- Associated Press - Wednesday, December 10, 2014

CANTON, Miss. (AP) - Madison County recently approved lending another $300,000 for the construction of new headquarters for its economic development arm, the Madison County Economic Development Authority.

The Clarion-Ledger reports (https://on.thec-l.com/1ukOCLI ) the construction was originally bid out in April for around $1 million, but expenses mounted as the work continued.

MCEDA’s Executive Director Tim Coursey said he had the $300,000 in reserves but asked for the additional money from the supervisors to keep the monthly note down and to avoid tapping into reserves.

MCEDA currently pays around $6,000 in rent for the space at its Ridgeland office on Highland Colony. Coursey says the monthly payments for the loan will be about the same amount.

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Information from: The Clarion-Ledger, https://www.clarionledger.com


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