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Author Archives: Ted Carter

Power co-op gets bond rating upgrade after exiting Kemper deal

Cooperative Energy and its 11 co-op members will see lower debt costs on $35.4 million bond   By TED CARTER / Hattiesburg Business Today Bailing out of its 15 percent ownership stake in Mississippi Power’s Kemper gasification plant has helped Hattiesburg-based Cooperative Energy gain a ratings upgrade on a $35.4 million bond issue. The electric power co-op, which changed its name ...

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Upon turning 50, USM’s Nursing College moves to state-of-the-art home

By TED CARTER The opening of University of Southern Mississippi’s Asbury Hall for classes Jan. 17 gives USM a leading role in a strategy by which Mississippi has more than doubled its nursing school graduates since the start of the previous decade. USM’s college of Nursing already accounts for 23.55 percent of nursing baccalaureate degrees awarded in the state, followed by ...

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Southern Miss’s ‘Garden’ science park element ready to market parcels

» Legislature gave USM greenlight to sell, lease properties inside   Hattiesburg Business Today The University of Southern Mississippi is set to begin marketing the approximately 520-acre technology park component of The Garden. Once home to the university’s golf course, the innovation and commercialization park on Shelby Thames Drive already has curb cuts, water and sewer and fiber lines. But until this ...

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Scianna Hall ‘transformative’ for USM College of Business, dean says

» Business student numbers up while USM total enrollment is down   Hattiesburg Business Today Faye Gilbert narrowly missed getting to inaugurate a new home for the College of Business and Economics at Radford University in Virginia, where she served as business school dean. But the opportunity arose anew upon her arrival at the University of Southern Mississippi in summer ...

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Fitch puts stable outlook on state bond refinancing

Ratings agency leaves ‘negative’ outlook in place for other debt   By TED CARTER Successful refinancing of $226.5 million in general obligation bonds in the next few days could erase a $14 million debt-service deficit legislators failed to address in their last session. The refinancing would apply to general obligation bonds issued in previous years. The state’s hopes for a ...

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MISSISSIPPI 100 — State’s entrepreneurs have had success, but mistakes may await

By TED CARTER Mississippi has a lengthy history of growing small private businesses into huge ones, a track record economic development professional Robert Ingram attributes to a combination of risk-takers, nurturers and possibly “something in the water.” “Mississippi has done a tremendous job of creating entrepreneurs and growing them into major players in the field,” says Ingram, a semi-retired economic development ...

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State economists lower growth forecast for rest of year

  By TED CARTER Mississippi’s state economists have pulled back on an already-weak economic forecast for the rest of 2016, projecting that the state’s economy will grow only 1.5 percent instead of the 1.6 percent previously predicted. The new report from state economists includes at least some good news on jobs, forecasting a 1 percent increase in payroll employment for the ...

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First Bancshares plants flag in Florida, Louisiana with new acquisitions

By TED CARTER Hattiesburg’s First Banshares first envisioned a market that stretched from Baton Rouge to Pensacola seven years ago. The $1.2billion holding company parent of The First reached that goal last week with agreements to acquire Iberville Bank in a cash deal and Gulf Coast Community Bank in an all-stock transaction. The acquisitions carry a value of $33.3 million, with ...

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Madison County doing full assessment of economic development before hiring new chief

By TED CARTER Madison County officials say they expect to fill a vacant executive director position at the county Economic Development Authority sometime in the spring. Officials say they must first complete a public-private collaborative “visioning” process for the development authority before filling the post Tim Coursey left in April. In the meantime, Ken Oilschlager will continue guiding the agency on ...

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Developer of Madison mixed-use project mulls hotel, conference center

By TED CARTER Developers of a yet-to-be-announced mixed-use project in Madison County have agreed to consider adding a hotel and conference center to their plans. The Madison County Economic Development Authority and business leaders have been pursuing the hotel and conference center the past couple of years, after having originally raised the idea 13 years ago before concluding costs and projected ...

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