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MDA grants KiOR forbearance after biofuels maker defaults on payment

July 3, 2014

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COLUMBUS, Mississippi – In a sign that biofuel maker KiOR Inc.’s money troubles aren’t letting up, the start-up company will make a $250,000 forbearance payment to the Mississippi Development Authority in exchange for 120 days to get current on its nearly $70 million debt to the MDA. KiOR defaulted on a $1.87 million payment that was […]

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UPDATED: Cherokee Brick & Tile to restart Tri-State plant

June 27, 2014

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  Brick and tile manufacturing is set to resume by the end of the year at the dormant Tri-State Brick and Tile plant under new owners who see Jackson as a gateway to reaching an additional 30 percent of  the U.S. market. Cherokee Brick & Tile, a Macon, Ga., family-owned maker of brick and tile […]

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Fixing leaks and turning back old age: Capitol getting specialized face lift

June 20, 2014

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JACKSON, Mississippi – The Mississippi State Capitol building here is getting its first restoration and repair in 30 years, the state Department of Finance & Administration said in announcing the start of the 2-year, $6.9 million project. Work crews are installing massive construction scaffolding that will envelop different parts of the 110- year-old structure over […]

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C Spire draws new Ridgeland ‘fiberhood’ maps for 1 Gbps Fiber to Home service

May 23, 2014

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RIDGELAND, Mississippi  – C Spire says more areas in Ridgeland are poised to qualify for the company’s 100 times faster consumer broadband Internet service now that new “fiberhood” maps have been published on C Spire’s company’s fiber to the home website. The new maps, which debuted Friday, reduce the size of several fiberhoods and the […]

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Survey: Losses from late April storms could reach $1B

May 8, 2014

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Electrical-Storm

According to a report from a global reinsurance firm, the late April storm system that caused widespread damage and fatalities in Mississippi and 19 other states could be the world’s first billion-dollar storm of 2014. Impact Forecasting, the catastrophe model development center at Chicago-based Aon Benfield, has released the latest edition of its monthly Global […]

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Sanderson Plumbing Products to begin sizable layoffs next week

April 24, 2014

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COLUMBUS, Mississippi — Three-quarters of the 230-person workforce at bankrupt toilet seat maker Sanderson Plumbing Products will be out of a job by the middle of next weel unless an investor steps in with money to keep the company running. The layoffs likely would have occurred already but for a federally required 60-day plant closing […]

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Tate Reeves to take part in CCIM panel on ‘State of Commercial Real Estate’

April 14, 2014

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Lt. Gov. Tate Reeves will join a panel of commercial real estate professionals Thursday for a discussion titled “The State of Commercial Real Estate.” The Mississippi Chapter of CCIM forum is from 2 p.m. to 5 p.m. at the Realtor Association building at 4274 Lakeland Drive, Flowood. Brian Estes, 2014 president of the Mississippi CCIM, […]

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Smithville to gain 40 jobs when furniture maker starts up, 40 more later

April 4, 2014

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SMITHVILLE, Mississippi – This tiny Northeast Mississippi community that knows tragedy and misfortune first hand had something to celebrate Friday with the announcement of 80 new jobs over three with the arrival of start-up furniture company Behold Home Inc. The good news comes just as Smithville heads toward the third anniversary of a E5 tornado […]

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Deadline set for offers on Tupelo’s Lane Furniture plant

March 27, 2014

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  June 19 is the deadline that has been set for offers on bankrupt Furniture Brand’s 430,000 square-foot manufacturing/distribution facility and data center in Tupelo. Property disposition specialist Hilco Real Estate is marketing the Tupelo plant along with 16 Furniture Brands properties involved in the Furniture Brands International bankruptcy case. The portfolio of Thomasville and […]

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Watkins’ defense says Hosemann’s claims are ‘absurd’

March 25, 2014

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Delbert Hosemann

David Watkins, the president of Watkins Development, has responded to the finding of the Secretary of State Office’s hearing officer, attorney Robert Bailess of Vicksburg, and the affirmation of that finding by Secretary of State Delbert Hosemann. Speaking through his spokesperson, lawyer Lance Stevens, the Watkins defense team states: “The finding of the hearing officer […]

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