Mississippi Business

Calling All Venture Capital Funds: RFI for SSBCI in Mississippi is Now Open

Published

1 year ago

February 13, 2023

Innovate Mississippi is pleased to announce that the Request for Information (RFI) period is now open to express an interest in Mississippi's potential new SSBCI Venture Capital Program. Investment funds or potential investment funds in Mississippi are invited to submit to receive up to a 100% match from SSBCI, potentially doubling the size of their new funds.

The State of Mississippi is considering participation in the federal State Small Business Credit Initiative (SSBCI) program and may participate using Innovate Mississippi as a contractor.

Here are some details:

The federal program will require a 1:1 match from private investment.This is not a grant program; the government's terms must match those for the private investors, with the goal of returns funding future …

By: jacksonfreepress
Title: Calling All Venture Capital Funds: RFI for SSBCI in Mississippi is Now Open
Sourced From: www.innovate.ms/calling-all-venture-capital-funds-rfi-for-ssbci-in-mississippi-is-now-open/
Published Date: Wed, 30 Nov 2022 00:55:56 +0000

Post Views: 414

Related Topics:Featured Mississippi Business Mississippi News News requestforinformation venturecapital

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Mississippi Business

Geartek expanding operations in Alcorn County

Published

1 day 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: 126

Mississippi Business

Geartek expanding operations in Alcorn County

Published

1 day 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.

Read the full article

The post Geartek expanding operations in Alcorn County appeared first on mississippi.org

Post Views: 47

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

Did you miss our previous article…
https://www.biloxinewsevents.com/msu-startup-summit/

Post Views: 31