Archive for the ‘BANKING & FINANCE – Market Sector’ Category

AG opinions, legal precedent pose hurdles for deal to fund Jackson’s Westin Hotel

Chancery Court hearing challenging to Hinds County, JRA co-signing for hotel bonds   By TED CARTER A pledge of tax money as collateral for $30 million in bonds for a Westin Hotel in downtown Jackson has put the Hinds County Board of Supervisors and the Jackson Redevelopment Authority at odds with a state Supreme Court […] [...]

FIXING GREENVILLE — Fixing storefronts, painting murals part of revitalization

GREENVILLE — Visitors and locals alike have noticed Greenville’s resurgent downtown. Facades are being replaced; tenants are occupying buildings; and festivals are being born in the heart of the city. Greenville’s downtown looks alive, and it’s in part because of Main Street Greenville. The organization has worked to create a sense of excitement when it […] [...]

COMMERCIAL FINANCE 701: Negotiating commercial loans — Is there an app for that?

» EDITOR’S NOTE: Commercial Finance 701 is a continuing series on commercial loans written exclusively for the Mississippi Business Journal.  This series is geared to lenders, developers, investors and transactional attorneys.   This new digital world has re-wired us for instant gratification. We have no patience.  We want an “app” for everything.  Unfortunately, negotiating a […] [...]

Banking association ‘hit a home run’ with women’s conference

By LISA MONTI About 150 women attended the 2015 Women in Banking Conference March 24 in Jackson. The third annual conference provided women bankers with information on how to be successful in the financial industry and also was an opportunity for them to network with their peers and talk about career challenges and solutions. “The MBA […] [...]

Edward French takes the helm at MSU’s Stennis Institute of Government

By TED CARTER The new executive director of the Stennis Institute of Government & Community Development brings to the post a vast store of knowledge about public administration and how to effectively run local governments. But Dr. Edward P. “Eddie” French can also tell you the best places to stop for a quick bite to […] [...]

IKE TROTTER: Protect yourself from identity theft

Whether they’re snatching your purse, diving into your dumpster, stealing your mail, or hacking into your computer, there are bad people out there. Who are they? Identity thieves. Identity thieves can empty your bank account, max out your credit cards, open accounts in your name, and purchase furniture, cars, and even homes on the basis […] [...]

Chancery judge delays JRA bond approval for Jackson’s Westin hotel

Challenger insists Mississippi Constitution forbids using tax dollars as collateral for private projects By TED CARTER Hinds County Chancery Court Judge William Singletary last week declined to approve bonds backed by Jackson taxpayers for construction of a downtown Westin Hotel. The Mississippi Supreme Court could be the final decider on the issue if and when it […] [...]

IRS plan to require tax forms for wins of $600

BILOXI — Casino operators in South Mississippi are coming out against an IRS proposal that would require players to file tax forms any time they win $600 or more on slot machines, keno or bingo. The threshold currently is $1,200. Hit that amount or higher and the slot machine freezes and stays locked until the […] [...]

Lawmakers move on bonds despite complaints from colleges and universities

by Published: March 30,2015

Tags: bonds, Business, Mississippi, NEWS, Politics

JACKSON — Mississippi lawmakers are likely to agree to borrow a total of $450 million, including nearly $25 million to build an aquarium in Gulfport. House members voted 73-44 to support Senate Bill 2906, which contains $250 million in borrowing, while members are considering another $200 million linked to a bill financed by casino taxes. […] [...]

WE’RE IN THE TOP 5 — Mississippi a leader as more women are becoming business owners

By LYNN LOFTON  Women-owned businesses are flourishing in Mississippi and the facts prove it. These businesses increased by 81 percent between 1997 and 2014, according to a study conducted by American Express OPEN, earning the state a spot among the top five states in the country. This growing percentage is part of an ongoing American […] [...]

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