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Daily Archives: September 30, 2011

Deadline nearing for SBA disaster loans

NORTH MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses that Oct. 17 is the filing deadline for federal economic injury disaster loans available in the counties of DeSoto and Marshall in Mississippi. The SBA declared a disaster because of the drought and excess heat that began on June 1, 2010. The SBA’s Economic Injury Disaster Loan program ...

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Magnolia Regional gets CON to add more beds

CORINTH — Magnolia Regional Health Center has received certificate of need (CON) authority for the addition of 36 acute care beds. This addition will increase the total number of licensed acute care beds at the hospital to 181. The total capital expenditure for this project is $499,500.

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Molpus Woodlands buys timberland in two states

JACKSON — The Molpus Woodlands Group, LLC, on behalf of an unnamed client, has successfully purchased approximately 26,500 acres of timberland located in Georgia and Virginia. The timberland, located in Liberty and Long Counties in Georgia, and Greensville, Sussex and Southhampton Counties in Virginia, consists mainly of southern pine timberland. Molpus currently manages approximately 22,000 acres in Georgia and Virginia. ...

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Scientist studying 'panda pooh' for biofuel production

STARKVILLE — A Mississippi State University assistant professor is looking to “panda poop” — or microbes in panda excrement that breakdown woody materials — as a possible means to biofuel production. Ashli Brown, a biochemist in MSU’s Department of Biochemistry, Molecular Biology, Entomology, and Plant Pathology, recently discovered that microbes in panda feces are strong enough to break down the ...

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Read the October 3rd issue of the MBJ online

In this week’s MBJ, Clay Chandler examines whether there is a megasite available for a new Hyundai plant. The MDA’s Leland Speed says there are no sites available. However, the East Mississippi Business Development Corp. executive director Wade Jones says the 1,400-acre Kewanee site is still available for Hyundai or anyone else that wants it. So, what is Leland Speed ...

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Shrimp processors fighting proposed H2-B pay raises

Shrimp processors along the Mississippi Gulf Coast have filed for injunctive relief in federal court in an effort to block a proposed rule change by the U.S. Department of Labor in determining wages paid under the department’s H2-B guest-worker program. A late September decision by the Labor Department to delay the new wage-determining rule has the Biloxi-based American Shrimp Processors ...

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Huntington Ingalls' ex-parent accused of misusing Katrina funds

PASCAGOULA — Huntington Ingalls Industries Inc. has disclosed a federal civil investigation into allegations that its former parent — defense giant Northrop Grumman Corp. — used Hurricane Katrina relief funds to improperly recover shipbuilding costs. In its latest quarterly filing with the Securities and Exchange Commission, Newport News, Va.-based Huntington Ingalls said it is cooperating with the investigation and denies ...

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Settlements reached in Stennis whistleblower case

HANCOCK COUNTY — The Justice Department said two companies and three individuals have agreed to pay $22.6 million as part of a whistleblower lawsuit that accused them of rigging a contract at Stennis Space Center. The 2009 lawsuit, filed in federal court in Mississippi, claimed three current or former federal employees conspired to steer a computer contract to a team ...

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Toyota begins four-cylinder engine production

HUNTSVILLE, Ala. — State and local officials joined Toyota team members and executives yesterday to mark the start of four-cylinder engine production at Toyota Motor Manufacturing, Alabama, Inc. (TMMAL) in Huntsville, Ala. The addition of four-cylinder engine production boosts TMMAL’s employment to almost 1,000 and total investment to $637 million. Total annual engine capacity of four-cylinder, V6 and V8 engines ...

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