Mississippi Business

High-Growth Mississippi Companies Raised over $43 Million in 2022

Published

1 year ago

March 9, 2023

Mississippi startup and high-growth companies raised over $43 million in seed funding and working capital in 2022, according to Innovate Mississippi CEO Tony Jeff.

“And that's just a sampling of some of the largest funding rounds,” Jeff said. Innovate Mississippi focuses on early-stage and high-growth companies, most of whom are in seed or other early funding rounds. The $43 million figure represents money raised by 16 high-growth firms that Innovate Mississippi tracked last year, including some not reported publicly.

Adranos sits at the top of the list with a $20 million Series A funding round they closed in April 2022. The company, with facilities in McHenry, Miss., makes solid rocket motors that run on their proprietary ALITEC fuel. They closed the funding round after…

By: jacksonfreepress
Title: High-Growth Mississippi Companies Raised over $43 Million in 2022
Sourced From: www.innovate.ms/high-growth-mississippi-companies-raised-over-43-million-in-2022/
Published Date: Thu, 09 Mar 2023 16:02:30 +0000

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Geartek expanding operations in Alcorn County

Published

3 days ago

May 1, 2024

Staff Editor

Industrial manufacturing company creating two jobs in MississippiProject represents corporate investment of $3.8 million

Jackson, Miss. (May 1, 2024) – Hydraulic gear pump and motor manufacturer Geartek is expanding its operations in Corinth. The project is a $3.8 million investment that will create two new jobs.

A division of Hydraulic Analysis, Inc., Geartek's products are used in a variety of industries, including forestry, energy, site clearing and mining. The company has long-established local ties to Corinth and is expanding its existing manufacturing facility by approximately 8,500 square feet to accommodate new manufacturing equipment for added production capacity.

The Mississippi Development Authority is providing assistance through the Mississippi Flexible Tax…

By: Ken patterson
Title: Geartek expanding operations in Alcorn County
Sourced From: mississippi.org/news/geartek-expanding-operations/
Published Date: Wed, 01 May 2024 07:00:33 +0000

Post Views: 182

Mississippi Business

Geartek expanding operations in Alcorn County

Published

3 days ago

May 1, 2024

Staff Editor

mississippi.org – Ken patterson – 2024-05-01 02:00:33

SUMMARY: Geartek, a hydraulic gear pump and motor manufacturer, is expanding its operations in Corinth, Mississippi with a $3.8 million investment that will create two new jobs. The company's products are used in various industries, and it is expanding its existing facility to accommodate new equipment for increased production capacity. The Mississippi Development Authority is providing assistance through the MFLEX program, along with support from Alcorn County and the city of Corinth. Officials and local leaders have expressed their support for the project, highlighting the positive impact on the local economy and job market. Geartek's president looks forward to continued success and investment in the community.

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Mississippi Business

Innovate Mississippi Wins Stage One of the U.S. Small Business Administration’s 2024 Growth Accelerator Fund Competition

Published

1 week ago

April 24, 2024

Staff Editor

Innovate Mississippi was awarded $50,000 in prize money for equitable access to entrepreneurship

WASHINGTON– Today, the U.S. Small Business Administration (SBA) announced Innovate Mississippi as a Stage One winner for the 2024 Growth Accelerator Fund Competition (GAFC). Innovate Mississippi will receive a $50,000 cash prize for its impactful and inclusive approach to nurturing a collaborative national innovation ecosystem to advance small business research and development (R&D) from ideas to the market.

By fostering connections between entrepreneurs, mentors, partners, philanthropies, corporations, investors, and other shared resources, GAFC 2024 catalyzes strategic ecosystem partnerships to build community and organizational capacity for the successful launch, growth,…

By: jacksonfreepress
Title: Innovate Mississippi Wins Stage One of the U.S. Small Business Administration's 2024 Growth Accelerator Fund Competition
Sourced From: www.innovate.ms/innovate-mississippi-wins-stage-one-of-the-u-s-small-business-administrations-2024-growth-accelerator-fund-competition/
Published Date: Wed, 24 Apr 2024 16:53:39 +0000

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