Sponsored by The Trent Lott National Center for Excellence in Economic Development and Entrepreneurship
In This Issue
Upcoming Events
Job Opportunities
January 25, 2016
New Adjunct from Baker Donelson to Teach ED Finance
Matthew McLaughlin, J.D., is a new MSED adjunct faculty teaching ED 722 Economic Development Finance this spring. At Baker Donelson he advises clients on federal, state and local economic development incentives and non-traditional sources of capital, namely in the areas of energy, technology, manufacturing, affordable housing, historic preservation and community development. He has experience representing parties in transactions that leverage new markets tax credits, low income housing tax credits, historic tax credits and energy production tax credits. In addition, Matthew focuses a portion of his practice on representing start-ups, emerging companies and investors on a wide variety of organizational issues, corporate transactions, corporate financings, securities laws and corporate compliance matters. Matthew also chairs Baker Donelson's craft brewery and craft distillery industry focus team, drawing on extensive expertise working with regional craft breweries and craft distilleries in all aspects of their operations.  As part of his recent class, he took the students on a private tour of Southern Prohibition Brewing to discuss financing micro-breweries. 
External funding for research and sponsored programs at The University of Southern Mississippi totaled $72,976,047 for fiscal year 2015 - a 24.1 percent increase from the previous year.

"These figures show the commitment of the USM faculty to conduct cutting-edge research, while applying and successfully competing for external research dollars," said Cannon. "We are educating and training the next generation of researchers at USM, and external funding plays a vital role in the overall success of this mission."
A breakdown of federal agencies that awarded significant funding to Southern Miss in FY 2015 include the following:
  • U.S. Department of Education - $9,831,434, or 13.5 percent
  • U.S. Department of Health and Human Services - $9,120,454, or 12.5 percent
  • U.S. Department of Commerce -- $6,978,009, or 9.6 percent
  • National Science Foundation -- $6,761,317, or 9.3 percent
  • U.S. Department of Defense -- $6,475,163, or 8.9 percent
The University saw a 38 percent rise in funding from business and industry between FY 2014 and FY 2015. Of the total grants and awards received in FY 2015, almost $18.5 million was funded by business and industry. A significant portion of those awards were presented as part of the BP oil spill settlement to study the effects of the Deepwater Horizon explosion and oil spill on the Gulf of Mexico ecosystem. View full article.
StateBook Being Incorporated into the MSED Program
StateBook International, the first online marketplace for site selection and economic growth and development, is partnering with the MSED program to educate the next generation of economic developers to be data-driven.  StateBook was designed to help site selectors and economic development organizations (EDOs) improve the location decision process. The online platform matches a company's needs to more than 63,000 data points including demographic, education, workforce, tax, utility, infrastructure, incentives, and GIS-based information.  Students in ED 722 Economic Development Theory & Research Methods will get hands on training on how to develop an EDO microsite for marketing a community for site selection using StateBook. The website allows EDOs to become discoverable on an interactive GIS mapping platform. It also includes compare and reporting tools for site selectors.  With 90% of the initial site-selection decision being made on-line before an EDO is contacted, it crucial that economic developers know how to use tools like StateBook.
Southern Miss Economic Development | [email protected] | 118 College Drive #5191
Hattiesburg, MS 39401-0001