Home » Tag Archives: MBJ FEATURE (page 2)

Tag Archives: MBJ FEATURE

Court puts claws in ‘cat’s paw’

A decision recently rendered by the U.S. Supreme Court opens employers to liability for discriminatory employment practices in a theory that up until the ruling had gained little traction in the higher courts. Now, human resources managers need to be aware that the “cat’s paw” liability theory has been deemed constitutional and holds broad implications for employment practices moving forward. ...

Read More »

Who should lead the MDA?

Speculation is rampant. Who is going to replace Gray Swoope as executive director of the Mississippi Development Authority (MDA) on an interim basis, and who might the next governor chose as a permanent replacement? The Mississippi Business Journal recently conducted an informal survey of approximately a half-dozen Mississippi economic developers, and asked them who they saw as solid prospects for ...

Read More »

All grown up

Late last month, it was announced that two companies were leaving a large facility in Jackson. But the facility’s leadership is thrilled that these tenants are vacating the premises, so much so that they held a celebration to commemorate the event. On February 25, approximately 50 people gathered for the “graduation” of Navagis, LLC, and Action Leadership Institute from the ...

Read More »

Natchez hopes 2011 the year Rentech gets off the ground

Since 2006, Rentech has promised to be the Nissan of the Natchez area, providing more than 2,000 jobs, if only they can get it started. Rentech is actually the name of a California-based company that plans to build a clean fuel manufacturing plant in Mississippi. The facility would gasify coal and petroleum coke to produce fuel. The original price estimate ...

Read More »

Mississippi mismatch: Delinquent mortgages high, foreclosures low

Mississippi has long had the distinction as a state with one of the highest delinquent mortgage rates in the country. January was no exception. The state’s 5.93 percent 30-day delinquent rate topped all over states, including the troubled mortgage market states of Florida, Nevada and California, the Mortgage Bankers Association reported last week. Yet Mississippi ranked 46th in the nation ...

Read More »

Natchez mayor hopeful casino agreement forged this week

Like most other timelines with the Roth Hill casino project in Natchez, the latest one has been pushed back. Led by Kentucky-based Premier Gaming Group, developers of the $45-million land-based casino planned for five acres on the banks of the Mississippi River hoped to forge an extension to the lease option agreement that has been in place for more than ...

Read More »

Designing a tax benefit

Firms starting to take advantage of Section 179D Design firms have been offered an attractive federal tax benefit for “green” upgrades to publicly owned properties for more than a half-decade now, but relatively few entities in Mississippi and across the country have taken advantage of Section 179D of the IRS Code. One of the primary reasons for the lack of ...

Read More »

Cash refunds go to historic preservation projects

Legislation giving developers cash refunds for historic restoration projects of at least $1 million cleared the Mississippi Senate last week. Though the legislation calls for cash outlays by the state, supporters of the bill say the state ultimately will save money. By giving the cash refunds in back-to-back years, the state pays the holder of the tax credit 75 cents ...

Read More »

Charitable contributions law passes

This month the Mississippi Public Service Commission unanimously ruled from the bench that utilities can no longer use their customers’ money to donate to charities. “They can, however, allow customers to donate money on a voluntary basis through a check box on their bills. No longer will they be able to raise power or gas bills to give money to ...

Read More »

New life, new money for resurgent Cadence

Cadence National Bank has begun a new life as a privately owned institution flush with an additional $100 million in capital and freedom from a $44-million Troubled Asset Relief Program, or TARP, debt. “We’re going to do some things. It’s fun having money,” said Mark Abernathy, who took over as CEO for Lewis Mallory Jr. after Cadence’s acquisition by Houston ...

Read More »