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Tag Archives: economy

Seraphim Solar to build manufacturing facility in Jackson; says will create up to 250 jobs

solar

Chinese solar panel maker Seraphim Solar announced Wednesday that it will invest $50 million to open its first U.S. factory in Jackson. The company said it will hire 250 workers over its first five years to assemble solar modules. City spokeswoman Shelia Byrd said the city is in final negotiations on incentives, but said she didn’t know when an agreement ...

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State’s key economic indicators show slight strengthening

The performance of Mississippi’s economy in 2015 may hinge on growth in building permits, retail trade and consumer confidence offsetting a slowdown in U.S. manufacturing attributed to a stronger dollar, lower oil prices and bad weather. So say Mississippi state economists in the March issue of Mississippi’s Business, a monthly report on the state’s economy by the University Research Center ...

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SELENA SWARTZFAGER — James Wilcox is a rising star indeed

If you don’t know James Wilcox, you are missing out.  I have had the pleasure of working with him for the past four years as he is the director of the Southern Entrepreneurship Program offered by the University of Southern Mississippi Center for Economics and Entrepreneurship Education (check it out at www.thesep.org).  The teachers he works with love him!  Level-headed, ...

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House panel approves small bump in sales tax money to cities

JACKSON — Mississippi’s nearly 300 cities and towns could get a little more sales tax money under a proposal lawmakers are considering. House Bill 1110 was passed Tuesday by the House Ways and Means Committee and appears headed to the full House. Right now, cities get 18.5 percent of the 7-cent cent sales tax collected inside their boundaries. The bill ...

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Miss. economy growing, but slower than region and nation

JACKSON — An expert says Mississippi’s economy is growing but still lags behind regional and national recovery from the Great Recession. State economist Darrin Webb told legislators Thursday that there are reasons for optimism. He says plummeting gasoline prices are especially helpful to consumers in low-income states like Mississippi. Webb says the number of unemployment claims in the state decreased ...

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MDA’s Christensen forecasts economic growth momentum continuing in 2015

Mississippi Development Authority Executive Director Brent Christensen foresees 2015 being a year when the state builds upon the strengthening economic activity of both the state and the nation in the past year. “As the national economy continues to rebound and strengthen, that momentum will continue to carry over,” Christensen said. “Companies are increasingly seeking new locations to expand as a ...

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Both sides in school funding suit seek ruling

JACKSON — Both sides in a lawsuit over state funding for local school districts in Mississippi are asking a judge to rule in their favor without having a full trial in the case. Twenty-one school districts represented by former Gov. Ronnie Musgrove are seeking summary judgment, while Attorney General Jim Hood earlier asked that the case be dismissed. Musgrove filed ...

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More than 600 Lamar teachers get 1st merit pay checks

HATTIESBURG — More than 600 of Lamar County’s teachers qualified for the district’s first round of merit pay, says Chris Wooten, human resources director for the county school district. Qualification for the second round will be tougher, so fewer teachers probably will qualify, he told The Hattiesburg American (http://hatne.ws/1rti0Uj ). He said 90 percent to 95 percent of the district’s ...

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Legislators expect a 3 percent spending increase next year

JACKSON — Top Mississippi lawmakers said yesterday they expect a 3 percent increase in state spending during the coming year, reflecting a prediction of modest growth in the state economy. That’s stronger than the 1.1 percent revenue growth rate for the current year over last year, but weaker than the roughly 5.5 percent growth during each of the two previous ...

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Exit polls: Voters dissatisfied with Obama administration, economy

ACROSS MISSISSIPPI — Republican Thad Cochran, in winning a seventh term in the U.S. Senate, fared well among those who disapproved of President Barack Obama’s performance and who felt the economy has been getting worse, according to final results of exit polling conducted for The Associated Press and television networks. Cochran surmounted a bitter GOP primary against tea party favorite ...

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