Momentum Mississippi is a
public–private partnership
A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Review, Public Adminis ...
that aims to develop the economy and increase employment levels in the
U.S. state
In the United States, a state is a constituent political entity, of which there are 50. Bound together in a political union, each state holds governmental jurisdiction over a separate and defined geographic territory where it shares its sove ...
of
Mississippi
Mississippi () is a state in the Southeastern region of the United States, bordered to the north by Tennessee; to the east by Alabama; to the south by the Gulf of Mexico; to the southwest by Louisiana; and to the northwest by Arkansas. Miss ...
. It was created in 2004 by Mississippi Governor
Haley Barbour
Haley Reeves Barbour (born October 22, 1947) is an American attorney, politician, and lobbyist who served as the 63rd governor of Mississippi from 2004 to 2012. A member of the Republican Party, he previously served as chairman of the Republican ...
to implement recommendations of the "Blueprint Mississippi" study, which was initiated by the Mississippi Economic Council, and was adopted in 2005.
Its major goals are to increase
per capita income
Per capita income (PCI) or total income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.
Per capita i ...
and employment, bring new investments and jobs, and improve education in Mississippi, through coordinated strategies and legislation.
In a 2005 interview, Governor
Haley Barbour
Haley Reeves Barbour (born October 22, 1947) is an American attorney, politician, and lobbyist who served as the 63rd governor of Mississippi from 2004 to 2012. A member of the Republican Party, he previously served as chairman of the Republican ...
said that existing economic incentives had focused more on the
manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to ...
sector, and that the project aimed to bring
technology
Technology is the application of knowledge to reach practical goals in a specifiable and Reproducibility, reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in me ...
,
research and development,
distribution and
financial services into state business planning.
The project included support for legislation designed to increase existing
tax credit
A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or a form of state "dis ...
s administered by the Mississippi Development Authority. This included investment incentives for manufacturing sector jobs, technology industries and other existing Mississippi businesses through issuance of
bonds.
In 2010,
Soladigm
View, Inc. is an American glass-manufacturing company that produces a smart glass based on electrochromism.
Founded in 2007, the company is headquartered in Milpitas, California with a manufacturing facility in Olive Branch, Mississippi.
Histo ...
, a technology company based in
Milpitas, California
Milpitas ( Spanish for "little milpas") is a city in Santa Clara County, California, in Silicon Valley. As of the 2020 census, the city population was 80,273. The city's origins lie in Rancho Milpitas, granted to Californio ranchero José Marà ...
which manufactures
energy efficient windows, announced it would open a manufacturing plant in the Olive Branch Industrial Park in
Olive Branch, Mississippi
Olive Branch is a city in DeSoto County, Mississippi, United States. As of the 2020 census, the population is 39,711. Olive Branch is part of the Memphis Metropolitan Statistical Area, a region that consists of three counties in southwest T ...
Barbour said the state provided a $40 million loan through the Mississippi Industry Incentive Financing Revolving Fund, in addition to $4 million in Momentum Mississippi incentives for project improvements at the company's new facility.
References
External links
*{{dead link, date=January 2015
Mississippi Development Authority's Momentum Mississippi Incentives SummaryMississippi Economic CouncilBlueprint Mississippi
2004 establishments in Mississippi
Organizations established in 2004
Organizations based in Mississippi