Expert: Recent legislative work will benefit state businesses

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.

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