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US Economic Development Administration Awards over $600k to Innovate Mississippi Programs

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Innovate Mississippi is proud to announce that we’ve won two “Build to Scale” federal grants from the U.S. Economic Development Administration.

The EDA awarded a $263,617 Capital Challenge Grant to help Innovate Mississippi encourage the formation and growth of regional angel funds, including in the Oxford/Northeast Mississippi region and the entire River Region, stretching from Natchez up into the Mississippi Delta. Innovate Mississippi has helped launch funds in other parts of the state, increasing access to capital in Mississippi’s entrepreneurial ecosystem.

The EDA’s goal for Capital Challenge Grants is to increase “access to capital in communities where risk capital is in short supply by providing operational support for early-stage investment funds, networks, and…

By: jacksonfreepress
Title: US Economic Development Administration Awards over $600k to Innovate Mississippi Programs
Sourced From: www.innovate.ms/us-economic-development-administration-awards-over-600k-to-innovate-mississippi-programs/
Published Date: Mon, 31 Oct 2022 20:54:35 +0000

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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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