Month: April 2021

Huntington Ingalls Industries Christens Destroyer Lenah Sutcliffe Higbee (DDG 123)

Huntington Ingalls Industries recently announced that its Ingalls Shipbuilding division christened guided missile destroyer Lenah Sutcliffe Higbee (DDG 123) Saturday evening. Due to the COVID-19 pandemic, a small, socially distanced event was held with limited in-person attendance. “The christening of Lenah Sutcliffe Higbee is a significant milestone that brings our 34th destroyer one step closer …

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SBA Administrator Guzman Announces Application Opening for $28.6 Billion Restaurant Revitalization Fund

SBA Administrator Isabella Casillas Guzman recently announced the U.S. Small Business Administration will begin registrations on Friday, April 30, 2021, at 9 a.m. EDT and open applications on Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund. The online application will remain open to any eligible establishment until all funds are exhausted. …

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Jackson County Flourishing in Its Economic Development Eco-System

Northrup Grumman’s manned and unmanned systems facility is an example of the sector diversity in Jackson County. How one Gulf Coast county is implementing an industrial cultivation process to augment its economic development By Philip Shirley Today, economic development isn’t just about putting a new metal Quonset hut on the edge of town with 25 …

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Recurrent Energy Breaks Ground on 100 MW Sunflower Solar Project

Canadian Solar Inc. (“Canadian Solar”) recently announced its wholly-owned subsidiary, Recurrent Energy, LLC (“Recurrent Energy”), commenced construction on the 100 MWac Sunflower Solar Project located in Sunflower County, Mississippi. To support construction of the Sunflower solar project, Recurrent Energy recently closed debt financing totaling over $146 million, inclusive of construction loan and letter of credit …

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SBA Announces Official Restaurant Revitalization Fund Application and Guidelines

SBA Administrator Isabella Casillas Guzman recently announced key details on application requirements, eligibility, and a program guide for the Restaurant Revitalization Fund (RFF). The restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic. To help bring jobs back and revive the industry, the American Rescue Plan, signed …

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Huntington Ingalls Industries Awarded $107 Million Advance Procurement Contract for Amphibious Assault Ship LHA 9

Huntington Ingalls Industries recently announced that its Ingalls Shipbuilding division has received a fourth contract modification from the U.S. Navy for $107 million to provide long-lead-time material and advance procurement activities for amphibious assault ship LHA 9. This modification brings the total advance funding for LHA 9 to $457 million. “The amphibious warship production line …

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Milwaukee Tool Creating 1200 Jobs in Grenada County

Milwaukee Tool, a leading manufacturer of heavy-duty power tools, hand tools, storage, and accessories for the professional construction trades worldwide, announced plans to expand its presence in Mississippi. The company will invest $60 million in advanced technology and manufacturing equipment to support the operation of a new accessories manufacturing facility in Grenada County. As part …

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