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Daily Archives: August 21, 2012

Defense firm Mav6 represents Ms. on Inc. 500; six others land on Inc. 5000

Privately owned defense contracting firm based in Vicksburg represents Mississippi’s lone entry on the Inc. 500 for 2012, though six other companies received rankings on the magazine’s Inc. 5000 for this year. In rankings released Tuesday, systems integrator Mav6 moved from a 2011 ranking of 373 to 230th on the Inc. 500 list, propelled by revenue growth of 1,556 percent ...

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Officials see possible return of furniture-making jobs

STARKVILLE — Mississippi spent 50 years poaching factories from the North with cheap land, labor and government incentives before hitting headwinds from China, where labor was even cheaper. But industry leaders said yesterday at Mississippi State University that the Magnolia State and the rest of the U.S. have a chance to reverse manufacturing losses. “I am optimistic we will be ...

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Supervisors terminate architect of new county jail

PASCAGOULA — Jackson County supervisors have fired the architect for the new county jail. The Sun Herald reports the supervisors voted to terminate the contract with Pryor & Morrow, who has been working on the jail for more than 10 years. Board of Supervisors president John McKay said the move would free the county to go in a different direction. ...

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Study: 'Religious' states give more to charity

ACROSS MISSISSIPPI — A new study on the generosity of Americans suggests that states with the least religious residents are also the stingiest about giving money to charity. The study released by the Chronicle of Philanthropy found that residents in states where religious participation is higher than the rest of the nation, particularly in the South, gave the greatest percentage ...

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Friends pledge to raise millions for pediatric heart facility

JACKSON — Friends of Children’s Hospital, a group of volunteers dedicated to Batson Children’s Hospital at the University of Mississippi Medical Center, has pledged $2 million toward the creation of a new Children’s Heart Center at UMMC. The pledge was announced during a gala Friends event held at the Mississippi Museum of Art, “An Enchanted Evening, Presented by BankPlus.” “The ...

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Part of Horn Island closed after materials test positive for mustrad gas

GULF OF MEXICO — The Gulf Islands National Seashore has closed about 30 acres of Horn Island to the public indefinitely after BP cleanup workers discovered tiles containing asbestos. GINS superintendent Dan Brown says one of 12 areas tested at that site also came back positive for mustard gas. Brown says the hazardous materials are on the northwestern shore in ...

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Journal Inc. has history of region building with quality journalism

One of the oldest companies in Mississippi, the Northeast Mississippi media company Journal Inc., is unique in that it has had no layoffs during the recession. The Journal, which publishes the Northeast Mississippi Daily Journal in Tupelo and 20 weekly newspapers (including the Mississippi Business Journal), is unique in that it is owned by the nonprofit CREATE Foundation — which ...

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Mississippi's Journal Inc. buys the MBJ

JACKSON — Tupelo-based Journal Inc. has announced it has acquired the assets of Mississippi Business Journal, the state’s leading business publication, from Minnesota-based The Dolan Company. Journal Inc. CEO/President/Publisher Clay Foster announced the completion of the deal this week to the leadership and staff of the Mississippi Business Journal. “We are excited to welcome the MBJ as the newest team ...

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Low water shuts down Mississippi River; nearly 100 boats idled

MISSISSIPPI RIVER — Nearly 100 boats and barges were waiting for passage yesterday along an 11-mile stretch of the Mississippi River that has been closed due to low water levels, the U.S. Coast Guard said. New Orleans-based Coast Guard spokesman Ryan Tippets said the stretch of river near Greenville has been closed intermittently since Aug. 11, when a vessel ran ...

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Fitch gives Mississippi Power 'negative' outlook; cites Kemper costs

GULFPORT — Fitch Ratings has rated Mississippi Power Company’s (MPC) issuance of $200 million series 2012A 4.25% senior notes due March 15, 2042 as “A.” These notes are part of the same series of debt securities as the $250 million senior notes issued on March 9, 2012. These notes are senior, unsecured obligations of MPC. The Rating Outlook is “negative.” ...

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