by Wally Northway Published: March 13,2011
Tags: Chandler Russ, David Rumbarge, Gray Swoope, Greg Barke, Jay Moon, Jimmy Heidel, Joey Roberts, Leland Speed, MBJ FEATURE, Michael Olivier, Mickey Milligan, Mississippi Development Authority, Robert Ingram, Whit Hughes
Speculation is rampant. Who is going to replace Gray Swoope as executive director of the Mississippi Development Authority (MDA) on an interim basis, and who might the next governor chose as a permanent replacement? The Mississippi Business Journal recently conducted an informal survey of approximately a half-dozen Mississippi economic developers, and asked them who they [...] [...]
Late last month, it was announced that two companies were leaving a large facility in Jackson. But the facility’s leadership is thrilled that these tenants are vacating the premises, so much so that they held a celebration to commemorate the event. On February 25, approximately 50 people gathered for the “graduation” of Navagis, LLC, and [...] [...]
Since 2006, Rentech has promised to be the Nissan of the Natchez area, providing more than 2,000 jobs, if only they can get it started. Rentech is actually the name of a California-based company that plans to build a clean fuel manufacturing plant in Mississippi. The facility would gasify coal and petroleum coke to produce [...] [...]
Mississippi has long had the distinction as a state with one of the highest delinquent mortgage rates in the country. January was no exception. The state’s 5.93 percent 30-day delinquent rate topped all over states, including the troubled mortgage market states of Florida, Nevada and California, the Mortgage Bankers Association reported last week. Yet Mississippi [...] [...]
Like most other timelines with the Roth Hill casino project in Natchez, the latest one has been pushed back. Led by Kentucky-based Premier Gaming Group, developers of the $45-million land-based casino planned for five acres on the banks of the Mississippi River hoped to forge an extension to the lease option agreement that has been [...] [...]
Firms starting to take advantage of Section 179D Design firms have been offered an attractive federal tax benefit for “green” upgrades to publicly owned properties for more than a half-decade now, but relatively few entities in Mississippi and across the country have taken advantage of Section 179D of the IRS Code. One of the primary [...] [...]
Legislation giving developers cash refunds for historic restoration projects of at least $1 million cleared the Mississippi Senate last week. Though the legislation calls for cash outlays by the state, supporters of the bill say the state ultimately will save money. By giving the cash refunds in back-to-back years, the state pays the holder of [...] [...]
This month the Mississippi Public Service Commission unanimously ruled from the bench that utilities can no longer use their customers’ money to donate to charities. “They can, however, allow customers to donate money on a voluntary basis through a check box on their bills. No longer will they be able to raise power or gas [...] [...]
Cadence National Bank has begun a new life as a privately owned institution flush with an additional $100 million in capital and freedom from a $44-million Troubled Asset Relief Program, or TARP, debt. “We’re going to do some things. It’s fun having money,” said Mark Abernathy, who took over as CEO for Lewis Mallory Jr. [...] [...]
The Mortgage Bankers Association last month gave the most encouraging assessment in several years on delinquent mortgages, reporting a 30-day tardy rate not seen nationally since the end of 2007, a period that marked the start of the current recession. The delinquency rate for mortgage loans on one-to-four unit residential properties decreased to a seasonally [...] [...]
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