Monthly Archives: April 2015

Governor Phil Bryant Champions the Business of Manufacturing in Mississippi

Governor Phil Bryant, Mississippi’s 64th governor, has a sincere passion for growing business in Mississippi and pride in being a part of this great state. If you have heard Governor Bryant speak on the issue of business and manufacturing, you have witnessed his enthusiasm. Says the governor, “Not only is Mississippi home to advanced manufacturing and research and development, our manufacturing industry is at an all-time high for growth and vitality.”
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Remanufacturing critical equipment and worthy lives

Adapt. Adjust. Overcome.

Navy veteran Larry White is the owner of AA Calibration Services, LLC, an airline equipment remanufacturing and calibration business that specializes in altimeters, airspeed indicators, and vertical speed indicators. Since 2004, AA Calibration has continued to grow, and now makes its home in a 5,000-square-foot facility in Yazoo City, Mississippi, constructed from the ground up in 2010. White’s is a story of successfully building a manufacturing business using his wits and his savings, one step at a time, with an attitude of self-sufficiency that is now embedded in the company’s culture. Today the company supports White’s family along with 18 employees and their families. LEARN MORE

Supporting the Growing Business Community of Mississippi

Economic Development in Mississippi

Mississippi has been at the forefront of state-level economic development in the United States since the mid-1930’s, which saw the passage of the Balance Agriculture with Industry Act in the Mississippi legislature. Developing the state economy continued to be a primary goal of both governors and legislatures, and eventually the Mississippi Development Authority (MDA) was created to oversee this development. MDA, an agency of the executive branch, is the Mississippi state governmental arm tasked with economic development in the state.
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How manufacturers can subsidize project costs up to 25% in Mississippi

Most medium- to large-scale manufacturing projects require a combination of various incentives to fill a variety of financial gaps. Today’s traditional capital sources are not sufficient for project costs without a tremendous amount of developer equity. Obtaining certain subsidies, credits, or grants in connection with these economic development projects can often be the financial difference maker for an otherwise viable project. Upon learning that New Markets Tax Credit (NMTC) financing can create as much as a twenty-five percent (25%) subsidy for their project costs, many of our manufacturing clients initially ask, “Where is the catch?” While NMTC transactions involve a competitive marketplace for allocation and pose a somewhat daunting task, borrowers who reach financial closing are greatly rewarded.
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Manufacturers are slowly coming around to the concept of Big Data and how it drives business. The adoption of Big Data best practices is already in place in other industries. Common adoption in manufacturing companies is inevitable as a way to solve business problems and effectively compete within their industry.

It’s hard to read much about information technology, analytics, and business intelligence without hearing the term “Big Data.” Unfortunately, it’s grown into such an amorphous term that it doesn’t mean the same thing to everyone. Is Big Data something that manufacturers should focus on? What is it, and how will it drive more profitable business?
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