Archive | Economic development

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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

Bluefire-logo

BlueFire Renewables could get $270M to build Fulton plant

BlueFire Renewables could get as much as $270 million from China’s Export Import Bank to finish building its cellulosic-ethanol plant in Fulton.  That project was first announced in 2009. The company said the $300 million plant would eventually employ 70-80 people and produce up to 19 million gallons of ethanol from green and wood wastes. Site […]

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Posted in Business news, Community Development Foundation, Economic development, Energy, Fulton, International, National, Northeast Mississippi, Technology0 Comments

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Villa International adding 75 jobs in Belmont

The Mississippi Development Authority announced that Villa International, a manufacturer of luxury furniture for motorhomes, announces the company is locating operations in the former Falcon Products facility in Belmont, in Tishomingo County. The project represents a $250,000 corporate investment and will create 75 jobs over a five year period. “I am proud to welcome Villa International […]

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Posted in Business news, Economic development, Employment and jobs, Manufacturing, National, New business, Northeast Mississippi0 Comments

MDA logo

The Alliance in Corinth one of eight MDA grant recipients

The Mississippi Development Authority today said it has recently awarded eight Site Development Grants to economic development entities across the state. The matching grant program “is designed to assist nonprofit economic development organizations or local governments in preparing available greenfield sites for industrial development,” MDA said in a press release.   Recipients of Site Development Grant Program funds for […]

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Posted in Business news, Corinth, Economic development, Mississippi Development Authority, Northeast Mississippi0 Comments

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