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Tag Archives: economy

Grant to create up to 420 tornado recovery jobs

JACKSON, Mississippi — The U.S. Labor Department is sending up to $6 million to Mississippi to pay for unemployed people to help with recovery and cleanup from the April 28 tornadoes. The money, being sent to the Mississippi Department of Employment Security, could create as many as 420 temporary jobs. The federal government said Friday that it has released $1.87 ...

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State's unemployment rate falls slightly to 7.4 percent

ACROSS MISSISSIPPI — Mississippi’s unemployment rate ticked down to 7.4 percent in January, as a few more people found jobs. A separate survey shows state employer payrolls falling slightly. Both sets of figures — adjusted to cancel out normal seasonal changes — were released yesterday by the Mississippi Department of Employment Security. It’s the lowest state jobless rate since October ...

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Construction industry adds workers, but…

There are signs that the nation’s construction industry is rebounding, but it will take a while before it fully recovers, according to one building trade association. Construction employment expanded in 195 metro areas, declined in 90 and was stagnant in 54 between January 2013 and January 2014, according to a new analysis of federal employment data released by the Associated ...

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MEC surveys find optimism, confidence in state's economy

JACKSON — Leaders from across the state are showing great confidence in the direction Mississippi is moving and in the ability to improve its economic competitiveness, according to the Mississippi Economic Council (MEC). Surveyed during the MEC’s Blueprint Mississippi Pathway to Progress Tour, business and community leaders rate Mississippi as a newly emerging growth state, higher than any other category. ...

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Cathy Northington receives MEC promotion; Kilroy added as vice president

The Mississippi Economic Council has announced the promotions of Cathy Northington and Christi Kilroy to new leadership positions. Northington has been named Vice President, Programs and Administration. Hired a decade ago as a part-time, entry-level employee, Cathy worked her way up from the ground floor at MEC. Today, Northington is in charge of facilitating Leadership Mississippi, the nation’s second oldest ...

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Bill’s demise ends state sales tax rebates for retail development

Mississippi’s tourism tax development incentives failed to gain enough legislative support for renewal last week and will expire July 1, ending the state’s practice of awarding tens of millions of dollars as incentives for development of shopping malls and retail plazas. The Mississippi Development Authority so far has awarded up to $155 million in potential subsidies for three shopping malls ...

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TYLER BALL: Business succession planning: The time is now

F amily-controlled businesses comprise between 80-90 percent of all business enterprises in North America (Source: J.H. Astrachan and M.C. Shanker, “Family Businesses’ Contribution to the U.S. Economy: A Closer Look,” Family Business Review, September 2003). And while it is estimated that nearly 40 percent of family businesses are passed successfully to a second generation, only a small fraction of them ...

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Webb: Government is state's top employer

JACKSON — State economist Darrin Webb says government is Mississippi’s largest employer these days. That’s a big change from 20 years ago, when manufacturing held the top spot in the state. Webb says Mississippi lost manufacturing jobs after the North American Free Trade Agreement was put in place in the 1990s. Webb told House Appropriations Committee yesterday that total employment ...

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