Posts Tagged ‘economy’

Bryant unveils budget proposal Wednesday

by Published: November 13,2013

Tags: budget, Business, economy, Mississippi, Phil Bryant

JACKSON, Mississippi — Mississippi Gov. Phil Bryant is proposing a state budget that would put more money into education and public safety. It also seeks to reduce the state’s use of one-time money to pay for recurring expenses. Bryant recommends spending $6.1 billion. Bryant unveiled his spending plan Wednesday for fiscal 2015, which begins July […] [...]

FNC report: U.S. home prices still on the rise

OXFORD — The latest FNC Inc. Residential Price Index (RPI) shows continued growth of home prices in August as the U.S. housing recovery remains well underway. The index moved 0.6 percent higher from the previous the month, making August the 18th consecutive month of rising home prices. According to the FNC RPI, August home prices […] [...]

City looking to hire consultant to recruit retailers

HORN LAKE — The city of Horn Lake is proceeding with plans to hire a consultant to help the city attract retail development. Mayor Allen Latimer and aldermen agree outside help is needed to bolster the city’s efforts to compete with neighboring Southaven and Olive Branch, as well as other Memphis area communities battling for […] [...]

While some businesses shrink Neel-Shaffer finds way to grow

by Published: August 30,2013

Tags: economy, engineering, Joey Hudnall, Neel-Schaffer

The regional planning and engineering powerhouse Neel-Schaffer Inc., is headed by a chief operating officer who has accomplished a lot at an early age. Joey Hudnall, 44, a native of Columbus, graduated from Mississippi State University in 1990 with a B.S. in civil engineering. He went to work for his father’s Columbus firm, Charles Hudnall […] [...]

Mayor issues hiring freeze as city faces budget deficit

CLINTON — Clinton’s mayor has ordered a hiring freeze and a hold on all major expenditures except for emergencies as the city tries to whittle down a predicted $259,000 budget deficit. The Clarion-Ledger reports Clinton officials recently learned of the looming deficit, which could grow or shrink depending on incoming revenues to the city between […] [...]

City enacts one-year hiring freeze; faces a $1.1M deficit

VICKSBURG — The city of Vicksburg has implemented a 12-month hiring freeze. The Vicksburg Post reports that the city is faced with a projected $1.1 million deficit when the new fiscal year begins Oct. 1. The Board of Mayor and Aldermen said the action is an attempt to prevent dipping into the city’s cash reserves. […] [...]

Confidence up among Coast CEOs, business owners

MISSISSIPPI GULF COAST — The Gulf Coast Business Council Research Foundation has released its quarterly CEO and Business Owners Confidence report for the second quarter of 2013, and the numbers are encouraging. “Our CEO’s and business owners have not expressed this level of confidence in the local economy since the first quarter of 2011,” said […] [...]

Stocks rally after Fed allays stimulus fears

NEW YORK — Stocks broke through record highs in early trading Thursday after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Bernanke said the U.S. economy still needed help because unemployment remains high and inflation is below the Fed’s target. The Fed is currently buying $85 […] [...]

City officials facing nearly $3M deficit; must cut expenses

GULFPORT — Gulfport officials must cut expenses for the coming year to avoid a potential budget deficit of $2.8 million. A majority of council members said during the first work session on the budget yesterday the economy is too bad to subject residents to a tax increase. Revenue is stagnant, and federal grant funding for […] [...]

BEA: State’s economy grew by 2.4 percent in 2012

by Published: June 6,2013

Tags: economic, economy, growth, wealth creation

ACROSS MISSISSIPPI — New figures show that Mississippi’s economy grew by 2.4 percent in 2012. Gross domestic product numbers released Thursday by the federal Bureau of Economic Analysis try to measure all of the economic output of each state. Mississippi’s 2012 growth rate was close to the national average of 2.5 percent, and ranked 17th […] [...]

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