Neighboring Governor Haley Barbour has proclaimed March 25 Economic Development Day in the state of Mississippi.
The proclamation honors the 75th anniversary of the Mississippi Development Authority, an economic and community development agency founded in 1936 as the Mississippi Industrial Commission.
“For 75 years, MDA has led the state’s efforts to bring business and industry to Mississippi while, at the same time, supporting the state’s existing businesses in expanding, retaining jobs and achieving long-term success,” Barbour said in a statement. “The agency also attracts visitors to the state through its tourism programs and helps communities in every corner of the state improve their quality of place and become more competitive.”
MDA’s 300-strong staff is engaged in providing services to businesses, communities and workers across the state. The agency is best known for its efforts to recruit new businesses to Mississippi, as it did late last spring when it lured Fortune 500 health care company McKesson Corp.’s distribution facility from Memphis to nearby Olive Branch, where the company built a $115 million facility that is expected to provide about 300 jobs over the next three years.
MDA at the time announced that it would provide $4 million from the Industry Incentive Financing Revolving Fund. In addition, the city of Olive Branch and DeSoto County made more than $500,000 in infrastructure improvements at the site for the facility.
After MDA and DeSoto County courted McKesson, Shelby County changed the way it determined eligibility for its payment-in-leiu-of-taxes (PILOT) program to reward companies for staying in Memphis.