississippi0 Comments

Print

KeyTronic acquires Ayrshire Electronics for $46.9M

Spokane, Washington-based Key Tronic Corp. closed on a deal to buy CDR Manufacturing, otherwise known as Ayrshire Electronics, for $46.9 million in cash. Ayrshire has a manufacturing facility in Corinth, which is unaffected by the move. The facility employs 186 people. “Ayrshire Electronics has been a great partner and growing employer in Corinth,” said Gary […]

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Posted in Business news, Corinth, Economic development, Employment and jobs, Manufacturing, Mergers & acquisitions, National, Northeast Mississippi1 Comment

HomeStretch logo

Furniture maker HomeStretch expanding, adding 60 jobs

Upholstered motion and recliner furniture manufacturer HomeStretch is adding 60 jobs to its Nettleton plant, officials said today. The company, founded four years ago by Skipper Holliman and Gentry Long, is adding 60,000-square feet of manufacturing and warehouse space. “This expansion will facilitate our business plan over the next three to five years,” Holliman said. “Thanks to […]

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Posted in Business news, Economic development, Employment and jobs, Furniture, Manufacturing, Northeast Mississippi1 Comment

Brooks Grocery logo

Brooks Grocery still a go for West Tupelo

Plans for a Brooks Grocery in West Tupelo are still in the works and have not been abandoned. Rumors have circulated recently that Wal-Mart Stores Inc. is looking to to build three of its smaller-format stores nearby, including two within a relatively short distance of the proposed Brooks Grocery store. Speculation has been that the Brooks store will […]

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Posted in Business news, Community development, Economic development, Tupelo1 Comment

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