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Economy

State’s economic growth to show 1 percent rise for 2015

By TED CARTER Not far removed from negative growth in 2013 and zero growth in 2014, Mississippi’s economy grew by an estimated 1 percent in 2015, economists with the Mississippi Research Center report. Even that slight amount of growth surprised state economists who looked at third quarter growth and projected a rise of only a half percentage point, according to the ...

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Study: State’s film industry incentives are price of admission

By JACK WEATHERLY  A Mississippi tax dollar spent on incentives for filmmaking gets only 49 cents in return, according to a study by the legislative Joint Committee on Performance Evaluation and Expenditure Review, or PEER. And while that may not seem a good bet, Mississippi is faring better than many of the 38 states chasing the glamor of making movies. ...

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$1.34 million expansion will create 40 jobs

  MBJ staff Foamcraft Inc., manufacturer of polyurethane foam insulation products, announced Wednesday a $1.34 million expansion of it operations in Tupelo that will create 40 jobs. Foamcraft will expand into the 115,000-square-foot facility formerly occupied by Fibre Craft. Foamcraft will also continue to operate from its adjacent 75,000-square-foot plant. Mississippi Development Authority provided a $30,000 grant toward modification of ...

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Madison approves plan for retail development

MBJ staff The Madison Board of Aldermen unanimously approved on Wednesday a plan for a 60-acre retail development called Grandview East. The development by Mattiace Properties will be in addition to the 207,000-square-foot Forum at Grandview, which was developed by Mattiace and CBL and was completed five years ago, according to release from the company. Grandview East will be on the east ...

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Mississippi officials brace for possibilty of carriers of avian flu

Mississippi officials are bracing for the possibility that the state’s poultry industry may be struck by the avian flu later this year, according to a news release from Mississippi State University. Tom Tabler, poultry specialist with the MSU Extension Service, said no new reports of highly pathogenic H5N2 avian influenza have occurred in the United States since June 17 because ...

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Suit to block silicon plant in northeast Miss. dismissed

Jack Weatherly Mississippi Silicon LLC has some breathing room as a suit seeking to stop the construction of the plant at Burnsville in Tishomingo County was dismissed. U.S. District Court Judge Debra M. Brown ruled on Thursday that the Northern Mississippi court did not have jurisdiction, and the motion by Globe Specialty Metallurgical, a Selma, Ala.,-based competitor, for a preliminary ...

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Mississippi Power urges PSC for break on refunds

Associated Press Mississippi Power Co. is telling regulators that the company wants bill credits to be the default option when refunding the $350 million the company collected from customers for its Kemper County power plant. The unit of Atlanta-based Southern Co., in a Tuesday filing with the Mississippi Public Service Commission, said it only wants to issue checks when customers ...

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Mississippi joblessness drops in June

Associated Press Mississippi’s unemployment rate dipped in June despite weakness in employer payrolls. The joblessness rate fell to 6.6 percent from 6.7 percent in May, and from 7.6 percent in June 2014. A months-long pattern of decreasing unemployment resumed, after May’s rate rose. The number of people with jobs increased, as well as the number of people in the labor ...

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Job seekers push Mississippi unemployment rate to 6.7 percent

The Associated Press With people flooding into Mississippi’s labor force, the state’s job market couldn’t quite keep up in May. Mississippi’s unemployment rate crept up to 6.7 percent from 6.6 percent in April, ending five straight months of falling joblessness rates. The number of people who told surveyors they had a job increased by more than 6,000, but the unemployment ...

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