Mississippi Business
Investors Announce Launch of South Mississippi Angel Fund I
Innovate Mississippi is proud to support the launch of South Mississippi Angel Fund I, a new regional angel fund focused from Hattiesburg to the Mississippi Gulf Coast. The fund is open to additional interest from accredited investors. The fund currently has 20 members and is targeting to be a $1 million fund.
The fund’s founding members formed the South Mississippi Angel Fund with the help of Innovate Mississippi, which has been forming regional funds from its statewide angel investor network. The Appalachian Investors Alliance has been hired to support the fund by assisting with due diligence, deal negotiation, and closing on potential investments. AIA also manages the North Mississippi Angel fund, and associating with AIA allows the South Mississippi Angel Fund members to…
By: jacksonfreepress
Title: Investors Announce Launch of South Mississippi Angel Fund I
Sourced From: www.innovate.ms/investors-announce-launch-of-south-mississippi-angel-fund-i/
Published Date: Mon, 19 Sep 2022 22:33:45 +0000
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Mississippi Business
Superior Optical Lab expanding operations in Jackson County
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.
The post Superior Optical Lab expanding operations in Jackson County appeared first on mississippi.org
Mississippi Business
Salad Days Produce expanding in Madison County
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.
The post Salad Days Produce expanding in Madison County appeared first on mississippi.org
Mississippi Business
Exxel Outdoors locating operations in Tupelo
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.
The post Exxel Outdoors locating operations in Tupelo appeared first on mississippi.org
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