INSIDE — MBJ’s inaugural Leaders in Finance magazine
www.msbusiness.com
Keeping our eye on... Sophie McNeil Wolf As the marketing coordinator for Millsaps College in Jackson, Wolf handles official photography, social media, general advertising, special projects and copy writing assignments for the college.
More newsmakers, P 23
November 29, 2013 • Vol. 35, No. 48 • $1 • 28 pages
MANUFACTURING
SAINTS MOVING
IS ONSHORING THE NEW TREND? » Local manufacturers finding a more level playing field BY WALLY NORTHWAY I STAFF WRITER wally.northway@msbusiness.com
Around town {P 4} » New owners plan cautious change for Highland Village Lists » Economic Development Projects {P15} » LEED Certified Facilities {P19} » Waste/Recycling Centers {P20-22}
Inside Biz {P 5} » Olive oil company on the Gulf Coast has taken off
» John Fayard does that every week » Page 11 MBJ FOCUS: Going Green
Markets are improving for recycled materials Page 17
Mississippi’s manufacturing industry got some good news lately when it was announced Mississippi State University and partners had received a nearly $2-million federal grant aimed at, among other things, reshoring jobs lost to foreign countries and increasing the number of advanced manufacturing positions. But optimism was already growing that Mississippi can not only recoup offshored jobs, but also reverse the playing field by landing more foreign investment, says Jay Moon, CEcD, FM, president and CEO of the Mississippi Manufacturers Association. “The U.S. is still the number one market in the world,” Moon says. “We are seeing a lot of activity (in reshoring). We are also seeing more and more foreign countries looking at Mississippi and the Southeast (to site plants).” Moon points to numerous factors that are steering reshoring and increased foreign investment: • Rising foreign wage rates • Increasing transportation costs and logistical issues • Decreasing domestic energy costs • Concerns about quality control in foreign markets, particularly high-profile issues in China See ONSHORING, Page 10