Mississippi Business

Mississippi Development Authority approves three community development financial institutions for funding through State Small Business Credit Initiative

Published

2 months ago

April 3, 2024

Jackson, Miss. (April 3, 2024) – Last year, the U.S. Treasury Department and the Mississippi Development Authority announced the approval of Mississippi's state plan for up to $86 million in funding under the American Rescue Plan's State Small Business Credit Initiative. Mississippi operates four SSBCI programs to support small businesses and startups: a loan participation program, a loan guarantee program and two equity/venture capital programs.

“This program will help to empower Mississippi small businesses by equipping them with the resources and support they need to thrive in today's economy,” said Governor Tate Reeves. “Mississippi has tremendous momentum, and we are blessed with fantastic small businesses in every part of our state. I look forward to seeing how these funds …

By: Ken patterson
Title: Mississippi Development Authority approves three community development financial institutions for funding through State Small Business Credit Initiative
Sourced From: mississippi.org/news/mda-approves-3-financial-institutions-sssbci/
Published Date: Wed, 03 Apr 2024 15:00:28 +0000

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Mississippi Development Authority approves three community development financial institutions for funding through State Small Business Credit Initiative

Mississippi Business

FoundersPlus Proves to be a Launchpad for Mississippi Startups

Published

3 days ago

May 17, 2024

Staff Editor

FoundersPlus is a six-week program designed to equip Mississippi startup founders with the knowledge and tools they need to transform their ideas into thriving businesses. The program, run by Innovate Mississippi, guides founders through a carefully curated curriculum that covers critical aspects of building a successful startup.

How FoundersPlus Works

The program follows a structured, weekly format, with each week focusing on a specific theme:

Week 1: Kick-off and Foundations: The program begins with an overview of FoundersPlus, outlining expectations and setting the stage for the journey ahead.Week 2: Market Fit and Validation: Founders learn to define their target market, validate their product-market fit, and conduct customer discovery processes. Resources like…

By: jacksonfreepress
Title: FoundersPlus Proves to be a Launchpad for Mississippi Startups
Sourced From: www.innovate.ms/foundersplus-proves-to-be-a-launchpad-for-mississippi-startups/
Published Date: Fri, 17 May 2024 20:51:58 +0000

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Mississippi Business

Connor Industries locating operations in Coahoma County

Published

3 days ago

May 17, 2024

Staff Editor

Boat manufacturer creating 56 jobs Project represents a corporate investment at least $8 million

Jackson, Miss. (May 17, 2023) – Boat manufacturer Connor Industries is locating operations in Clarksdale. The project represents a corporate investment of at least $8 million and will create 56 jobs.

Connor Industries' new location will enable the company to manufacture and test boats year-round on the Mississippi River. The project involves the construction of a new 48,600-square-foot facility to house Connor Industries' new Clarksdale operations, as well as public infrastructure improvements in north Coahoma County, including the construction of a new road over the Mississippi River levee and a river dock landing.

The Mississippi Development Authority is providing assistance …

By: Ken patterson
Title: Connor Industries locating operations in Coahoma County
Sourced From: mississippi.org/news/connor-industries-locating-operations-in-coahoma-county/
Published Date: Fri, 17 May 2024 15:30:46 +0000

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Mississippi Business

Connor Industries locating operations in Coahoma County

Published

3 days ago

May 17, 2024

Staff Editor

mississippi.org – Ken patterson – 2024-05-17 10:30:46

SUMMARY: Boat manufacturer Connor Industries is investing at least $8 million to create a new facility in Clarksdale, Mississippi, creating 56 jobs. The new location will allow the company to manufacture and test boats year-round on the Mississippi River. The project includes the construction of a new facility, road over the Mississippi River levee, and a river dock landing. The Mississippi Development Authority is providing assistance for site development, with additional support from the U.S. Economic Development Administration and Delta Regional Authority. Connor Industries' product line includes commercial, luxury, and emergency response vessels. Construction is expected to be completed next year. Support and excitement for the project are expressed by various officials and the company's founder and CEO.

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