Business Blog

Downtown Jackson would see hundreds of new workers and a whittling of its office space vacancies through proposals from Senate Public Property Committee Chairman David Blount to consolidate more state agencies into space available in the Jackson Capitol Complex. In support of a pair of bills he has introduced, Blount produced an analysis from Millsaps [...]

Tupelo’s BancorpSouth closed the final quarter of 2012 with net income of $17 million and earnings of 18 cents s share, a two-penny increase over the same quarter a year ago. BancorpSouth attributed its 4th quarter showing to stronger mortgage lending and improved asset management, particularly in the disposal of Real Estate Owned properties. However, [...]

Paper products manufacturer von Drehle Corp. is taking over the former Mississippi River Pulp plant in Natchez and will begin operations there with a workforce of at least 100 people. Hickory, N.C.-based von Drehle provides paper products to commercial and industrial consumers nationwide. The company says it will make investments in additional converting equipment and [...]

The Audubon Nature Institute and San Diego Zoo Global were expected to announce Tuesday the development of a breeding program for rare and endangered species on 1,000 acres south of this city, bringing herds of antelope, okapi and Masai giraffe to graze on the banks of the Mississippi River, the New York Times reports. The [...]

Office properties in Clinton, Ridgeland and downtown Jackson have made the short list among candidates to become the new home of the Mississippi Department of Finance. The two leading candidates going into the whittling of the candidate list Tuesday were Jackson’s Landmark Center and South Point Business Park in Clinton. Ergon Properties’s Diversified Technologies complex [...]

Tuesday is short list day in the competition among metro Jackson office properties to become the new home of the Mississippi Department of Finance. Meeting the early deadline for submitting Requests for Proposals for a long-term lease deal with the state were downtown Jackson’s Landmark Center and South Point Business Park in Clinton, both considered [...]

You’ve probably always wanted wanted to own your own prison. Here’s your chance. AmeriBid LLC is handling a bank ordered auction of a medium security prison facility located in Airpark Industrial Park in Bethany, Mo. The auction will take place via sealed bid format on Jan. 30. “This is a great opportunity to own a [...]

Developers of the Hemingway Resort and Casino say the bell has tolled to signal the start of construction for the $120 million gambling palace adjacent to Jones Park and the Gulfport Small Craft Harbor. A spokesman says construction plans are far enough along, the company will likely start pushing dirt in December, reports TV station [...]

Foreclosure rates in Jackson decreased for the month of September over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Jackson area foreclosures among outstanding mortgage loans was 2.04 percent for the month of September 2012, a decrease of 0.26 percentage points compared to [...]

In a move that takes immediate pressure off of community banks in Mississippi and elsewhere in the nation, federal bank regulators say they do not expect to enact new capital requirements on Jan. 1 based on the Basel III International Accords. In a statement Friday, the Office of the Comptroller of the Currency said the [...]