24 of 50
BACKNEXT
Jackson, MS
Jackson, MS
Devereaux Galloway
Solar Power of Mississippi

My company, Solar Power of Mississippi, supplies photovoltaic panels -- which convert sunlight into electricity -- to individuals, businesses and governments. We also have a research division that's trying to improve solar panel efficiency, and we're starting a manufacturing arm.

There is a lot of interest in what we're doing on a local level. People in the city, especially homeowners, are eager to do business with us. They're receptive, just uninformed. We have to show them the benefits of renewable technologies, how they increase the value of a house and pay for themselves over time.

We also have to educate our city government. There are lots of federal and state funds that help pay for solar installations, but most elected officials aren't aware of them.

Occasionally we get resistance from some older business owners who aren't interested in doing things the new way. A lot of that depends on your connections. If you're not aligned with the right people, then you might be viewed as an outsider, trying to take over.

Other places, like Louisiana, are further along than Mississippi in promoting renewable energy. But I'm from Jackson, and I'm a stubborn, local guy. I believe that Mississippi is a prime location. We're centrally located, six hours from Atlanta or Dallas and three hours from New Orleans or Memphis. Most of the renewable energy products that come into the United States come through the Port of Pascagoula, a few hours away. Jackson has all the components to be a Silicon Valley of renewable energy. -Ward Schaefer

See complete data for Jackson, MS

NEXT: Jefferson City, MO

Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
LAST UPDATE: Oct 20 2009 | 9:39 AM ET
Best launch spots: See all 50 Growing economies, great workers, stable housing markets -- these metro areas have what entrepreneurs need to thrive. More
Tax havensWant to keep more of your profits? Check out these 5 states, where taxes are low -- and in some cases, nonexistent. More
5 deadly spots Every restaurateur knows about Cursed Locations. Here's a look at 4 trying to break the streak -- and one that failed. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.