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Enerkem’s biofuel plant in Pontotoc still on drawing board

February 25, 2014

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The Enerkem plant in Edmonton, Alberta, Canada, was commissioned in December. (Courtesy photo)

The Enerkem plant in Edmonton, Alberta, Canada, was commissioned in December. (Courtesy photo) By Dennis Seid Daily Journal PONTOTOC – Five years have passed, and a planned $100 million ethanol plant is no closer to being built. Little has changed from a year ago, when company officials said they were committed to the project and […]

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Stennis project to produce “roadmap” for STEM jobs

February 21, 2014

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With high-tech science and technology jobs expected to grow at a faster pace nationwide than other occupations, South Mississippi is embarking on a key project that should help ensure it can satisfy the growing need. In it’s 20th year of operation, the Mississippi Enterprise for Technology (MSET) is conducting a unique project that will result […]

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Equifax asks U.S. Supreme Court to review DOR tax method ruling

February 21, 2014

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Calling the Mississippi appeals process a virtual local lock for the state’s Department of Revenue, Equifax Credit Information Services has asked the U.S. Supreme Court to review last summer’s Mississippi Supreme Court decision upholding the method DOR used in taxing Equifax. In a Feb. 19 petition for certiorari, Equifax argues that the Mississippi tax appeals […]

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UPDATED: State’s Chamber disputes DOR’s costs estimate on business tax bills

February 19, 2014

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A price tag of $7.5 million this year and $25 million next year accompany a pair of pro-business tax apportionment bills that have cleared Mississippi’s House and Senate with overwhelming support. The Republican-sponsored measures, HB 799 and SB 2487, force the Department of Revenue’s to justify basing a multistate company’s taxes on revenue generated in […]

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Bill’s demise ends state pot sweeteners for retail development

February 14, 2014

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Mississippi’s tourism tax development incentives failed to gain enough legislative support for renewal this week and will expire July 1, ending the state’s practice of awarding tens of millions of dollars as incentives for development of shopping malls and retail plazas. The Mississippi Development Authority so far has awarded up to $155 million in potential […]

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Post Office mulls financial services to unbanked and under-banked

January 30, 2014

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The United States Postal Service may expand its financial services beyond money orders and remittances, the Credit Union Times reported Thursday. “More than a quarter of Americans live partially or completely without access to mainstream financial services and are often forced to rely on costly services like payday loans or check cashing to cover their […]

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Cold winter has been hard on Southern crawfish farmers

January 30, 2014

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People planning Super Bowl crawfish boils may be out of luck. Farmers say cold has kept crawfish scarce all winter, and now many ponds are iced over. The prolonged cold also means crawfish aren’t eating and are likely to be smaller than normal at the peak of crawfish season, said farmer David Savoy of Church […]

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61.9% of Mississippi households on the brink of financial devastation, report says

January 30, 2014

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JACKSON, Mississippi — Despite an improving national economy, 61.9 percent of Mississippians are in a persistent state of financial insecurity, according to a report released today by the Corporation for Enterprise Development. The number of households who have little or no savings to cover emergencies or to start building a better life has increased from […]

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Owens passes IHL gavel to Patterson

January 23, 2014

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Former banker Aubrey Patterson is now the president of the Board of Trustees of State Institutions of Higher Learning. Bob Owens passed the gavel to Patterson at a recent board meeting held in Jackson. Patterson will officially take office on Feb. 1. “I look forward to continuing to work toward our goal of increasing educational […]

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BancorpSouth buying Texas community bank in $209.5 million deal

January 22, 2014

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bancorpsouth

By Dennis Seid Daily Journal BancorpSouth is moving deeper into Texas, acquiring Central Community Corp., parent of First State Bank Central Texas. First State Bank has 31 branches and is the largest independent bank headquartered in Austin, Texas. The move will boost BancorpSouth’s market share from No. 65 in the state to No. 29. With […]

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