Trent Lott National Center

SOUTHERN MISS ECONOMIC DEVELOPMENT NEWS 

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5.21.12

 

U.S. ENERGY INDEPENDENCE IS NO LONGER JUST A PIPE DREAM -
MISSISSIPPI ENERGY STRATEGY ON TARGET   


Williamsport, Pa., used to be celebrated for its past - as the 1938 birthplace of Little League Baseball, which still plays its annual World Series nearby. Then natural gas was found. Now this once-sleepy chunk of north-central Pennsylvania is a star on the map of an emerging national energy rush. Six hotels are new or being built, and about 100 companies have moved to town, sometimes so fast that the head of the local Chamber of Commerce has told executives wanting guided tours to wait. "I've said, 'Look sir, get in line,' " says Vince Matteo, chief executive of the Williamsport/Lycoming chamber. "Now I know people in their 20s with high school (diplomas) making $120,000 a year." Much of Wall Street and Washington is seized by the hope that the U.S.'s energy future will be as bright as Williamsport's. As Americans heave a sigh of relief at gasoline prices falling back from near $4 a gallon, big new discoveries of domestic oil and natural gas hold the promise of more substantial benefits for the U.S. economy for decades to come - even the possibility of energy independence. LEARN MORE 

WHERE HAVE ALL THE YOUNG FIRMS GONE? 


A new report Where Have All the Young Firms Gone? by the Kauffman Foundation of Entrepreneurship finds that there has been a steady and accelerating decline in the rate of job creation by entrepreneurial businesses from almost 13 percent in 1980 to less than 8 percent in 2010. Further, the share of employment accounted for by young firms has fallen from more than 20 percent in 1980 to as low as 12 percent in 2010. The largest declines are concentrated in the West, Southwest, and South.  Mississippi's decline in percentage employment accounted for by young firms was less than most states, but still in the -5.8% to -4.5% range. The study does not explain what is causing the decline, but notes that traditionally much of the Nation's productivity and job growth is driven by startups and young firms. DOWNLOAD REPORT 

TLNC PARTICIPATES AT YOUR TOWN INTERACTIVE WORKSHOP        


Representatives from more than 21 Mississippi communities convened at Lake Tiak O'Khata in Louisville May 9-11 for an interactive workshop which focused on community development using basic design and planning principles. Participants produced designs, ideas and plans for a fictitious Mississippi city called "YourTown."  Rick Duke (pictured left), Director of Trent Lott National Center, presented a session on Economic Development. The Center was also one of the partners for the event. 

UPCOMING EVENTS     


September 17-20 - True South Basic Economic Development Course | Hattiesburg, MS  
 
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Trent Lott National Center | Master of Science in Economic Development  

 

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