Madison County receives Entergy grant
In the competitive world of economic development, everyone is looking for that extra edge. Madison County Economic Development Authority, along with nine other Mississippi economic development groups, will get help with that in the form of a 50/50 matching grant from Entergy Mississippi’s Excellerator Competitive Communities program.
In its fifth year, the program helps county economic development organizations pursue projects that make them more attractive to companies looking to expand or locate new facilities.
This year, Entergy has awarded nearly $95,000 in grants, bringing the company’s five-year total to more than $423,000.
“The efforts our communities have put into qualifying sites and improving their readiness is paying off, and the Excellerator program has helped,” said Ed Gardner, Entergy Mississippi director of business and economic development. “Amazon, Premium Waters, Google and Biewer Lumber are a few recent projects announced in our area, and they amount to projected investments of nearly $400 million dollars and will lead to the creation of more than 1,800 jobs.”
“We’re excited our community and economic development organizations have participated so well in the program,” he added. “It’s our intent to continue providing this assistance to our communities.”
Entergy awards grants in four categories: marketing, industrial building enhancements, site readiness and strategic planning. This year’s winners are:
• Natchez, Inc.
• Greater Grenada Partnership
• Madison County Economic Development Authority
Industrial Building Enhancements:
• Montgomery County Economic Development Authority
• Vicksburg Warren Partnership
• Cleveland – Bolivar County Chamber
Qualified Sites Grants:
• DeSoto County Economic Development Council
• Hinds County Economic Development District
• Rankin First Economic Development
• Tate County Economic Development Foundation
“Site readiness has proven to be a significant benefit for counties participating in the program and for Entergy’s service area,” said Gardner. “Site qualification grants totaled nearly $300,000 in the five years since the program began. These matching funds have been leveraged with approximately $3.1 million in other funds, including Mississippi Development Authority Site Development grants, Delta Regional Authority States Economic Development Assistant Program (SEDAP) grants and others for a total impact of more than $3.5 million.”