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Tag Archives: NEWS

On the short list: 11 states vying for Toyota-Mazda plant

By DENNIS SEID / Daily Journal Whether Mississippi is the leading contender for an automotive assembly plant jointly operated by Toyota and Mazda is the $1.6 billion question. The two Japanese automakers said earlier this month they plan to build the plant, which will build the Toyota Corolla and future Mazda crossover vehicles, by 2021. The facility, which requires at ...

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Analysis: Financial questions for 2 of 3 charter finalists

  Decision time is drawing near for Mississippi’s Charter School Advisory Board. While a proposed school in Clarksdale has an impressive list of supporters, those who want to open schools in Canton and Drew may face questions. The board decides once a year on new applications to open the alternative form of public schools, which are run by private nonprofits. ...

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BILL CRAWFORD — Will tax cuts ease economic distress and health disparities?

The 13-state Appalachian Regional Commission just released its latest county economic status rankings. Mississippi has 24 ARC counties with 12 ranked “distressed,” nine “at-risk,” three “transitional,” and none “competitive” or “attainment.” Rankings did not change from last year.   What do these rankings mean? ARC calculates the economic status of counties based on unemployment rates, per capita market income, and ...

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US stock indexes edge higher in afternoon trading

Technology companies led U.S. stocks slightly higher in afternoon trading Friday, recouping some of the losses from the day before. Investors welcomed new data showing U.S. inflation at the consumer level inched higher last month, suggesting that the Federal Reserve may be less likely to raise interest rates next month. That weighed on bank shares, which were down the most. ...

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Cartoonist Nobile creates his first book

After 20 years as the Mississippi Business Journal’s cartoonist, Ricky Nobile has created his first book — Homegrown, Home Drawn! 45 Years of Mississippi Editorial Cartoons. Nobile will be part of this year’s 2017 Mississippi Book Festival to be held on August 19th on the grounds of the Mississippi State Capitol beginning at 9 am where his book will be available under the ...

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ANALYSIS: Let’s take a data-driven look at another side of Nissan’s success story

  It’s no surprise that the union vote at Nissan’s manufacturing facility in Canton generated national headlines. This coverage culminated last week when workers voted 2,244 to 1,307 against the union. As I wrote in a recent column about millenials in Mississippi, there’s always another side to a story. I think one of the most compelling stories about Nissan has ...

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Coal mine layoffs latest fallout at Kemper power plant

DEKALB, Miss. — The company that supplies lignite coal to Mississippi Power Co.’s Kemper County power plant says it will lay off 75 workers at the mine. It’s the latest fallout from the suspending the part of the plant that was supposed to gasify coal and remove pollutants. Mississippi Power has said it could lay off 250 workers at the plant. ...

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DENNIS SEID: Toyota-Mazda partnership would benefit state, region

Toyota’s announcement Aug. 4 that it had signed a joint venture agreement with Mazda to build Corollas and other vehicles sent state and local leaders through a range of emotions – surprise, concern and hope. If you didn’t hear, the two Japanese automakers, which signed an agreement two years ago to work closer together, said they would build a $1.6 billion ...

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Toyota Mississippi production unaffected by Toyota-Mazda venture

By DENNIS SEID / Daily Journal BLUE SPRINGS – Toyota Mississippi officials said production of the Corolla at the Blue Springs plant won’t be affected by Friday’s announcement that Toyota will be building the vehicle at a new $1.6 billion assembly plant in which it is partnering with Mazda. A location for the plant hasn’t been decided, but the facility ...

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Reed’s store in Columbus closing next year

By DENNIS SEID / Daily Journal  COLUMBUS – After working with the Reed family for nearly five decades, Lex Jackson is retiring next year. And with his retirement will be the closing of Reed’s department store in the city. “Family businesses go through rhythms, and this is one of those,” said Jack Reed Jr., the president of the iconic department ...

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