Home » NEWS » Banking & Finance (page 238)

Banking & Finance

Qualified school construction bonds building Mississippi schools

The American Recovery and Reinvestment Act (ARRA) of 2009 created a new financing opportunity for school districts called Qualified School Construction Bonds (QSCBs).  QSCBs are tax credit bonds.  Rather than receiving interest payments, bond holders receive tax credits from the federal government.  These tax credits are intended to equal the interest that the school district would normally pay on the ...

Read More »

How stimulus funds can foster economic development

The American Recovery and Reinvestment Act of 2009 (ARRA) is filled with potential economic development opportunities for you and your industry.  However, due to the length and complexity of ARRA, it can be difficult to pinpoint incentives that will most benefit your business.  We hope our analysis of the provisions of ARRA will help maximize positive opportunities for Mississippi companies. ...

Read More »

Block Grant Program aimed at conservation

Mississippi is receiving $9.6 million for energy efficiency Mississippi is receiving $9.6 million in funds designated to make state, county and city governments more energy efficient by reducing total energy use and fossil fuel emissions. The federal stimulus bill, the American Recovery and Reinvestment Act (ARRA), has allocated the money to the Community Development Block Grant Program (CDBG) that will be ...

Read More »

Energy plan a win-win for everyone

Mississippi’s plan will help public and private sectors save energy dollars Some economists are predicting the end of the recession late this year or early next year. But, it is hoped that the benefits of Mississippi’s State Energy Plan (SEP) will continue to pay dividends in the form of lower energy bills for many years to come. The U.S. Department ...

Read More »

What the ARRA can do for your small business

On Feb. 17, 2009, President Obama signed into law a substantial piece of legislation. The new legislation known as the ARRA contains over 300 changes to the Internal Revenue Code.  The tax benefits for businesses will exceed $75 billion for 2009 and 2010 by offering numerous incentives.  Following are only a few of the highlights:   Changes to Depreciation The ...

Read More »

STAYING AT HOME

  Housing Relocation and Stabilization Program to help prevent homelessness   In the past, homelessness has been mostly a problem in big cities, and has often been more common with single people than families. But with the current recession, high unemployment rates and record high levels of foreclosures in the first six months of 2009, there has been an increase in ...

Read More »

Incentives for adoption of electronic health records under ARRA

The U.S. Department of Health and Human Services (“HHS”) announced on June 16, 2009, that it has begun the process to define “meaningful use” of electronic health records (“EHR”) under the American Recovery and Reinvestment Act of 2009.  President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA or “Act”) on Feb. 17, 2009, to not only help ...

Read More »

Clearly defined roles are key to green success

Green, not the color, but an increased environmental sensitivity, conservation and energy efficiency, is sweeping the nation. Green building development is proving to be one of the hottest trends in commercial real estate development. The federal government has also made green building development a priority. Even without incentives or directives from the federal government, green building development has found its ...

Read More »

Coordinating infrastructure projects

Metropolitan planning organizations keep eye on projects that have short timeline Transportation improvements are coming to Mississippi thanks to the federal stimulus package which allocated $354 million to the Mississippi Department of Transportation for statewide projects. These infrastructure projects are being coordinated through MDOT’s Planning Division with metropolitan planning and development organizations representing all areas of the state. “These projects ...

Read More »

Putting families back in homes

  Neighborhood program putting families back in their homes   There can be a snowball effect when a large number of foreclosures hit a neighborhood. Who wants to buy a home when prices are declining and many homes in the neighborhood are vacant with unkempt yards because of foreclosures? But, now there is an opportunity to turn things around with federal ...

Read More »