Archive | Economic development

United logo

United Furniture buys former Lane plant for $1.45 million

United Furniture Industries was the winning bidder for the former Lane Furniture Industries plant in Verona. United offered $1.45 million for the 475,000-square-foot facility . Doug Hanby, United’s chief financial officer, told the Daily Journal that the company will use it as a manufacturing facility for stationary furniture, and hopes to open it during the first […]

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Posted in Business news, Economic development, Furniture, Manufacturing, National, Northeast Mississippi, Tupelo1 Comment

SeaPort Airlines Logo

SeaPort Airlines reception and meet-and-greet today in Tupelo

SeaPort Airlines began air service in October in Tupelo, with roundtrip flights to Memphis and Nashville.  Now’s your chance to meet airline executives and ask them questions if you’d like. Starting at 6 p.m. today at Tupelo Regional Airport, a reception will be held, with SeaPort officials including executive VP Tim Sieber, manager of community […]

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Posted in Air service, Business news, Economic development, Northeast Mississippi, Transportation, Tupelo, Tupelo Regional Airport0 Comments

MDA logo

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

Philips logo

Philips confirms 49 ‘temporary’ layoffs at Tupelo plant

Philips Lighting today confirmed it had laid off some workers at its Tupelo plant, but said there’s no reason for alarm. “We did announce 49 temporary layoffs of hourly workers,” said Sylvie Casanova, a spokeswoman for Philips North America. Casanova said it’s a seasonal, cyclical move tied to the usual slowdown in construction across the country […]

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Posted in Business news, Community Development Foundation, Economic development, Employment and jobs, International, Manufacturing, Mississippi Development Authority, National, Northeast Mississippi, Tupelo, Unemployment1 Comment

TVA logo

TVA: $1.2B in investment and 4,700 jobs in Miss.

The Tennessee Valley Authority says its economic development efforts were successful in attracting and retaining more than 60,300 jobs and spurring a record $8.5 billion in business investments in the TVA region in fiscal year 2014. In Mississippi, TVA said its efforts resulted in 4,700 jobs and $1.2 billion in investment. Last year, TVA said across the valley […]

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Posted in Business news, Community development, Economic development, Employment and jobs, Energy, National, Northeast Mississippi, Tennessee Valley Authority0 Comments

KIOR logo

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

TVA logo

TVA makes final payment to Congress’ on $1B investment

After more than 50 years, the Tennessee Valley Authority has paid off the original investment – with interest – from the U.S. Congress. More from TVA. We moved around parts of the press release higher up, deeming the details more important: The Tennessee Valley Authority has made the final scheduled payment on Congress’ original $1 billion investment […]

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Posted in Business news, Business newsmakers, Economic development, Energy, National, Northeast Mississippi, Tennessee Valley Authority0 Comments

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