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Real Estate & Construction

Taylor outraged over testimony

JACKSON — Rep. Gene Taylor (D-Miss.) is pointing to testimony given June 9 before the Mississippi Supreme Court as proof that his multi-peril insurance legislation should become law. According to Taylor’s Office, in oral arguments before the Mississippi Supreme Court insurance company USAA admitted that it shifted its own costs to the federal government’s National Flood Insurance Program (NFIP). In ...

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Pierce honored with SBLA

HATTIESBURG — William Carey University and the Area Development Partnership honored Dennis Pierce, owner of Dennis Pierce Inc. and PierCon Inc. with the Small Business Leadership Award (SBLA) during the Small Business Leadership Luncheon held on the Hattiesburg campus of William Carey. The SBLA recognizes the important contributions of small businesses to the economic, social and cultural life of the ...

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State Farm staying off Coast

ACROSS MISSISSIPPI — A little more than two years after suspending the writing of new homeowners policies in Mississippi, State Farm is again writing new policies, except in the coastal counties of Hancock, Harrison and Jackson. New policyholders will pay a little more for their policies. A roughly 3.9 percent statewide rate increase was approved by Insurance Commissioner Mike Chaney. ...

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Capital One gets more NMTC funds

NEW YORK — Capital One Bank has received an award of $90 million in New Markets Tax Credits (NMTC) to support the bank’s lending and encourage investments in underserved communities in a number of states, including Mississippi. The allocation was awarded through the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) fund to Capital One Community Renewal Fund, LLC, a ...

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Construction job losses slow

WASHINGTON — After losing around 10,000 jobs a month for the past four months, the nonresidential building construction sector lost 1,400 jobs in May, according to the June 5 employment report by the U.S. Labor Department. Still, 84,800, or 10.2 percent, jobs in the industry have been lost since May 2008 as employment reached 744,700. Meantime, the pace of job ...

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More affordable housing added on Coast

GULFPORT — The Governor’s Office reports that about 1,000 affordable housing units on the Gulf Coast have been completed with yesterday’s opening of 120 new units at Gulfport’s Regency Way Apartments complex. The Mississippi Development Authority’s (MDA) Public Housing Grant Program administered the project, and was funded through Mississippi’s $5.4-billion federally provided Hurricane Katrina recovery package. The Regency Way Apartments, ...

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New medical office complex under construction

FLOWOOD — Charlotte, N.C.-based Cogdell Spencer ERDMAN has broken ground on a new 50,575-square-foot medical office building in Flowood. The facility will be located on 6.85 acres at the corner of Lakeland Place and Plaza Drive. This project represents a new market and a new relationship for the company, which offers services from concept through long-term ownership and management. University ...

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'Rankin Living' returning

BRANDON — The Rankin County Chamber of Commerce is preparing to publish the third edition of “Rankin Living,” a relocation guide for Rankin County. This annual publication is a tool that the Rankin Chamber utilizes to assist area newcomers in choosing in which area of the county to reside. “Rankin Living” will include county information, details about area school zones ...

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PMI group working toward chapter status

JACKSON — Thanks to the support of the Project Management Institute (PMI) New Orleans chapter and a local business leader, Mississippi is getting a PMI chapter. John Mahoney, planning and innovations leader at Jackson-based Entergy Nuclear, convinced his former New Orleans chapter to support the development of the only Mississippi chapter. The precursor to chapter status is forming a “Jackson ...

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Collins and Null gets new office

HATTIESBURG — Gerald Collins, George and Jonathon Null, all Hattiesburg appraisers, announce the opening of Collins and Null Appraisals Inc.’s newest office located at 6760 U.S. Highway 98 in Hattiesburg. The new 6,277-square-foot building contains the appraisal office as well as multiple office spaces for lease. Collins and Null Appraisals is a full-service appraisal office with more than 30 years ...

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