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Accelerating Mississippi’s growth: Why venture capital is key

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Accelerating Mississippi’s growth: Why venture capital is key


Mississippi stands on the brink of a transformative era. With a history steeped in agricultural and manufacturing industries, local leaders have recognized in recent years that, due to rapid technological change, the state’s evolution as an innovation-based economy is necessary to secure its place on the national stage.

The state recently securing $86 million in federal funding for small business and startups is a testament to this work. The 2023 Mississippi Innovation Plan underscores the critical need to nurture a robust environment to attract and cultivate startups, particularly by increasing the availability of risk capital. 

While renowned innovation hubs in the U.S. like Boston and the San Francisco Bay Area capture much attention from investors, a quieter but equally significant revolution is underway in cities like Austin, Nashville and Atlanta, and even smaller markets like Chattanooga, Huntsville, Asheville and Green Bay. Mississippi, with its unique potential but fewer established connections, must strategically leverage its resources to achieve its long-term goals in the venture capital arena. 

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Laying the groundwork with local partners

In recent years, Mississippi has demonstrated a clear commitment to enhancing its startup ecosystem. Efforts from organizations like Innovate Mississippi, local angel networks, and the state’s nationally recognized universities have set the stage for significant growth. 

Our team at gener8tor, a national venture capital firm, has actively engaged with these local partners to understand the specific needs of Mississippi’s startup ecosystem. Through these conversations, two critical requirements have emerged: comprehensive founder education and support, and access to risk capital. By addressing these needs, we can identify and nurture local founders, ensuring they remain in Mississippi to contribute to the state’s growth rather than seeking opportunities elsewhere. 

Retaining homegrown talent

Glo, headquartered in Starkville, is a prime example of Mississippi’s potential as an investment-friendly ecosystem. Founded by two Mississippi State University students in collaboration with the MSU Center of Entrepreneurship and Outreach, Glo has achieved remarkable success. Initially recognized for their innovative product, Glo Cubes, the company has pivoted its target market to focus on children’s toys, where their product enhances sensory skills.

With a recent $1.72 million capital raise, Glo’s valuation has soared to nearly $20 million. In addition, Glo has renovated the historic Rex Theater for its offices, further proof of the economic impact startups can have on local economies. This is precisely the kind of company we need to support and retain within the state, ensuring local investors and customers benefit from their success. There are many more “Glos” in Mississippi waiting for support, investment and the opportunity to thrive locally. 

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Driving progress and investment

At gener8tor, our mission is to foster investment in promising regions like Mississippi. We have a demonstrated track record of galvanizing startup ecosystems in small-to-mid-sized markets that are often overlooked by traditional venture capital funds, particularly those in the South and Midwest, without compromising returns. 

Mississippi is fertile ground for opportunity. It’s time to accelerate this progress, and we’re ready to hit the ground running. 

Our dedication to community-driven growth is evident in our track record. We have facilitated over $2.2 billion in total follow-on financing, created more than 12 thousand jobs, and witnessed 40% of our alumni raising over $1 million in follow-on financing or achieving acquisition. Additionally, 62% of our alumni have raised more than $250K in follow-on financing or achieved acquisition. 

Currently, we are raising a venture capital fund to invest specifically in Mississippi startups. In addition, we’re working closely with key partners, like Innovate Mississippi, and will be sponsoring this month’s Accelerate Conference.

Through targeted investment opportunities, we aim to ensure that the benefits realized from Mississippi’s innovative companies remain local, driving sustainable economic growth for the state. It’s time to unlock Mississippi’s full potential.

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We invite Mississippi founders to connect with us and help drive this exciting new chapter for the Magnolia State. 

Emily Wykle, regional vice president, gener8tor



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Portrait of former MS Speaker Philip Gunn added to House gallery

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Portrait of former MS Speaker Philip Gunn added to House gallery


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  • A portrait of former Mississippi House Speaker Philip Gunn was unveiled at the state Capitol.
  • Gunn was the first Republican Speaker in Mississippi in over 130 years, serving from 2012 to 2023.
  • The portrait, painted by Jason Bouldin, includes details like the new state flag, which Gunn championed.

Another portrait of a Mississippi Speaker of the House is set to grace the walls of the chamber.

More than 200 family members, legislators and Capitol staff came together March 25 to see the new portrait of former Speaker Philip Gunn. Gunn, who became the first Republican to occupy the position in more than 130 years when he was elected in 2012, served five terms in the body before opting not to seek re-election in 2023.

