LBO 2007 brief

Legislative Budget Office HearingSeptember 28, 2006 : 

Legislative Budget Office Hearing September 28, 2006

MDA FY2008 General Fund Request: 

MDA FY2008 General Fund Request Level Funding for Operations Image Recovery $1M for Econ. Dev. $1M for Tourism Statutory Requests $750K Disparity Study Funding Additional Requests $259K Salary Reclassifications/ Educational Benchmarks

MDA State Funding Levels: 

MDA State Funding Levels Image Recovery Disparity Study and Salaries

Program HighlightsMDA Administers a Broad Range of Programs: 

Program Highlights MDA Administers a Broad Range of Programs Comm. Dev. Block Grants Emergency Grants Self-Help Grants CAP Loan HOME Program Appalachian Regional Comm. Delta Regional Authority Business Incubator Mid-Delta Community & Investment Corp. Agribusiness Mississippi Business Investment Act Econ. Dev. Highway Program Airport Revitalization Port Revitalization RAIL Program Farish Street Historic District Marketing Matching Grants Tourism Matching Grants Film Incentive Empowerment Zone Workforce Investment Rural Impact Funds Small Mun. & Lim. Pop. Counties Grants Major Economic Impact Authority Minority Surety Bond Program Minority Business Enterprise Solar Technology Energy Rebuild Alternative Energy & Biomass

Making a Difference Grants and Loans Throughout Mississippi: 

Making a Difference Grants and Loans Throughout Mississippi Each dot represents one of 721 awards granted by MDA Total Awards: $137M

Current Target Sectors: 

Current Target Sectors Aerospace/Aviation Automotive Assembly Automotive Suppliers Communications Information Technology Contact Centers Data Centers Defense/Homeland Security Fabricated Housing & Housing Components Food Processing Metal Fabrication & Steel Plastics/Polymers/ Chemicals Shared Services Centers Shipbuilding Timber/Wood Products Warehouse & Distribution

Targeted Industry Profiles: 

Targeted Industry Profiles Best current targets with Fast Facts and other info Can be updated as markets change Designed for use by communities (mississippi.org)

Examples of Major Job Creation Projects: 

Examples of Major Job Creation Projects NASA Shared Services Center (Hancock) SeverCorr (Lowndes) Rolls-Royce Civil Aviation (Lauderdale) Tower Automotive (Madison) EADS North American Eurocopter (Lowndes) GE Aviation (Oktibbeha) Gulf Ship (Harrison) Belk Distribution Center (Hinds) Advantage Furniture (Monroe) Georgia-Pacific (Amite/Franklin) BearingPoint (Forrest) Northrop Grumman - UAVs (Jackson) ACCO (Prentiss) Skyline Steel (Tishomingo) Raybestos (Leflore) Lexington Homes (Holmes) Sanderson Farms (Covington) Heatcraft (Grenada) Coldmix (Chickasaw) Circadence (Lee)

Tourism Highlights: 

Tourism Highlights Governor awarded Governmental Tourism Leadership Award and Natchez Trace Compact named Regional Organization of the Year by Southeast Tourism Society Created Mississippi Trails Program Area Secured Southeast Tourism Society Spring Meeting for 2007 and Travel South USA for 2008 Developed marketing partnerships with New Orleans Saints (pre-season game), Tunica Commercial Airline Service, Meridian Riley Center, Southern Farm Bureau Classic Broke ground on Mississippi Film Complex Over 300 tourism industry volunteers from US and Canada participated in Tourism Cares for America on Gulf Coast Added Brandon and Laurel as Certified Hometown Mississippi Retirement communities Continued golf/sports marketing efforts

Slide10: 

PO Box 849 Jackson, MS 39205 www.mississippi.org 601.359.3449 Mississippi Development Authority