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Banking & Finance

CMI shows recession's end?

COLUMBIA, Md. — Lately, there has been a great deal of discussion about whether or not there is reason for some optimism regarding the U.S. economy’s recovery. The National Association of Credit Management believes its May Credit Managers’ Index (CMI) shows the worst may be over. The latest CMI combined index rose from 44.3 to 45.4, which equals levels not ...

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Dealer Floor Plan program introduced

WASHINGTON — The U.S. Small Business Administration (SBA) will offer government-guaranteed loans to finance inventory for eligible auto, recreational vehicle, boat and other dealerships under a new pilot program. Dealer Floor Plan (DFP) financing will be available beginning July 1. It is a line of credit that allows dealers to borrow against their inventory, and then repay that debt as ...

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McClellan honored with scholarship

ELLISVILLE — Decades of service and leadership at Jones County Junior College (JCJC) have come full circle for Mike McClellan, a former chairman of the board and star athlete at the college. A scholarship has been established at the JCJC Foundation in McClellan’s name honoring his contributions to the college and the business community. The $10,000 endowment for the McClellan ...

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Governor's Cup winners named

AROUND MISSISSIPPI — Gov. Haley Barbour has named six Mississippi businesses as the district winners of the Governor’s Cup, which recognizes businesses in the private sector that have made a significant impact within their communities. The district winners in each category follow: Small Business (50 or less employees): · General Atomics, Shannon – North District winner (nominated by Community Development ...

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A customer service experience

BancorpSouth looks to better connect with clients BancorpSouth recently rolled out a new concept at its Colony Park branch in Ridgeland that represents a radical new approach in customer relations. BancorpSouth’s new Customer Experience Center looks to better connect with its customers, a “meeting in the lobby,” so to speak, of bank personnel and their clients. Randy Burchfield, senior vice president and ...

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Supporters tout Two Lakes

Even Lazarus only came back from the dead once. The Two Lakes project, written off numerous times, is still alive, and supporters seem just as confident of victory as ever. “People tell us that we have gotten so many no’s that there must be something wrong with the project,” said Robert Muller, an engineer with McGowan Working Partners, the project’s chief promoter. “We think there is something wrong with the no’s.”

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Projects get AARA funding

WASHINGTON — Agriculture Secretary Tom Vilsack yesterday announced projects funded by the American Recovery and Reinvestment Act (ARRA) for invasive species projects. In total, there are 19 projects, funded at more than $38 million, in 14 states.  Mississippi is receiving $2.767 million for two unspecified projects.   These funds will be used to suppress and control species such as kudzu, ...

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Barbour: House blind to budget realities

The Mississippi Legislature is at another impasse on the budget, and Gov. Haley Barbour is ratcheting up his criticism of lawmakers: In a statement, Barbour said: "It is unfortunate that some members of the House remain blind to budget realities. At (yesterday's) session of budget negotiators, for example, State Rep. Dirk Dedeaux, chairman of the House Medicaid Committee, said the federal stimulus money is like manna from heaven, and just like manna from heaven it must be eaten that day or it will rot."

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