by MBJ Staff Published: September 30,2011
Tags: banking and finance, Banks, disaster, disaster recovery, drought, financial institutions, heat, loans, natural disaster, severe weather, small businesses, Weather
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 [...] [...]
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. [...]
by MBJ Staff Published: September 30,2011
Tags: forestry, forests, investing, investments, land, mergers and acquisitions, real estate, timber, timberland, trees
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 [...] [...]
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 [...] [...]
by MBJ Staff Published: September 30,2011
Tags: banking commissioner, Commercial Real Estate, convention center hotel, Digital edition, Hyundai, JACKSON, Jeff Seabold, John Allison, Kewanee, Leland Speed, MBJ, megasite, Meridian, Mississippi Business Journal, MSU director of architecture school
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. [...] [...]
by MBJ Staff Published: September 30,2011
Tags: Alabama, Area Development Magazine, Bill Parcells, California, Georgia, healthcare, Indiana, Lady Gaga, Louisiana, Marianne Hil, Mississippi, Mississippi Institutions of Higher Learning, National Football League, New Economy Index, New York Giants, North Carolina, South Carolina, Tennessee, Texas, union
Positive is great. Reality is, well, real. Every once in a while, a talking head will rebut some statistic that’s not favorable to his or her opinion by saying, “Yeah, well, you can make statistics say whatever your want them to say.” Super Bowl winning coach Bill Parcells, however, famously said, “You are what your [...] [...]
by Associated Press Published: September 30,2011
Tags: courts, defense, disaster recovery, hurricanes, lawsuit, manufacturing, military, misappropriation, severe weather, shipbuilding, tropical weather, Weather
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 [...] [...]
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 [...] [...]
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 [...] [...]
GULF OF MEXICO — Four federal agencies have begun work to save Ship Island from erosion that has become a serious threat to the island’s existence. The Sun Herald reports sand is being added to north side of West Ship Island as a prelude to a $300-million project next year to fill-in the Camille Cut. [...] [...]
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