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New HUD rules delay some foreclosures for a year

April 24, 2015

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WASHINGTON – The U.S. Department of Housing and Urban Development has made significant changes to its Distressed Asset Stabilization Program (DASP) that will require loan servicers to take additional steps before initiating residential mortgage foreclosures. HUD said that in an effort to better serve homeowners looking to avoid foreclosure, loan servicers will now be required […]

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UPDATED: Bryant vetoes Common Core study panel bill, 3 other measures

April 23, 2015

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Gov. Phil Bryant late Thursday afternoon ended any suspense over whether his signature would go on a Common Core bill supporters said was designed to kill use of the education standards in Mississippi. Bryant disagreed, and Thursday put his veto on Senate Bill 2161, saying the measure did not kill Common Core but merely created […]

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S.C., Georgia reported atop Volvo’s list for new car plant

April 20, 2015

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An article in The Atlanta Journal-Constitution Monday said  Volvo Cars is down to South Carolina and another unnamed state for its planned $500 million factory. Reuters reported the short list Friday, citing unnamed individuals. The second state, people with knowledge of the situation have told The Atlanta Journal-Constitution, is Georgia. The two states, they have […]

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Mississippi economic index shows first rise since fall

April 17, 2015

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Components of the Mississippi Leading Index, or MLI, collectively rose 0.6 percent in February, the first increase since October, state economists report. The value of the index increased 3.9 percent from the previous February, according to the April issue of Mississippi’s Business, an economic monitoring newsletter published by the University Research Center, an arm of […]

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Jackson issues RFP in 3rd try for convention center hotel developer

April 13, 2015

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The Jackson Redevelopment Authority is taking a third swing at getting a convention center hotel built. With the backing of Jackson’s elected officials, the JRA late last month issued a Request for Proposals for a hotel of at least 300 rooms on Pascagoula Street across from the Jackson Convention Complex, an approximately 300,000 square-foot conventions and […]

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Feds to set new off-shore drilling rule, 5 years after BP oil spill

April 11, 2015

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The New York Times reports the Obama administration is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP oil spill in the Gulf of Mexico, administration officials said Friday. The announcement of the Interior Department regulation, which could […]

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Christensen talks with the media in North Carolina

April 8, 2015

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Brent

In an interview prior to the announcement of the Brent Christensen leaving the Mississippi Development Authority, the new head of the Greensboro (N.C.) Partnership sat down with the Triad Business Journal. Here is the intro to that story with a link to the entire story … Brent Christensen, current executive director of the Mississippi Development […]

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Jackson qualifies two more areas for C Spire’s Home Internet technology initiative

March 31, 2015

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JACKSON – Homeowner pre-registration exceeded the required threshold in two more areas of Mississippi’s largest city this week – helping Jackson expand eligibility for C Spire’s 1 Gbps (Gigabit per second) Fiber to the Home Internet service and related SuperTM HD TV and home phone services. Jackson’s Highlands East-Meadowbrook Highlands-Fontaine and Country Club fiberhoods reached their […]

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Terry mayor arrested following indictment for embezzlement

March 30, 2015

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The Mayor of the City of Terry has been arrested today on charges he embezzled from the City, announced State Auditor Stacey Pickering and Attorney General Jim Hood jointly today. Roderick Nicholson was arrested today by special agents from the Auditor’s Office and investigators with the Attorney General’s Public Integrity Division following indictment by a […]

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Mississippians have $9M in unclaimed 2011 tax refunds

March 27, 2015

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JACKSON — More than 11,000 Mississippians have more than $9 million in federal tax refunds awaiting them for the 2011 tax year. However, the one catch is that the individuals must file a tax return for the 2011 year by April 15 of this year, says IRS spokesman Mark Green of Atlanta. The IRS estimates […]

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