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Real Estate & Construction

Construction spending still slumping

WASHINGTON — Residential construction spending slipped 3.5 percent for the month and is down 33.3 percent from May 2008. Overall, total construction spending was down 0.9 percent compared to April and was 11.6 percent lower than levels in May 2008. “Until now, much of the talk about the stimulus package has been just that, talk,” said Associated Builders and Contractors’ ...

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Parkway honored for great workplace

JACKSON — The Society for Human Resource Management (SHRM) together with The Great Place to Work Institute Inc. (GPTW) has named Parkway Properties Inc. one of the “50 Best Small & Medium Companies to Work for in America” in 2009. The list, now in its sixth year, ranks the top 25 small and top 25 medium-sized companies using “best practice” ...

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Mid-South lands 'green' grant

JACKSON — The Mid-South Community Development Corporation has been awarded an $80,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas through its partner bank, BankPlus. The funds will be used in the development of the Harmony Estates subdivision in the Georgetown community of Jackson to assist first-time homebuyers and qualified applicants with down payment assistance. ...

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Clinic construction to begin

FLOWOOD — A groundbreaking ceremony will be held tomorrow beginning at 10 a.m. for University Physicians-Grants Ferry, a part of University of Mississippi Health Care. The site is located at 1010 Lakeland Place, on the corner of Lakeland Place and Plaza Drive in Flowood. The new, $14-million clinic is scheduled to open in the second quarter of 2010. The 50,575-square-foot ...

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Lawmakers approve funding

ACROSS MISSISSIPPI — Sen. Thad Cochran (R-Miss.), the ranking Republican on the Senate Appropriations Committee, reports committee passage of the FY2010 Commerce, Justice and Science Appropriations Bill, which contains specific funding for projects in Mississippi. The following are items of interest to Mississippi included in the appropriations bill: • $200,000 to support the creation of the Choctaw Native American Business ...

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SBA loan program revised

WASHINGTON — Small businesses seeking to expand will be able to refinance existing loans used to purchase real estate and other fixed assets as a result of permanent changes to the U.S. Small Business Administration’s (SBA’s) 504 Certified Development Company loan program. The changes were authorized in the American Recovery and Reinvestment Act of 2009. The permanent changes will allow ...

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Loan awarded for training center

GREENE COUNTY — Singing River Electric announced the approval of a $1-million zero-interest loan by the U.S. Department of Agriculture’s Rural Business Service and Singing River Electric to fund an economic development project in Greene County. Jones County Junior College (JCJC) will use the loan to construct a 17,868-square-foot education training facility adjacent to the Greene County Vo-Tech facility just ...

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School board sells 16th Section land

MENDENHALL — Secretary of State Delbert Hosemann, along with the Simpson County School Board, recently participated in a sale of 16th Section land to Earth Station Communications at the Simpson School District Offices in Mendenhall. “We are pleased to work with the Simpson County School Board on this unusual use of 16th Section Land,” Secretary of State Delbert Hosemann. “The ...

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Mims named to Hall of Fame

HATTIESBURG — Jervis Mims of Hattiesburg was recently inducted into the Mississippi Housing Hall of Fame, the highest honor given by the Home Builders Association of Mississippi. Mims, a graduate of Forrest County AHS in Brooklyn, attended the University of Southern Mississippi (USM) and served in the United States Naval Reserve from 1952-1960. He grew up around the building business, ...

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'Saints' bill clears Louisiana Senate

NEW ORLEANS — The AP reports the Louisiana Senate has approved an essential part of Gov. Bobby Jindal’s deal to keep the New Orleans Saints in the state. There was little discussion about the bill before it was unanimously approved. It heads back to the House for approval of changes before it heads to Jindal. The measure, which allows the ...

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