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Mississippi News

Hankins Lumber Adding 43 Jobs in Grenada Expansion

Governor Tate Reeves recently announced a new expansion to Hankins Lumber in Grenada, MS. Hankins Lumber is adding new sawmill operations, Hankins Timbers, to their existing business enterprise. The project is a $12.5 million corporate investment and will create 43 jobs. “Mississippi’s agriculture industry is our state’s top economic driver, employing tens of thousands of […]

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First Commercial Bank Successfully Completes Leadership Succession and Commencement of Strategic Growth Initiatives

The Board of Directors of First Commercial Bank, headquartered in Jackson, recently announced the bank’s executive leadership succession plan made public one year ago is now complete. Effective May 1, 2021, Curt Gabardi is First Commercial’s President and Chief Executive Officer, replacing Alan H. Walters, who continues serving the bank as its new Chairman of

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Rocket fuel Producer Adranos Increasing Testing Operations in McHenry

Solid rocket fuel innovator Adranos, Inc., is expanding its rocket motor research and development operations in McHenry. The project is a $1.35 million corporate investment and will create 25 new jobs. In September, Adranos announced it was opening a location in McHenry, a move representing a $525,000 corporate investment and the creation of 20 jobs.

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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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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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