Home » NEWS » Economic Development (page 30)

Economic Development

JACK WEATHERLY — It’s high time for a good watermelon

I know a fella who as a youngster had an unusual — no, unique – closer for selling watermelons. It wasn’t where they were grown – whether Smith County, Mississippi; Hope, Arkansas or his grandpappy’s patch. My friend is now in his 80s but he was about the age of Tom Sawyer and Huckleberry Finn, Mark Twain’s tricksters. Back in the ...

Read More »

LAW ELEVATED — Getting your company in shape for sale

How does a business owner prepare his or her company for sale? What steps in preparing for a sale are most important? When should preparations for sale begin? Is it worth the cost? These questions often vex business owners as they first consider a potential sale. While there is no one-size-fits-all approach, there are basic precepts to consider before beginning ...

Read More »

Ingalls: Shipyard of the future

» Bond issues fund infrastructure and facility improvements By LISA MONTI Huntington-Ingalls Inc., America’s largest military shipbuilding company and Mississippi’s largest private employer, is entering the second year of its Shipyard of the Future initiative. This year, the Legislature approved a $45 million general obligation bond issue for Ingalls to go with previous issues. As in the past, the company will ...

Read More »

Ingalls Shipbuilding gets Navy contract, could total $3.1B

PASCAGOULA — Ingalls Shipbuilding in Pascagoula has been selected to build the U.S. Navy’s next large-deck amphibious assault warship. The announcement was made Thursday in a news release. The contract value for planning, advanced engineering and procurement of long-lead material, is just over $272 million. If options are exercised, the cumulative value of the contract would be $3.1 billion. Ingalls ...

Read More »

Mississippi foundations a rising tide that lifts all boats

By BECKY GILLETTE According to the Mississippi Association of Grantmakers (MAG) report for 2015, foundation giving in Mississippi has increased significantly from $55 million in 2001 to $91 million in 2012. Mississippi businesses are often involved either with foundations of their own or by supporting community foundations. Sammy Moon, coordinator of the association, said it is obvious that non-profit foundations ...

Read More »

MDEQ board approves permit for Renaissance expansion

By JACK WEATHERLY The Mississippi Environmental Quality Permit Board on Thursday unanimously approved a water permit to allow the contested expansion of the Renaissance at Colony Park to proceed. The plan for 45-acre site along the east side of Highland Colony Parkway in Ridgeland calls for the clearing and filling of 14 acres of forested wetlands, channelization and excavation of ...

Read More »

Appeals court rules developer must repay money he diverted

Mississippi’s Court of Appeals says Jackson developer David Watkins must repay $587,000 in bond money he misused, as well as $75,000 in fines. The court ruled 5-3 Tuesday for Secretary of State Delbert Hosemann in the case. Watkins diverted money that investors loaned to renovate part of Jackson’s Metrocenter Mall for Jackson city offices, buying a Meridian building that Watkins ...

Read More »

International trade program connects Extension to China

BEIJING, China — Expanding Mississippi agriculture requires getting to know potential markets, and a group of Mississippi State University Extension agents is seeing one of the largest in the world firsthand. A tour of Shanghai, Beijing and the Shandong Province is the last in a three-step international trade training program. In November, agents learned the basic principles of international trade. ...

Read More »

Nissan impact on state economy continues to grow

By JACK WEATHERLY Nissan’s automotive assembly plant at Canton continues to grow as a major economic player in the immediate area and statewide, according to a new study. Nissan’s direct and indirect contribution to the state’s gross domestic product averages $2.9 billion a year, up from $2.5 billion in a 2013 report from the National Strategic Planning and Analysis Research ...

Read More »

Stocks, pound fall again due to UK vote uncertainty

U.S. stocks indexes headed toward a sharply lower close in late-afternoon trading Monday, reflecting ongoing investor jitters over the fallout of Britain’s vote to leave the European Union. European stock markets extended their losses from Friday. The British pound, which last week plunged to its lowest level since 1985, continued to fall as traders expected the British economy would take ...

Read More »