Home » MBJ FEATURE (page 567)

MBJ FEATURE

Self-employment assistance bill dies at deadline

A bill that had significant support from some of the state’s most influential business groups was among the casualties of last week’s committee deadline. Senate Bill 2770 would have made those who are unemployed and who are in the process of starting a small business eligible to continue receiving unemployment benefits. It died in the House Labor Committee after clearing ...

Read More »

Dirt still yet to turn on D’Iberville casino resort

The developers of a $450-million mixed-use gaming village on D’Iberville’s waterfront, as of last week’s deadline, had not gotten on to the agenda for the Mississippi Gaming Commission’s March 24 meeting, after not appearing at the February meeting. George Toth, president and CEO of CanCan Development, told the Mississippi Business Journal late last year that he hoped to appear before ...

Read More »

Natchez casino project hits another snag

In Feb. 2008, developers of a Natchez casino on that city’s famed Roth Hill appeared before the Mississippi Gaming Commission and got site approval for the project. Natchez aldermen don’t believe enough has happened since then, so in their Feb. 22 meeting, they voted 5-1 to notify Premier Gaming Group, a Kentucky-based company spearheading the development for Natchez Enterprises and ...

Read More »

Cadence poised for new start as private, five-state bank

Cadence National Bank was to shed its public company status Friday to become the private property of Community Bancorp LLC in an acquisition that rescued the Starkville regional bank from a federal order to significantly increase its capital levels. With the acquisition, Cadence gets a $100-million capital injection that frees it from a consent order the Office of the Comptroller ...

Read More »

State: Moody’s calculations wrong

Managers of Mississippi’s defined public employee pension plan say Moody’s made too broad a calculation in setting the plan’s unfunded liabilities and are want the ratings agency to refigure the assets-to-obligations ratio. Moody’s, which includes pension obligations in its overall rating of a state’s credit worthiness, awarded Mississippi an “Aa” rating last October with an outlook of “stable.” The “Aa” ...

Read More »

Regions Plaza, 200 Renaissance key factors in Jackson’s occupancy deficit

Two major challenges stand in the way of bringing a balance to metro Jackson’s office market: 200 Renaissance and Regions Plaza. Filling up a greater portion of the vast empty spaces in each would stabilize rates market-wide and restore an equilibrium not seen for several years, says John Barton, senior vice president and senior asset manager for Parkway Properties in ...

Read More »

Bond ratings could take hit

Mississippi often ends up high on the list of states with pension fund obligations out of balance with the money coming in to meet the obligations. Is the state’s latest delay in funding an increased share about to accelerate an imbalance that hovers in the $10-billion range? Not according to Pat Robertson, director of the Public Retirement System. Double-digit investment ...

Read More »

Farmers storm the Capitol

Hundreds of farmers from across the state were recently in Jackson to remind any and all lawmakers that agriculture remains Mississippi’s top industry. On March 3, the Mississippi Farm Bureau Federation hosted the 2nd Annual Ag Day at the State Capitol. The event featured exhibits and food as well as a chance for the agriculture community to get up close ...

Read More »

Putting food on the table

An organization in Mississippi has launched an advertising campaign that touts product quality and safe food while promoting Mississippi’s agriculture community and its impact on the state. This marks the second year that Farm Families of Mississippi has rolled out a grassroots promotional campaign, and the organization has its eyes set on even bigger horizons in the future. On Feb. ...

Read More »

Plenty of timber, but no deal yet for KiOR

When Houston, Texas-based KiOR announced late last summer that it planned to build at least biomass-to-crude oil facilities in Mississippi, CEO Fred Cannon said the company was “in final negotiations” with a refinery to purchase and refine the product produced here. A KiOR spokesman said in an email to the Mississippi Business Journal last week that the company hopes to ...

Read More »