Incentives key to attracting business - WLOX.com - The News for South Mississippi

Incentives key to attracting business

JACKSON, MS (Mississippi News Now) -

Since being named executive director of the Mississippi Development Authority in May, Brent Christensen says business is good.

"At the end of the day, we're selling Mississippi and the resources that it has," Christensen said.

To make that sale, Christensen says it all comes down to economic chess pieces called incentives.

"The primary reason for these is to add jobs and investment to the state of Mississippi," Christensen said.

From state tax credits and exemptions to grant and loan programs, Christensen says during the last five years, those incentives have helped to create more than 30,000 jobs and about $5 billion in investments for the state. It's all laid out in a new incentives report from the agency.

"Those are not small numbers. Those are strong numbers for this state," Christensen said.

To keep those numbers strong Christensen says the agency will be turning to lawmakers because some of those incentives are running low on cash.

"We've got a strong portfolio of incentives and so rather than changing them. Right now I think what we need to be focused on is replenishing them," Christensen said.

Even with financially backed incentives, not every economic deal turns successful. Sometimes companies go elsewhere which can often be a challenge.

"For every project that doesn't make it, there's a lot of projects out there that do and it's because of these standard programs that have been in place a long time and that we've found to be very successful," said MDA Chief Financial Officer Kathy Gelston.

Christensen says that comes with working closely with other state agencies even when economic times aren't so great.

"Certainly it's a challenging time economically, not only in this state but in the country but we're laser like focused," Christensen said.

The incentives report will become an annual publication from the agency.

Copyright 2012 MSNewsNow. All rights reserved.

  • NEWSMore>>

  • breaking

    'Home Alone' dad John Heard dies at 72

    'Home Alone' dad John Heard dies at 72

    Saturday, July 22 2017 10:26 AM EDT2017-07-22 14:26:16 GMT
    Saturday, July 22 2017 10:40 AM EDT2017-07-22 14:40:37 GMT

    John Heard appeared in numerous movies and television shows throughout a lengthy acting career, but it was his role as the father of Macauley Culkin's character in two "Home Alone" films that gained him notoriety.

    More >>

    John Heard appeared in numerous movies and television shows throughout a lengthy acting career, but it was his role as the father of Macauley Culkin's character in two "Home Alone" films that gained him notoriety.

    More >>
  • All lanes of I-110 now open following multiple wrecks

    All lanes of I-110 now open following multiple wrecks

    Saturday, July 22 2017 9:23 AM EDT2017-07-22 13:23:41 GMT
    (Photo: file)(Photo: file)

    All lanes of the I-110 bridge are back open after two crashes early Saturday morning. 

    More >>

    All lanes of the I-110 bridge are back open after two crashes early Saturday morning. 

    More >>
  • RW hopes this site approval request makes a splash

    RW hopes this site approval request makes a splash

    Saturday, July 22 2017 9:06 AM EDT2017-07-22 13:06:31 GMT
    file photofile photo

    Will the phrase water's edge turn the tide for RW Development? The answer comes this Thursday. RW is on the July 27 gaming commission agenda. The company has asked for site approval before. Yet both times, the Mississippi Gaming Commission said no. This Thursday, attorneys for the casino developer return to Jackson ready to roll the dice and get gaming commissioners to say yes to their site. The focal point of their presentation will concentrate on two words - water's edge.

    More >>

    Will the phrase water's edge turn the tide for RW Development? The answer comes this Thursday. RW is on the July 27 gaming commission agenda. The company has asked for site approval before. Yet both times, the Mississippi Gaming Commission said no. This Thursday, attorneys for the casino developer return to Jackson ready to roll the dice and get gaming commissioners to say yes to their site. The focal point of their presentation will concentrate on two words - water's edge.

    More >>
  • Trending StoriesTrending StoriesMore>>

  • breaking

    'Home Alone' dad John Heard dies at 72

    'Home Alone' dad John Heard dies at 72

    Saturday, July 22 2017 10:26 AM EDT2017-07-22 14:26:16 GMT
    Saturday, July 22 2017 10:40 AM EDT2017-07-22 14:40:37 GMT

    John Heard appeared in numerous movies and television shows throughout a lengthy acting career, but it was his role as the father of Macauley Culkin's character in two "Home Alone" films that gained him notoriety.

    More >>

    John Heard appeared in numerous movies and television shows throughout a lengthy acting career, but it was his role as the father of Macauley Culkin's character in two "Home Alone" films that gained him notoriety.

    More >>
  • GRAPHIC VIDEO: Teens mock drowning man

    GRAPHIC VIDEO: Teens mock drowning man

    Thursday, July 20 2017 9:14 PM EDT2017-07-21 01:14:47 GMT
    Thursday, July 20 2017 9:39 PM EDT2017-07-21 01:39:28 GMT

    Police say no laws were violated by five teens who made a video of a drowning man and posted it to social media. 

    More >>

    Police say no laws were violated by five teens who made a video of a drowning man and posted it to social media. 

    More >>
  • Man admits he 'flung' infant son, causing his death

    Man admits he 'flung' infant son, causing his death

    Friday, July 21 2017 6:33 AM EDT2017-07-21 10:33:52 GMT
    Cody Bates (Source: LMDC)Cody Bates (Source: LMDC)

    Police responded to a call of an unresponsive three-month-old child on June 9 in an apartment complex in Fern Creek. Officials interviewed multiple people to find out how exactly Preston Amato died.

    More >>

    Police responded to a call of an unresponsive three-month-old child on June 9 in an apartment complex in Fern Creek. Officials interviewed multiple people to find out how exactly Preston Amato died.

    More >>
Powered by Frankly