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Tag Archives: Business

Credit rater takes brighter view of Mississippi finances

One of the nation’s three main credit rating agencies is feeling a little more confident about Mississippi’s financial picture. Standard & Poor’s Financial Services on Friday removed its negative outlook on Mississippi’s debt, instead raising the outlook to stable. Mississippi remains rated AA by Standard & Poor’s. Credit ratings can influence how much the state has to pay in interest ...

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Gulfport builder wins $68 million Ingalls contract

By JACK WEATHERLY Gulfport-based Roy Anderson Corp. has been awarded a contract valued at approximately $68 million by Huntington Ingalls Inc. for the East Bank Revitalization project in Pascagoula. The project is part of Huntington Ingalls’ plans to reactivate its shipbuilding facilities on the East Bank of the Pascagoula River, which were heavily damaged by Hurricane Katrina in 2005. Work ...

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ALAN TURNER — A strong dash of optimism

ALAN TURNER One can certainly find many opinions about the future of Jackson, and many of these are not exactly what we might think of a “sanguine.” However, there are others who are actually positive about some of the things going on in Jackson and Mississippi as a whole. One of those is newly appointed Regions Bank executive Robert Leard, ...

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Mississippi, Japan have strong foundation

By CALLIE DANIELS BRYANT Glenn McCullough United States municipal and state officials are reaching out to Japan for economic opportunities and increased employment for the nation’s rural areas. Japan is the second largest foreign direct investor (FDI) in the United States, and the value of this country’s investments has grown to an estimate of $13 billion this year. Japan has ...

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LAW ELEVATED — Recent tax changes to encourage development & new investment

GRAY SWOOPE Wilson Montjoy Recent enactments of both the U.S. Congress and Mississippi Legislature have modified tax laws to encourage development and new investment. Reducing Fee-in-Lieu to $60 Million Enhances Economic Development Recruitment Tools, Mississippi has traditionally offered incentives for economic development, recognizing that new and expanding industries bring jobs and increased tax revenues, but that Mississippi must compete for ...

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Renasant nearly a $13 billion bank with latest merger

By DENNIS SEID / Daily Journal TUPELO – In just three years, Renasant Corp.’s assets have more than doubled. Acquisitions have played a large role in that growth, as the parent company of Renasant Bank has merged with four other banks during that time. The most recent is its merger with BrandBank of Georgia. The $452 million deal is the ...

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Piping company opens $3.8M Mississippi warehouse, hiring 60

Mueller Industries is opening a new warehouse in northeast Mississippi, investing $3.8 million and hiring 60 workers. The Memphis, Tennessee-based company makes pipes, valves and fittings. It built the warehouse next to its factory in Fulton, cutting the ribbon Thursday with Gov. Phil Bryant. Mueller says the 74,000-square-foot (6,900-sq. meter) warehouse is needed to meet increased customer demand. Mississippi Development ...

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BEN WILLIAMS — PowerScoring Trump’s judicial appointments in the first 18 months

Ben Williams In his first 18 months in office, President Trump placed 44 lifetime Article III federal judges on the bench. Conservative pundits praise the record. But how do the 44 confirmations really stack up? The U.S. currently has 860 congressionally established Article III judicial positions, breaking down as follows: 9 Supreme Court justices, 179 appellate judges, 663 district judges, ...

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Clarksdale historic restorations providing room to create

By TED CARTER A $2.3 million transformation of a circa 1923 hotel in Clarksdale that once served as lodging for railroad conductors and engineers is a key cog in a plan to draw artists and other creative people downtown. Restoration of the historic Travelers Hotel on Third Street and transformation of the old Woolworth’s on Yazoo Avenue into residential lofts ...

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