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Mississippi Business

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

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mississippi.org – Ken patterson – 2024-04-03 10:00:28

SUMMARY: Mississippi has been approved for up to $86 million in funding under the American Rescue Plan's State Small Business Credit Initiative to support small businesses and startups. Governor Tate Reeves stated that the program will empower small businesses and help them thrive in today's economy. The Mississippi CDFI Small Business Loan Fund, with $45 million allocated, aims to increase access to capital for small businesses and promote economic growth and job creation in the state. Three community development financial institutions have been approved to provide loans through the program. The program prioritizes small, underserved, and under-financed communities. For more information, visit https://mississippi.org/minority-small-business/ssbci or https://www.innovate.ms/ssbci.

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Mississippi Business

As Glo Succeeds Nationally, Its Local Commitments Grow

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The technology behind Glo Pals started in a classroom at Mississippi , with the MSU E-Center playing a pivotal role in transitioning it from a student endeavor to a burgeoning startup. -activated light-up technology was initially developed to add a fun element to drinks at parties. However, it soon found an alternative purpose. Inspired by a child with autism who needed comfort during bath time, the mission shifted to creating products that enhance the sensory experience of and make bath time more enjoyable.

Led by its , Hagan Walker, Chief Executive Officer, and Anna Barker, Chief Creative Officer, Glo Pals embodies a collective vision rooted in innovation, empathy, and a steadfast commitment to making a positive difference in the…

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By: jacksonfreepress
Title: As Glo Succeeds Nationally, Its Local Commitments Grow
Sourced From: www.innovate.ms/as-glo-succeeds-nationally-its-local-commitments-grow/
Published Date: Wed, 08 May 2024 21:31:14 +0000

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Mississippi Business

Governor Tate Reeves, Mississippi Development Authority celebrate Economic Development Week

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, Miss. (May 6, 2023) – To recognize the important role economic plays in the growth and prosperity of the , Governor Tate Reeves proclaimed May 6-10 as Economic Development in Mississippi.

“There's no better time to celebrate economic development in Mississippi. That's because our state continues to shatter economic development ,” said Governor Tate Reeves. “This year alone, we finalized the largest private sector investment and payroll commitment in Mississippi history. Our state's unemployment rate is at an all-time low, and we're making historic investment toward for the of the future. Mississippi has momentum, and I look forward to our state attracting even more companies and creating even more jobs…

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By: Kirk Daniel
Title: Governor Tate Reeves, Mississippi Development Authority celebrate Economic Development Week
Sourced From: mississippi.org//governor-tate-reeves-mississippi-development-authority-celebrate-economic-development-week/
Published Date: Mon, 06 May 2024 18:03:31 +0000


Did you miss our previous article…
https://www.biloxinewsevents.com/geartek-expanding-operations-in-alcorn-county-2/

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Mississippi Business

Governor Tate Reeves, Mississippi Development Authority celebrate Economic Development Week

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mississippi.org – Kirk Daniel – 2024-05-06 13:03:31

SUMMARY: Governor Tate Reeves proclaimed May 6-10 as Economic in Mississippi to celebrate the 's economic growth and prosperity. Mississippi has seen record-breaking private sector investments and job creation efforts, resulting in the lowest unemployment rate in its history. The Mississippi Development Authority recognizes the crucial role of economic developers in fostering economic growth and employment opportunities. Since 2020, over $20 in private sector investment has been attracted to the state, major projects like Amazon Web Services and an electric vehicle battery joint venture. These investments have helped create thousands of and boost the state's .

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