Author Archive

HOLDING IT ALL TOGETHER — Keeping companies’ banks united provides advantages for large and small

Put simply, bank holding companies own one or more banks, but don’t engage in banking themselves. And although BHCs involve legal complexities and regulatory considerations, BHCs are favored by many banks because they provide more flexibility in raising capital and more liquidity for shareholders. BHCs are favored by both large and small banks. “It is […] [...]

Millsaps dean’s lessons reach beyond classroom

Dr. Kimberly G. Burke, dean of the Else School of Management at Millsaps College and professor of accounting, said she was “surprised and delighted” by being receiving the 2014 Outstanding Educator Award from the Mississippi Society of Certified Public Accountants. “This was a completely unexpected honor,” Burke said. But it came as no surprise to […] [...]

MDA’s Christensen forecasts economic growth momentum continuing in 2015

Mississippi Development Authority Executive Director Brent Christensen foresees 2015 being a year when the state builds upon the strengthening economic activity of both the state and the nation in the past year. “As the national economy continues to rebound and strengthen, that momentum will continue to carry over,” Christensen said. “Companies are increasingly seeking new […] [...]

State economic development leaders optimistic of 2015

State business and economic development leaders are optimistic that the sluggish economic recovery from the 2008 recession will kick into high gear in 2015. At 7.6 percent, Mississippi had the second highest unemployment rate in the country in November. But that is a significant improvement from rates of more than 10 percent in 2011, and […] [...]

BUILDING BRIDGES — Civil engineer Cindy Rich manages time between family and projects

It has been said that modern women can’t have it all, raise a family while also climbing the career ladder and accomplishing great things at work. But Cindy Rich, a licensed civil engineer who is vice president and engineer manager for the structures department at Neel-Schaffer, Inc. has been able to oversee major engineering projects […] [...]

What are the pros of CONS? — Some states eliminate Certificates of Need, calling it barrier to competition, reduced costs

by Published: December 4,2014

Tags: Business, CON, healthcare, hospitals, Mississippi, NEWS

Mississippi law requires that Certificates of Need (CON) must be granted before a hospital can be built, begin operation or expand, and for a wide range of other medical facilities and services. A CON is needed for any capital expenditure more than $1.5 million for equipment, more than $2 million for operation of a clinical […] [...]

WHICH WAY IS UP? High stock market values are at odds with nation’s lackluster economy

During the stock market crash of 2008-2009, Dow Jones investors lost on average half the value of their investments. But those who stuck with it have since seen stocks rebound about 270 percent since then. “With the exception of the 17 percent decline in the summer of 2011, volatility has been very mild,” said Stacy […] [...]

Rollback of environmental regs might not be best move for Republican Congress

Some environmental groups are warning that the Republican takeover of Congress could result in a major attack on environmental regulations. Mitch McConnell from coal-heavy Kentucky, expected to be the new Senate Majority Leader, has said his top priority next year is to rein in the Environmental Protection Agency (EPA). But the Republican election victories won’t […] [...]

THE PENALTY PHASE — Project owners depend heavily on timely completion  

by Published: November 13,2014

Tags: Business, construction, Mississippi, NEWS

Nearly every large construction project is planned and financed based on a specified completion date. While many things can disrupt that plan ranging from bad weather to supply or labor shortages, failing to meet the deadline can result in significant penalties. “Owners of projects, especially in the private sector, depend upon timely completion so use […] [...]

Message Point Media changes how businesses information is disseminated digitally

by Published: October 30,2014

Tags: Business, Mississippi, NEWS, technology

Do you get bored waiting in a doctor’s office or in the line to get your driver’s license renewed? If so, you may appreciate the products of Ridgeland’s Message Point Media, a rapidly growing firm that specializes in placing digital signs in schools, businesses and governmental agencies that display information ranging from informing students of […] [...]

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