Decisions made for the long term

By Staff
Jerry St.P headed Mississippi's largest private employer Ingalls Shipbuilding long enough to know what attracts business and industry to our state. As an astute observer of business trends, a major participant in Mississippi's economic growth, and now as chief operating officer of Litton Ship Systems and executive vice president of Litton Industries, St. P has a message we all should heed.
He told The Meridian Star the other day businesses are making decisions for the long term and want to factor long term tax considerations into the equation. The growing reluctance of local governments to fully embrace the notion of tax abatements and incentives is cause for concern. Officials in the state's most heavily industrialized county, Jackson County, are rumbling about reducing the incentives offered over the long term to companies such as Litton, Chevron and others.
In time of tight budgets, this may be a natural inclination. But the plain truth in economic development, as Mississippi discovered again in wooing the Nissan plant to Madison County, is incentives work. Tax relief, financing workforce development and training, funding special transportation needs and the overall business climate may all contribute to reducing the cost of doing business.
That's where Mississippi's efforts should be directed helping relocating or expanding companies reduce their costs of doing business. After all, many of these companies are components of a larger corporate structure and do, in fact, compete within their own corporations for financing.
Corporations should be good citizens in Mississippi, but they have to be here first.

Franklin County

PROGRESS 2024: American Legion Posts 64 and 120 – ‘Veterans Strengthening America’

Franklin County

RHS graduate crowned Miss Northwest Shoals

Franklin County

RHS graduate crowned Miss UNA

Franklin County

PROGRESS 2024: In memoriam – Monuments honor the fallen of Franklin

High School Sports

RHS senior chosen as Bryant-Jordan Region 8 Scholar winner

High School Sports

Russellville High School ladies soccer team members participate in annual Night to Shine

News

Russellville High School Scholars Bowl team qualifies for state tournament

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Vina kindergarteners connect with lots of other classes

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PCHS JAG student places in district conference

Features

Wedding Spotlight: Layne and Frank Edwards

Franklin County

RHS senior competes at state DYW competition

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Extension, 4-H present free resume workshop

Franklin County

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High School Sports

Russellville High School honors alum Luther Tiggs with special night of basketball

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BTCPA announces second production of season

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RMS holds annual state assessment celebration

Franklin County

Red Bay welcomes new city attorney

Franklin County

Attempted traffic stop leads to high-speed vehicle pursuit, wreck 

Franklin County

Vehicle pursuit ends in wreck, arrest 

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RFD, RHS collab promotes job readiness, community safety

Franklin County

Local students named to Mississippi State University’s fall 2023 President’s List

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Russellville Elementary features among U.S. News & World Report best elementary schools

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RCS receives recognition as finalist for national award

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Plans get underway to raise funds for cancer research in memory of Bedfords

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