Mississippi Data and Stories

State Fact Sheet

Map of Selected Projects in Mississippi

Community Testimonials

Water Valley Mayor Donald Gray agreed the economic, social, and physical components of this project is going to be a great change” for the city. The physical part is going to make our city much better. The economic, I can’t even start to imagine. …Hopefully a lot of these students will come back and build houses and become taxpayers,” Gray said. People can make a good living and these kids make a really good living starting out. They feel better about themselves … about their families. https://mississippitoday.org/2020/02/03/5-million-tech-center-expands-effort-to-close-skills-gap-as-tech-firms-step-up-investment-in-mississippi/

-Donald Gray, Mayor, Water Valley, Mississippi

Selected Projects in Mississippi

Mississippi Center for Innovation and Technology

Vicksburg,
MS
(2022)

Incubator, Manufacturing

CDE(s): BXS Community Fund

Adaptive reuse of a 50,000 sf. registered historic factory/warehouse into a learn/work hub containing an entrepreneurial center, a graduate center, a State Technology Transfer Center, and a craft brewery.

Milwaukee Tool

Greenwood,
MS
(2022)

Manufacturing

CDE(s): PB Community Impact Fund, Southern Bancorp, Southern Community Capital

Milwaukee Tool used NMTC financing to expand the facility’s manufacturing capabilities by upgrading the current outdated facility and purchasing new, innovative, state-of-the-art equipment to further support its growing hole saw

Lackey Memorial Hospital Medical Arts Campus

Forest,
MS
(2022)

Healthcare

CDE(s): BXS Community Fund, PB Community Impact Fund

PB Community Impact Fund and BXS Community Fund provided federal New Market Tax Credit allocation and to Lackey Memorial Hospital to finance the construction of a new Medical Arts Complex

Williams Medical Clinic

Holly Springs,
MS
(2022)

Community, Healthcare

CDE(s): PB Community Impact Fund

Working capital enabling Williams Medical Clinic to expand its business and continue delivering high-quality medical care in an impoverished rural county.

High Point LLC

Corinth,
MS
(2022)

Loan Fund, Manufacturing

CDE(s): Advantage Capital

High Point is a manufacturer that provides surface mount and through hole printed circuit board assembly services. The project provided funds to refinance debt and provided working capital. The project

Image Industries

Clarksdale,
MS
(2021)

Manufacturing

CDE(s): AMCREF Community Capital

In October 2021, AMCREF Community Capital provided $7.5 million of NMTC financing to Image Industries, Inc.

Tupelo Foam Mattress Facility

Tupelo,
MS
(2021)

Manufacturing, Retail

CDE(s): Dudley Ventures, Three Rivers CDE

Ashley Furniture Industries, a home furnishing manufacturer and retailer, expanded its production capabilities by repurposing an abandoned building into a state-of-the-art facility that pours foam and included a storage warehouse

Modern Mill, Inc.

McComb,
MS
(2021)

Manufacturing

CDE(s): Advantage Capital, Community Development Venture Capital Alliance

New investment will fuel Modern Mill’s rapid growth, helping it to expand its zero-waste production capacity and nearly triple its current employee base.

Fred Netterville Lumber

Woodville,
MS
(2020)

Business Development, Manufacturing, Rural

CDE(s): AMCREF Community Capital

Netterville’s mill was damaged extensively by fire and was seeking capital to restore capacity and rebuild more efficiently, reducing energy usage by 45%.

Project Everest

Water Valley,
MS
(2020)

Adult Education, College or Vocational Training, Community, Incubator, Mixed-use, Nonprofit Hub, Rural

CDE(s): Raza Development Fund

Multi-Tenant Education and Technology Innovation Hub that expands coding-education and workforce training opportunities for an underserved diverse population in rural Mississippi.

Empire and Stribling Winona

Winona,
MS
(2020)

Automotive, Retail, Retail and Commercial, Rural

CDE(s): Brownfield Revitalization, Capital One, Three Rivers CDE

Construction of a new, state-of-the-art heavy truck dealership which will offer sales and support for new, used, rental and leased heavy-duty trucks and equipment.