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

Leflore supervisors approve private prison deal

by Published: February 25,2015

Tags: Business, economic development, Greenwood, Mississippi, NEWS

GREENWOOD — Leflore County is agreeing to sell additional land outside the current Delta Correctional Facility’s fences to help a private prison operator in its pursuit of a contract to house federal inmates there. Utahbased Management and Training Corp. is bidding on Federal Bureau of Prisons contract. It would need to expand the currently shuttered […] [...]

Madison County tax assessor not running again

by Published: February 24,2015

Tags: Business, Gerald Barber, Madison, Mississippi, NEWS

CANTON — Madison County Tax Assessor Gerald Barber says he will not seek a fifth term. Barber has served as tax assessor for 28 years. His term ends in January. Barber made the announcement Friday in a news release. Barber says he’s met the goals and objectives he set out to accomplish. Barber says when […] [...]

Gunn to seek phaseout of personal income tax

JACKSON — In a game of escalating tax-cut proposals, House Speaker Philip Gunn, R-Clinton, will propose the biggest so far: a $1.7 billion phaseout of Mississippi’s state personal income tax over more than a decade, a top legislator said late Monday. » RELATED — Gunn backs $1.38B plan to phase out personal income tax House Ways […] [...]

Hosemann runs for 3rd term as Mississippi secretary of state

JACKSON — Republican Delbert Hosemann of Jackson says he’s running for a third term as Mississippi secretary of state. The 67-year-old Hosemann filed qualifying papers Monday at the state Republican Party headquarters. He’s the first person to enter the race for secretary of state. Candidates’ qualifying deadline is Friday, and it’s not clear whether Democrats […] [...]

Southaven plans to become regional shopping destination

by Published: February 23,2015

Tags: Business, Memphis, Mississippi, NEWS, shopping, Southaven

SOUTHAVEN — Local officials are expecting the outlet mall under construction by Tanger and Poag Shopping Centers to make Southaven a regional business destination. “We are 250 miles from six states and we will probably draw from all of them. This isn’t your local mall,” Carmen Kyle, executive director of the Southaven Chamber of Commerce, […] [...]

Hood wants some of $46 million of suit settlements earmarked for mentally ill

by Published: February 21,2015

Tags: Business, Jim Hood, Legal Affairs, Mississippi, NEWS, Politics

Call it a sharing of the spoils of war at an opportune time.. Just as he qualifies for a reelection bid, Mississippi Attorney General Jim Hood is handing over around $46 million to Gov. Phil Bryant and the Legislature from legal settlements obtained from the likes of Standard & Poor’s, Merck & Co., HSBC Bank […] [...]

McCaskill, McDowell, Moore promoted at Community Bank

by Published: February 20,2015

Tags: Alan McCaskill, Andrew McDowell, Community Bank, Jennifer Moore

Alan McCaskill, Andrew McDowell and Jennifer Moore have been promoted at Community Bank. McCaskill becomes senior vice president for Community Bank, North Mississippi.  McCaskill joined the bank in 2006 and specializes in consumer and commercial lending. He  is a 1991 graduate of Delta State University with a Bachelors of Business Administration in Business Management.  He […] [...]

MARK BLACKWELL — Diversification is challenging for business owners

Savvy investors don’t put their entire portfolio in a single stock, yet owners of privately held businesses often keep the bulk of their wealth in one enterprise – their own.  This concentration means that business owners face a myriad of financial risks that others don’t have to worry about. For one, if anything hurts the […] [...]

BEN WILLIAMS and MOLLY MOODY — Never trust a trust

Coming to his own defense, the unrepentant Mississippi Governor Ross Barnett once retorted:  “If you can’t trust a trusty, who can you trust?”  The “trusty” in Governor Barnett’s story involved a prisoner on unauthorized extended leave.  This column pertains to the considerably less exciting legal practice where one person (the Grantor) transfers legal title of […] [...]

Mississippi lawmakers working on early version of budget

by Published: February 18,2015

Tags: budget, Business, finance, Mississippi, NEWS, Politics

JACKSON — Mississippi legislators are working on early proposals to fund state government during the year that begins July 1. The House passed several budget bills Wednesday, including one that would add about $106 million to schools. The proposed education budget includes about $40 million to give pay raises to teachers. It would put tens […] [...]

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