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Author Archives: Ted Carter

Higher tax withholdings point to more jobs filled; Mississippi sectors index shows gains

By TED CARTER The value of an index tracking Mississippi’s key business sectors rose a full 1 percent in August, maintaining an upward trend that began five months ago, state economists said in the October “Mississippi Business Report.” The growth in value tracked in the Mississippi Lead Index, or MLI, occurred in all sectors other than manufacturing, said Corey Miller, ...

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Mississippi edges back into good graces of bond raters

By TED CARTER Mississippi’s $100 million in raids on its rainy-day fund and cuts of over $200 million in department and agency budgets the last two years showed bond raters the state can be serious about offsetting sagging revenue collections. The reward is a pair of ratings upgrades on around $350 million in 10-and-20-year general obligation bonds, as well as ...

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The light is always on at LawyerSmack

» Messaging platform gives lawyers a place of their own By TED CARTER Most lawyers aren’t comfortable discussing their work in public. But that changes when they click on a place exclusively for them, LawyerSmack.com. “It’s their water cooler,” says Keith Lee, a Birmingham lawyer and self-confessed tech geek who created the messaging platform two years ago from non-proprietary software ...

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Document sifting gets welcome assist from e-discovery tools

By TED CARTER Lawyers deciding whether to take a case must figure-in discovery costs and the time and money expected to be spent on analyzing documents and other data. Fortunately for lawyers and the people and businesses that hire them, the arrival of the cloud and digital-discovery tools have made those costs much more manageable. Time spent immersed in documents ...

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Convenience stores expect boost from Mississippi lottery

By TED CARTER Mississippi’s convenience store operators have heard the cautions that some of the money customers previously spent on dish soap, soda and bread will be diverted to lottery tickets. But the prospect of making a nickel or more on each one-dollar ticket has the retailers saying, “Bring it on.” Philip Chamblee, head of the Mississippi Petroleum Marketers and ...

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Chasing smokestacks, fostering a creative economy – can Mississippi do both?

By TED CARTER Bill Rayburn Glenn McCullough Mississippi’s government leaders and economic development officials started this decade devoted to making innovation-based, or new economy, startup companies a bigger part of the state’s economic engine. How much they’ve actually contributed as the second decade of the  21st century nears its close depends on who is doing the talking. The assessment of ...

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Mississippi Angel Fund could become go-to-place for startups

By TED CARTER Tony Jeff Innovate Mississippi expects to boost investments in promising Mississippi startups through a regional angel-fund setup it says can make deals easier and more plentiful. Organizers of the Mississippi Angel Fund say they will invite the State of Mississippi to support the funds through tax credits or perhaps even through buying shares that would entitle it ...

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Trust says historic restorations bringing sustained economic dividends

By TED CARTER Three years ago, a John C. Stennis Institute of Government study concluded historic preservation in Mississippi does more than save old buildings. Saving the state’s past, the Mississippi State University-based institute said, carries the time-honored American virtue of making money. Specifically, each dollar of tax credits the state issues puts $2.45 into the pockets of workers and ...

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Clarksdale historic restorations providing room to create

By TED CARTER A $2.3 million transformation of a circa 1923 hotel in Clarksdale that once served as lodging for railroad conductors and engineers is a key cog in a plan to draw artists and other creative people downtown. Restoration of the historic Travelers Hotel on Third Street and transformation of the old Woolworth’s on Yazoo Avenue into residential lofts ...

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