Posts Tagged ‘MBJ FEATURE’

Who should lead the MDA?

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 […] [...]

All grown up

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 […] [...]

Natchez hopes 2011 the year Rentech gets off the ground

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 mismatch: Delinquent mortgages high, foreclosures low

by Ted Carter Published: March 13,2011

Tags: Ed Sivak, Hope Credit Union, MBJ FEATURE, Mortgage Bankers Association

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 […] [...]

Natchez mayor hopeful casino agreement forged this week

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 […] [...]

Designing a tax benefit

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 […] [...]

Cash refunds go to historic preservation projects

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 […] [...]

Charitable contributions law passes

by Amy McCullough Published: March 13,2011

Tags: Brandon Presley, Leonard Bentz, Lynn Posey, MBJ FEATURE, Mississippi Public Service Commission

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 […] [...]

New life, new money for resurgent Cadence

by Ted Carter Published: March 13,2011

Tags: Cadence National Bank, Community Bancorp, Mark Abernathy, MBJ FEATURE, Paul Murphy

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. […] [...]

Mortgage group: Encouraging signs in new delinquency numbers

by Ted Carter Published: March 13,2011

Tags: Jay Brinkman, MBJ FEATURE, Mortgage Bankers Association

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 […] [...]

« Previous Page Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments