Mississippi Business

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

Published

2 years 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: 655

Related Topics:Featured Mississippi Business Mississippi News News requestforinformation venturecapital

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Mississippi Business

Superior Optical Lab expanding operations in Jackson County

Published

3 weeks ago

October 16, 2024

Staff Editor

mississippi.org – Ken patterson – 2024-10-16 10:00:00

SUMMARY: Superior Optical Lab, an eyeglass manufacturer in Jackson County, is expanding with a corporate investment of approximately $12.5 million, creating 188 jobs. The company, which operates one of America’s leading optical laboratories, recently added 45,000 square feet of production space to enhance efficiency. The Mississippi Development Authority and Jackson County are supporting the expansion project. Founded in 1991 by a U.S. Navy veteran, Superior Optical Lab is dedicated to providing affordable eyewear to veterans. Local officials, including Gov. Tate Reeves, express pride in supporting veteran-owned businesses and the positive impact on the Gulf Coast region’s economy.

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Post Views: 42

Mississippi Business

Salad Days Produce expanding in Madison County

Published

4 weeks ago

October 8, 2024

Staff Editor

mississippi.org – Ken patterson – 2024-10-08 14:00:00

SUMMARY: Salad Days Produce, a hydroponic lettuce producer based in Flora, Mississippi, is expanding its operations with an $8.18 million investment, creating at least 12 jobs. The new 65,000-square-foot facility at Flora Industrial Park will significantly increase production capacity, enabling the company to serve larger grocery chains and regional distributors. This expansion is expected to be completed by July 2025, supported by the Mississippi Flexible Tax Incentive program. Local officials highlight the positive economic impact and growth in the food-service market that will result from this project, reinforcing Madison County’s emerging status as a food-sector hub.

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Post Views: 59

Mississippi Business

Exxel Outdoors locating operations in Tupelo

Published

1 month ago

September 26, 2024

Staff Editor

mississippi.org – Ken patterson – 2024-09-26 10:00:10

SUMMARY: Exxel Outdoors, a leading manufacturer of outdoor and military gear, is relocating its national warehousing and distribution center from Reno, Nevada, to Tupelo, Mississippi, creating at least 40 jobs with a corporate investment exceeding $2 million. This move enhances delivery efficiency by positioning the company closer to its customers and its manufacturing plant in Haleyville, Alabama. Supported by the Mississippi Development Authority’s MFLEX program and local agencies, Exxel’s arrival is expected to diversify the local economy and foster business growth in Tupelo. The company will begin hiring immediately, reflecting Mississippi’s commitment to a conducive business environment.

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Post Views: 59