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State’s key economic indicators show slight strengthening

The performance of Mississippi’s economy in 2015 may hinge on growth in building permits, retail trade and consumer confidence offsetting a slowdown in U.S. manufacturing attributed to a stronger dollar, lower oil prices and bad weather. So say Mississippi state economists in the March issue of Mississippi’s Business, a monthly report on the state’s economy […] [...]

Office occupancy edged up throughout Metro Jackson

Vacancies in Metro Jackson’s office market dropped by 1.9 percent last year as the Central Business District and other sub-markets achieved a net absorption of 129,612 square feet of previously vacant space, the CB Richard Ellis Jackson office reports. The increased leasing brought the market-wide vacancy rate to 21.4 percent, according to the CBRE Office […] [...]

Supermarket incentives for distressed communities die in House

Tax credits have helped to bring grocery markets back to New Orleans after Katrina, including Circle Food Store on Bernard Not this year. Mississippi House members let a bill die last week that would have created incentives for supermarkets to open in under-served areas. The legislation, Senate Bill 2840, was seen as a way to […] [...]

Addressing the food market challenge … Bill offers incentives for grocers in underserved areas

By TED CARTER A bill that has passed the Mississippi Senate and awaiting a floor vote in the House gives grocers tax credits and other incentives for opening stores in a vast swath of Mississippi underserved by food retailers. Senate Bill 2840 sponsor Sen. David Blount said his legislation grew out of concern among legislators […] [...]

Education group cheers as Dems sink tax cut bill; backers say families, businesses hurt

A $555 million tax cut for Mississippi appears down for the count after Democrats decided Wednesday competing financial needs outweighed the benefits of reducing  income taxes for some brackets and cutting business and franchise taxes. The cut would have been the largest in state history, according to Lt. Gov. Tate Reeves, who had called it a timely “pay raise” for […] [...]

Mississippi Coliseum’s deterioration may cost it MHSAA hoops championship

With the “Big House” in Jackson all but crumbling down, the Mississippi High School Activities Association is considering moving the state basketball championship tournament to Tupelo, Mississippi Coliseum officials say. The 11-day tournament that wrapped up over the weekend drew thousands of fans to the 53-year Mississippi Coliseum. But it also drew the frustration of […] [...]

$50 million workforce training bill looks strong in homestretch

By TED CARTER Among the survivors of the bill-thinning that occurs at this stage of Mississippi’s legislative session is legislation to set up a $50 million workforce training program that can respond timely to worker training needs of companies looking to come to Mississippi or expand here. Senate Bill 2457, along with the House version […] [...]

TED CARTER — Hammer comes down on those predatory robocallers (kind of)

Here’s something for the “Don’t-Spend-it-All –in-One-Place” file. The Mississippi PSC’s Brandon Presley says the robo offenders have promised to quit annoying Mississippians. The unscrupulous folks behind those annoying robocalls you’ve been getting have agreed to settle with the State of Mississippi for about the price of a compact automobile. The offenders, including serial annoyer Caribbean […] [...]

House bill for $50 million Coliseum redo, new Trade Mart heads for Senate

By TED CARTER A bill to spend $51 million to give the Mississippi Coliseum a makeover and tear down and rebuild the neighboring Trade Mart is halfway home, having passed the House overwhelmingly. Rep. Jeff Smith’s House Bill 39 proposing the general obligation bond must get through the Senate’s Ways and Means Committee chaired by Joey […] [...]

Fed’s Beige Book shows sustained rise in economic activity

by Published: March 12,2015

Tags: beige book, Business, Mississippi, NEWS

By TED CARTER Reports from the 12 Federal Reserve Districts indicate that economic activity continued to expand across most regions and sectors from early January through mid-February. Central and South Mississippi are part of the Fed’s Atlanta District while North Mississippi is in the St. Louis District. The Beige Book, last published in mid January, details […] [...]

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