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Daily Archives: January 18, 2013

Banks can assist small businesses with a variety of services, programs

Banks can be small business owners’ best friends, providing a range of services, advice and a shoulder to lean on. The definition of a small business can vary, depending on how much activity a business runs through a bank, according to Art Stevens, president of retail banking for Trustmark National Bank. “Accounts can trigger based on activity. Lots of banks ...

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Serving the state’s quiet wealth

The expansion of investment banking firm Chaffe & Associates from its base in New Orleans into Jackson in 2011 was a natural extension of its business that provides services in three main areas — valuations, merger and acquisitions and financial institutions. “The New Orleans and Jackson markets are similar in that they are populated with private companies, and there are ...

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The money’s there, but small businesses put borrowing aside

Bankers say they have the money to lend small businesses but they see owners staying on the sidelines rather than borrowing. Chevis Swetman, chairman of the board and chief executive officer of The Peoples Bank in Biloxi, neatly sums up small business owners’ hesitancy: “Three little words: Fear, uncertainty and doubt.” The Peoples Bank has 16 branches in four coastal ...

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A general with a big heart

The growing number of homeless people in the Gulfport area touched Ted Hearn’s heart. Always active in community events, he became involved with a local soup kitchen, Feed My Sheep, as a board member and food server in the daily lunch line. He also worked with the Salvation Army and helped operate a cold weather shelter for the first time ...

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"A Time to Kill" play is headed to Broadway

Daryl Roth Productions is developing a live theater version of John Grisham’s book A Time to Kill and the New York City production company has told the Mississippi Business Journal that the play will be coming to Broadway for the first time this fall. The original play by Tony-winning director Rupert Holmes premiered at Arena Stage in Washington, D.C. in ...

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Greenville native stars on "American Idol"

Greenville native Courtney Williams has won a spot on this year’s season of “American Idol.” Check out this video to hear her story including her struggle with juvenile diabetes. “I’m the next American Idol because I have what it takes,” Williams says. Last year, Brandon native Skylar Laine made it to the show’s top ten and toured the country with ...

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Hosemann plans fight to keep 16th section lease oversight

Secretary of State Delbert Hosemann plans to spend at least part of the 2013 legislative session opposing a measure that would take 16th section land lease oversight from him and give it to individual school boards. Hosemann, in his role as the state’s land officer, oversees the management and the leasing of Mississippi’s 640,000 acres of 16th section lands. Of ...

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Health officials inspect state's only abortion clinic

JACKSON — The state Health Department this week inspected Mississippi’s only abortion clinic to see if it’s complying with a 2012 state law that eventually could put it out of business. Findings aren’t being made public yet, but the clinic remains open. Health Department spokeswoman Liz Sharlot says it’s standard procedure for findings to be given first to any facility ...

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Mississippi gambles on technology developments some deem to be too risky

For years, Mississippi has placed a priority on providing assistance to technology companies to create jobs that pay more than average and help improve the economy of the state. But the failure of some of those start-up companies to get off the ground despite major incentive packages from the state raises concerns. Under the administration of Gov. Haley Barbour, the ...

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State's unemployment rate rose in December

ACROSS MISSISSIPPI — The state’s unemployment rate ticked up to 8.6 percent in December. Despite the one-month rise, Mississippi’s jobless rate still decreased the third-most among states in 2012, in percentage point terms. Only Nevada and Florida saw larger drops. The state’s unemployment rate was 8.5 percent in November and 10.5 percent rate in December 2011. The unemployment rate rose ...

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