Author Archive

New law on taxing methods hailed as big win for businesses

The Mississippi Economic Council completed a victory lap over passage of its priority tax legislation by having Gov. Phil Bryant sign House Bill 799 at the close of the business organization’s annual meeting and luncheon last Thursday. At the prodding of the MEC and other business groups, lawmakers crafted HB799 to counter the effects of […] [...]

Panther Creek’s location in medical industry zone boosts bio-med prospects

by Published: April 17,2014

Tags: Business, economic development, Madison County, Mississippi

Canton’s Panther Creek Commerce Center has an attraction no other Mississippi mega site can offer — inclusion in a state Health Care Industry Zone. The nearly 2,000-acre tract off Nissan Drive falls within the required five-mile radius of Madison River Oaks Medical Center in Canton. This qualifies prospective medical-related tenants of the megasite for such […] [...]

Panther Creek megasite — Putting a value proposition out there

by Published: April 17,2014

Tags: Business, economic development, Mississippi

Megasites can bring mega worries to the CEOs and directors of companies looking to put a major manufacturing plant or other high-cost facility on one. Once those worries grow to a certain point or linger for too long, the decision makers put the megasite in a folder designated for “uncertain propositions.” A Purgatory like that […] [...]

Tallahatchie General’s listing on auditor’s ‘watchline’ an image set back, CEO says

by Published: April 17,2014

Tags: Business, education, finance, healthcare, Mississippi

It takes time and money to turn around a publicly owned rural hospital’s image once it is seen as troubled and cash-strapped. That’s why the chief administrator of Tallahatchie General Hospital says he fears his work to convince Charleston and the surrounding communities to think differently about Tallahatchie General sustained an unnecessary set back in […] [...]

U.S. credit union assets grow to over $1 trillion but fewer CUs surviving

by Published: April 14,2014

Tags: banking, Business, credit union, finance, Mississippi

Credit union numbers have declined steadily in Mississippi and across the country in the last 25 years. But money is flowing into the surviving ones at increasing amounts. From 2006 to 2010, the number of federally insured credit unions nationally went from 8,362 to 7,339. At the same time, assets ballooned from $710 billion to […] [...]

Keesler Credit Union gaining stake in Jackson with MDOT CU acquisition

by Published: April 14,2014

Tags: banking, Business, finance, Gulf Coast, Keesler, Mississippi

Keesler Federal Credit Union, a $2.1 billion Biloxi-based member institution, has set the stage for entry into the metro Jackson market with acquisition of the $4.8 million Mississippi Department of Transportation Federal Credit Union. The deal closed March 31. Convergence of the operations is to be completed by June 30. Both non-profit entities were among […] [...]

Jackson-Evers delaying security and concourse upgrades after bond rating drop

Fitch Rating Service’s downgrading of $39.4 million of Jackson Municipal Airport Authority revenue bonds will force a year-long delay of security checkpoint upgrades and improvements to the terminal building of Jackson-Medgar Wiley Evers International Airport. The drop to BBB+ from A- came largely from Southwest Airlines’ decision to stop nearly two decades of service on […] [...]

Assessment of rural hospitals warns of fiscal trials and tribulations ahead

by Published: April 14,2014

Tags: Business, education, healthcare, Mississippi

Many of Mississippi’s rural public hospitals owe their existence to the Hill-Burton Act, a post-World War 11 initiative that provided grants and loans to build the hospitals. Today, their futures are increasingly tied to the resourcefulness of public officials and medical managers. Can they adjust to changes in delivery of services, reimbursements for services and […] [...]

State to end sales tax on interest paid on store-financed merchandise

by Published: April 7,2014

Tags: Business, government, Mississippi, Politics, taxes

Toting the note just got easier for Mississippi car dealers and other merchants who finance their customers’ purchases. Gov. Phil Bryant’s signing of House Bill 260 Tuesday puts a July 1 end to sales taxes on interest and other finance charges at buy-here-pay-here retail locations, including auto dealerships and furniture and appliance stores that arrange […] [...]

MDA’s Entrepreneur Center in new first floor space in Woolfolk

by Published: April 7,2014

Tags: Business, government, Mississippi, money, Politics

The Mississippi Development Authority’s Entrepreneur Center has relocated to the Woolfolk Building’s first-floor in a move designed to make the Center and its resources more accessible to people who want to get a business off the ground. » READ MORE: Entrepreneur Center: Helping you find your corner of commerce Project managers will work from cubicles just […] [...]

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