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Public/Private Companies

Howard Industries — Laurel business has become a global leader

Howard Industries, one of Mississippi’s top 100 companies, is well on its way to becoming one of the country’s and world’s leading companies. Based in Laurel, the innovative powerhouse has grown from a manufacturer of single phase poles with 100 employees to a billion-dollar, multi-product company with more than 1,000 employees. The company was started in 1968 by Billy W. ...

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Mississippi's economic growth gets national attention

Historically, economic growth is not a term that nation’s analysts have quickly associated with Mississippi, but the outlook might be improving on several fronts. According to Gov. Phil Bryant’s office, the American Legislative Exchange Council recently placed Mississippi among the Top 10 states for overall economic outlook for 2013, and the Kauffman Index of Entrepreneurial Activity named Mississippi fifth for ...

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When governor asked, Sanderson Farms agreed to back pro tournament for this year

When Mississippi was at risk of losing a big, revenue-generating golf tournament, Sanderson Farms stepped up to accept the sponsorship and keep it going. The Sanderson Farms Championship is the new name of the tournament formerly known as the Viking Classic. The tournament will be played July 18-20 at Annandale Country Club in Madison. “When Viking dropped the sponsorship, Gov. ...

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Legislation, weak economy make it difficult for Mississippi companies to go public

The last Mississippi company to go public was The First Bancshares Inc. in 1996. Only four Mississippi-based companies have gone public since 1950. And since the 1990s, the number of public companies in Mississippi has dropped a significant amount. Experts say the reason more companies in Mississippi and elsewhere in the country aren’t going public is the Sarbanes-Oxley Act. “Sarbanes ...

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Staplcotn has staying power on Mississippi 100

Greenwood-based cotton cooperative Staplcotn landed at third on the 2012 Mississippi 100, posting $933 million in revenue in the process. It’s a good way to start the third year on the job for CEO Meredith Allen, who took over the oldest and largest cotton marketing cooperative in the U.S. in late summer 2010. “(It’s been) challenging and, at the same ...

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SBA guaranty loan amounts surpass pre-recession levels

Business lending in Mississippi backed by the U.S. Small Business Administration ended the year in amounts higher than pre-recession 2007, the SBA reports. The agency backed more loans in 2007 — 623 — but the amount of those loans totaled $107 million, compared to fiscal 2012‘s $132.4 million. The SBA guaranteed 442 loans in the fiscal year that ended Sept. ...

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Duff Brothers, Southern Tire Mart on the grow and fast

Jim and Thomas Duff own five businesses, four of the top 100 largest private businesses in Mississippi; Southern Tire Mart, KLLM Transport Services, Forest Products Transports, T.L. Wallace Construction and Pine Belt Ford. All together, the companies employ 3,800 people, with revenues over $1.3 billion and are all headquartered in Mississippi. Southern Tire Mart landed at No. 3 on this ...

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Private business facing another year of cloudy fiscal outlook

It’s often been said it takes a lean dog to run a long race. And with that in mind, staying lean is a likely survival strategy for Mississippi’s private businesses heading into 2013. Even companies with fat cash reserves are keeping lean, preferring to horde their money until signs of an economic turnaround become clearer. They’ll stay that way until ...

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