Expert: Recent legislative work will benefit state businesses

By GALEN HOLLEY
Staff Writer

   Recent state legislation has benefitted business owners in Mississippi, and Grenada is poised to reap the rewards, according to a development expert.
   John McKay, deputy director of government affairs with the Mississippi Manufacturers Association, spoke to a group of local businesses owners and executives at a roundtable discussion sponsored by the Economic Development District.
   “There was a lot of positive momentum with various pieces of legislation that were good for manufacturers in the 2013 session,” said McKay.
   Chief among those bills was the elimination of a 1.5 percent sales tax on energy that Mississippi manufacturers use.
   “We were at a definite disadvantage in the retention and recruitment of industry in the state because of the tax,” said McKay.
   The discount will cost the state’s general fund just $7million, but it will help small industries tremendously, McKay said.
   “We don’t feel that this will be a burden on tax revenue on the state level,” said McKay.

For the full story, see the online edition or the printed edition of the GrenadaStar.

Leave a Comment