By GALEN HOLLEY
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.