Gunn’s portrait is the sixth of the speaker series, and it was painted by Oxford-based artist Jason Bouldin, who also contributed the portrait of Gunn’s predecessor, former Speaker Billy McCoy. Bouldin and his father, Marshall Bouldin III, painted all six of the Speaker of the House portraits hanging in the Capitol.

“Painting contains an inherent challenge for us as the viewer,” Bouldin said at the portrait unveiling ceremony. “By its very nature, it lacks words. That doesn’t mean that paintings are necessarily silent.”

Bouldin brought viewers’ eyes to details in the painting, like the new Mississippi state flag, which Gunn led efforts to change in 2020, emblazoned in the corner. He placed Gunn on a simple, armless chair, he pointed out, the same chair that House junior pages use.

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“I wanted this portrait to capture him as more of a person than as a speaker,” Bouldin said. “The goal for any portrait is not simply to look like somebody… That’s a relatively easy thing to do. It’s more important to get the feelings of a person.”

Gunn, he said, was surprised when Bouldin requested a day and a half to paint his portrait.

“I said, ‘My God, what are we going to do for a day and a half? Just take a picture and go paint,’” Gunn recounted at the ceremony. “But no, he wanted to get to know me and Lisa (Gunn’s wife). He wanted to find out what our values are and who I am as a person.”

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Gunn thanked countless people in his speech, including his family, former colleagues in the House and Gov. Tate Reeves, who sat alongside him during the ceremony. He singled out the members of the Senate in attendance, emphasizing the importance of cooperation between the chambers to turn bills into laws.

He also touted what he considered the biggest successes of his tenure as speaker, including the change of the state flag and the legislation that led to the reversal of Roe v. Wade.

“Brighter days are ahead for Mississippi, but that bright future is not guaranteed,” he told the audience. “It took leadership for us to get here, and it’s going to take leadership for us to get there. I want to be a part of that.”

Bea Anhuci is the state government reporter for the Clarion Ledger. She has covered the Mississippi state legislature, and the people who make it run, since the start of the session. Email her at banhuci@usatodayco.com.

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Mississippi lawmakers face deadline on pharmacy benefit manager reform

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Mississippi lawmakers face deadline on pharmacy benefit manager reform


JACKSON, Miss. (WLBT) – Independent pharmacists packed the State Capitol Tuesday, urging lawmakers to take action on pharmacy benefit manager reform before Thursday’s deadline.

Pharmacists say the next step for House Bill 1665 could decide whether some local pharmacies can stay open.

Pharmacy benefit managers are the middlemen between pharmacies and insurance companies.

“You’ve been dealing with these folks since they were babies. I mean, it’s about patient care. It’s not just about the pharmacies. I mean, we just need to be paid well enough that we can stay in business to support these people,” said Joe Mohamed, president of the Mississippi Independent Pharmacy Association.

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Business groups oppose Senate changes

Business groups are pushing back against a dispensing fee added by the Senate.

They claim the fee could raise costs for employers and employees. Pharmacists argue other states have done the same without increasing costs.

“States all around us have done this exact same thing… they haven’t raised costs,” pharmacist Fair Jones said.

Sen. Jeremy England said it’s a complex issue, but he hopes lawmakers will figure it out.

“A lot of our legislators have issue fatigue with this. We want to get something done, like get it to the finish line. We’ve talked about this. We’re ready to have it done,” England said.

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England is among those who didn’t think the dispensing fee should have been added in the Senate version.

“It ends up being a big cost when you have a big employer…with thousands and tens of thousands of employees,” he said.

White House weighs in

In an unusual move, the White House sent a memo last week asking the House not to concur with the Senate changes.

The memo said the changes risk undermining key administration priorities, particularly those related to expanding access to affordable prescriptions.

Rep. Stacey Hobgood Wilkes questioned the memo’s validity.

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“I give that letter zero credibility,” she said. Hobgood Wilkes said she worries history may repeat itself.

“If it goes to conference, with everything in me, I believe the bill is dead,” she said.

Pharmacists are making their final pleas for the House to concur with the Senate version.

“It is enough to keep my pharmacies from closing, yes, and probably most everybody behind me too,” Mohamed said.

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How Elon Musk’s Mississippi power plant is affecting residents 

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How Elon Musk’s Mississippi power plant is affecting residents 


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Residents in Mississippi say that a power plant, owned by Elon Musk is ruining their quality of life. NBC News’ Priscilla Thompson talks to some of the long time residents on how the plant is impacting their lives. 

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