ECONOMIC DEVELOPMENT NEWS
Planning
district: $7.1 million brought to county in three years
A three-year review of federal and state dollars funneled through Northeast
Mississippi Planning and Development District shows the non-profit brought
over $7 million to Marshall County, according to Sharon Gardner with the Booneville
office.
She presented the figures at the July 11 board of supervisors meeting.
For every dollar the county paid out ($15,000 per year), state and federal
dollars brought $122 in return, she said.
Some sectors that benefit from agency grants are small business, home childcare
providers, Medicaid recipients, the economic development sector and schools.
In those areas Gardner reported the following summary of three years’ allocations
to projects:
• $1.8 million in revolving small business loans to individuals in Marshall
County with a total active outstanding principal balance of $1.5 million.
• $1.6 million for home childcare providers.
* $1.6 million for Medicaid waivers supporting 100 recipients. “The fiscal
year 2005 funding is at $649,000.
• $2.1 million in economic development grants with close to $900,000 of that
in loans.
• Computer services and technical assistance to the county.
Gardner said pending applications awaiting action include economic development
authority money for Chickasaw Trails Industrial Park, several industries, Potts
Camp Town Hall renovation, and Audubon at Strawberry Plains.
NEPDD also supported applications for improvements on Mt. Carmel Road, Marshall
County Strategic Planning and the county’s hazards mitigation plan.
- The South Reporter