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Oxford Delta Angel Fund to kick off in February • Innovate Mississippi

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www.innovate.ms – jacksonfreepress – 2024-01-05 14:02:28

SUMMARY: A new angel investment group called Oxford Delta Angel Fund has been established by Innovate Mississippi to invest in startups within the Oxford and Delta region. The group aims to raise $1 million and is open to members joining at $25,000 a unit. The Fund will support early-stage Mississippi-based technology startups with high growth potential and provide a low-cost way for investors to explore promising deals and learn about angel investing. The Fund could have a significant impact on the region by creating jobs and encouraging entrepreneurship. The Securities and Exchange Commission requires accredited investors to participate, and meetings for accredited investors will be held in July and August.

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Mississippi Business

Superior Optical Lab expanding operations in Jackson County

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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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Mississippi Business

Salad Days Produce expanding in Madison County

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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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Mississippi Business

Exxel Outdoors locating operations in Tupelo

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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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