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United Furniture to create 300 jobs in Verona

January 26, 2015

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By Jack Weatherly United Furniture Industries announced Monday it will start manufacturing operations in the former Lane Furniture facility in Verona. The project represents a $2.75 million corporate investment and will create 300 jobs, bringing the company’s total employment in the state to approximately 2,000. United Furniture has operations in Amory, Hatley, Nettleton, Okolona and […]

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Pew issues a report on incentives programs in Miss., 9 other states.

January 23, 2015

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The Pew Charitable Trusts issued on Friday a report about the fact that 10 more states, including Mississipppi, have put into place a system for evaluating the effectiveness of incentives programs for enticing industry to locate in the state. The Mississippi Legislature last year passed legislation and Gov. Phil Bryant signed it into law. Pew, […]

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Auditor seeks repayment of missing money raised by Carthage High students

January 23, 2015

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Investigators in the State Auditor’s Office are demanding a repayment of $52,340 from Gena Quick Scott,  a former office manager of Carthage High School who was caretaker of the money  raised by school groups. Investigators are unsure where the money went. They do know, however, that the cash never made it to the bank the […]

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Furniture maker to make announcement

January 22, 2015

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Gov. Phil Bryant and United Furniture Industries officials will make an announcement at 11 a.m. Monday in Verona, according to news release from the Mississippi Development Authority. United announced in December that it had bought a 475,000-square-foot building formerly owned by Lane Furniture Industries. United said at the time that the facility would be used […]

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Fitch awards solid, stable AA rating to new IHL borrowing

January 15, 2015

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The candidate selected to replace the departing Hank Bounds as Mississippi’s commissioner of higher education will inherit a sound and stable borrower profile for the State Institutions of Higher Learning. In a Jan. 13 ratings report, Fitch Ratings Service maintained the AA rating on a new issuance of revenue bonds the IHL expects to sell […]

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Mississippi projects part of nearly $1 billion public-private conservation partnerships

January 14, 2015

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Mississippi, the 49 other states and Puerto Rico will receive more than $370 million in federal funding for 115 high-impact conservation projects as part of the new Regional Conservation Partnership Program. In turn, these projects will leverage an estimated $400 million in partner contributions to improve the nation’s water quality, support wildlife habitat and enhance the […]

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Fed’s Atlanta district reports employers switching to hiring mode

January 14, 2015

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Reluctance to add workers is waning across the South, the Atlanta Fed reports.

Demand for workers has increased throughout the Atlanta Federal Reserve District in recent weeks, the Federal Reserve reported in the Jan. 14 Beige Book. Published several times a year, the Beige Book provides assessments of economic conditions in the nation’s 12 Fed districts. Beige Book information is gathered from a network of business sources in […]

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FORBES: Mississippi needs a dose of transparency at state department of revenue

January 13, 2015

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A recent article in State Tax Notes details some transparency concerns at the Mississippi Department of Revenue that are (unfortunately) somewhat commonplace. For example, the department does not publish letter rulings, which can be useful in helping taxpayers understand the risk associated with a particular transaction. In general, taxpayers want to go into matters with eyes wide […]

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FHA mortgage holders getting half-percent cut on insurance premiums

January 9, 2015

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An improved housing market has led the Federal Housing Administration (FHA) to reduce the annual mortgage insurance premiums new borrowers will pay by half of a percent. The premium cut is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to purchase their first home […]

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US gains 252K jobs; unemployment rate falls to 5.6 pct.

January 9, 2015

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WASHINGTON — The United States capped its best year for hiring in 15 years with a healthy gain in December, and the unemployment rate hit a six-year low. The numbers support expectations that the United States will strengthen further this year even as overseas economies stumble. The Labor Department said Friday that employers added 252,000 […]

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