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Economic Development

After major redesign, construction of Cleveland hotel complex resumes

Dinesh Chawla By Jack Weatherly After extensive redesign, the Scion West End hotel complex is moving forward in the construction phase. That’s the word from Dinesh Chawla, president of Chawla Hotels Inc., which is building the $20 million project in west Cleveland. Things were moving toward a completion in late 2017, when Chawla and his brother, Suresh, signed a deal ...

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Officers elected to Mississippi Main Street Board of Director

Ed Garner A new slate of executive officers has been elected to the Mississippi Main Street Association (MMSA) Board of Directors. The new member and officers were elected at the recent annual awards meeting held in Jackson. Ed Gardner of Entergy Mississippi in Jackson has been elected as the MMSA Board President for 2018-2019. “The Main Street program is essential ...

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The most-recent of three hotels announced for the Fondren District in Jackson is in first place in development

By JACK WEATHERLY The most-recent of three hotels announced for the Fondren District in Jackson is in first place in development. Steel has risen on the Homewood Suites project site by the Ridgeland-based Heritage Hospitality Group, while two other projects announced two years earlier have yet to break ground, though spokesmen for both said about a year ago that dirt ...

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New developer takes over mall site that has state tax aid

A new developer is taking over a plan to build a large shopping center on the Mississippi Gulf Coast. Local news outlets report that Rise Partners has taken over development in D’Iberville with plans to begin construction next summer and complete the first phase in summer 2020. The new company, based in Chattanooga, Tennessee, says it has agreed with landowner ...

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Convenience stores expect boost from Mississippi lottery

By TED CARTER Mississippi’s convenience store operators have heard the cautions that some of the money customers previously spent on dish soap, soda and bread will be diverted to lottery tickets. But the prospect of making a nickel or more on each one-dollar ticket has the retailers saying, “Bring it on.” Philip Chamblee, head of the Mississippi Petroleum Marketers and ...

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MATTHEW McLAUGHLIN — Entrepreneurship is the solution

Matthew McLaughlin In a LinkedIn article published by Michael Dell in 2014, he noted that between 1985 and 2005, the number of people living in poverty in the world was cut in half.  This happened to be the exact period in time when the use of a personal computer and server became affordable to a mass market.  Dell further pointed ...

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ALAN TURNER — The MCEE: Planting the seeds for success

ALAN TURNER The mission of the Mississippi Council on Economic Education is helping to educate young people about economics, finance, and business. There are many success stories of young folks who have been inspired to become economically literate, making important choices about their career objectives, and some who became successful entrepreneurs while still in high school. Others have developed a ...

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Mississippi: Ohio firm must pay $235,000 in failed expansion

Mississippi’s state auditor is demanding that an Ohio business pay nearly $235,000 over a failed business expansion. State Auditor Shad White says John Cullen must repay a $174,000 grant, plus $60,000 interest, to Mississippi or face a lawsuit. Cullen is CEO of Payliance Inc. of Columbus, Ohio. In 2010, he agreed to accept up to $400,000 in grant money from ...

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Mississippi says $9.8 million wagered on sports in 1st month

Mississippi officials say gamblers bet $9.8 million on sporting events from Aug. 1 through Labor Day. State Gaming Commission Director Allen Godfrey says that’s the total amount bet in the first 34 days of wagering in Mississippi. Casinos earn about 5 percent off bets, and Mississippi gets an 8 percent tax on the casino’s take. Sports betting has now expanded ...

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Credit rater takes brighter view of Mississippi finances

One of the nation’s three main credit rating agencies is feeling a little more confident about Mississippi’s financial picture. Standard & Poor’s Financial Services on Friday removed its negative outlook on Mississippi’s debt, instead raising the outlook to stable. Mississippi remains rated AA by Standard & Poor’s. Credit ratings can influence how much the state has to pay in interest ...

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