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MBJ FEATURE

German pipe maker finally commits to state

Project’s cost will eventually reach $300 million; first phase will require an investment of $80 million and create 200 jobs Gov. Haley Barbour announced last week that Wilh. Schulz GMBH has selected Tunica County as the site for its first manufacturing facility in the U.S. The facility, which carries a price tag of $300 million, is expected to create 500 ...

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Banks fight for title company inside info

Institutions entitled to ‘historical relationship’ between Charles Evans Jr. and MVT In federal bankruptcy court in Jackson Dec. 30, state banks fought with Mississippi Valley Title Insurance Company (MVT) for the release of the title company’s internal audit procedures. Banks want the knowledge of how and when MVT discovered that one of its approved attorneys, Jackson area resident Charles Evans ...

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Cracking down on payday lenders

Legislators could follow lead of Western states by enacting new set of regulations on industry Arizona will join a handful of Western states this year in proposing legislation that enacts a new set of regulations on the title loan and payday loan industry, if not eliminate it all together. In Mississippi, lawmakers will make the most noise over the process ...

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State biodiesel industry in danger (UPDATE)

  Without federal subsidy, most Mississippi plants will have to shut their doors in 2010 Congress failed to renew the $1-per-gallon biodiesel tax credit on Dec. 31, 2009, and biodiesel plants across the country are shutting down. The tax credit has been in effect since 2005. Senate leaders plan to pursue an extension of the credit sometime this spring. Experts ...

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Let the (political) games begin

State lawmakers face stiff challenge in hammering out state budget agreement There will be an 800-pound gorilla lingering in the Capitol when lawmakers convene this week to start the 2010 legislative session, and it will be made of money. The state will have roughly $4.48 billion to dole out to state agencies and departments in fiscal year 2011, whose spending ...

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Farmers' hopes dim

House doesn’t act on disaster relief bill While lawmakers in both houses of Congress managed to hammer out healthcare reform legislation before the Christmas break, some “ailing” Mississippians — the agriculture community — were left wondering if any help was coming their way. Certainly, the current prognosis is bleak. The U.S. House of Representatives left Washington without passing disaster assistance ...

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United Healthcare set to take over CHIP

Approximately 67,000 Mississippi children currently are enrolled in the program The state’s youth healthcare program will have a new insurance provider beginning at midnight on Jan. 1, 2010. Approximately 67,000 Mississippi children currently enrolled in the Children’s Health Insurance Program (CHIP) administered by the state division of Medicaid will transfer to coverage provided by UnitedHealthcare of Mississippi. Blue Cross Blue ...

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Many are sold on need to convert to Roth IRA

  To convert or not to convert – that is the question many investors are asking themselves as 2010 approaches. Beginning Jan. 1, traditional IRA owners will have the opportunity to convert their investment into a Roth IRA, a form of IRA in which the contributions are not dedicated for income tax purposes, but the withdrawals are tax-free. Unless Congress ...

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Create jobs through energy savings

Twenty-five companies from across the state have been awarded federal funding totaling more than $5 million for energy-efficiency projects, all in the name of job creation and retention. It may sound strange, but the premise behind the program is turn off a light, save a job. Earlier this month, the Mississippi Development Authority (MDA) announced the round-one awardees under the ...

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National gas forecast is flat

Mississippi Power Company provides internal forecasts to PSC, but out of public view After an attempt to keep updated natural gas price forecasts out of the upcoming Public Service Commission hearings regarding the proposed Kemper County plant, Mississippi Power Company has filed the data confidentially with the Commission. MPC has said high and volatile natural gas prices make the economic ...

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