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Tag Archives: recovery

SBA disaster assistance available as death toll climbs to 14

ACROSS MISSISSIPPI — U.S. Small Business Administration’s Administrator Maria Contreras-Sweet says the SBA is ready to assist businesses after the announcement of the presidential disaster declaration for several counties in Mississippi affected by severe storms, tornadoes and flooding from last Monday’s storms. The disaster declaration covers the counties of Itawamba, Lee, Lowndes, Madison, Rankin, Wayne and Winston in Mississippi, which ...

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Foresters expecting another year of healthy recovery

ACROSS MISSISSIPPI — Evidence of a healthy national economy may be found in the strength of the timber industry. Forestry is a billion-dollar industry in Mississippi and the state’s second-largest agricultural commodity. A depressed national economy in recent years had negative impacts on housing construction and furniture manufacturing, which hurt the forestry sector, but industry experts are seeing signs that ...

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Beauvoir finally rid of Hurricane Katrina's destruction

BILOXI — Visitors arriving today at Beauvoir, the last home of the president of the Confederacy, will be greeted inside the new Jefferson Davis Presidential Library. For nearly eight years, the first building guests at Beauvoir have seen coming through the gates is a FEMA trailer, a reminder of Hurricane Katrina. “We have been working to get into the building ...

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Entergy: Isaac's costs run $400M-$500M

NEW ORLEANS — Entergy Corporation has released an update on preliminary financial effects, liquidity resources and recovery initiatives after Hurricane Isaac. Total restoration costs for the repair and/or replacement of the electrical facilities in areas with damage from Isaac are estimated to be in the range of $400 million-$500 million. Each utility company is responsible for its restoration cost obligations ...

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More disaster assistance centers open for Isaac victims

MISSISSIPPI GULF COAST — The U.S. Small Business Administration has opened two more Business Recovery Centers, bringing the number of centers to three. These temporary centers are designated to provide one-on-one help to business owners seeking disaster assistance for losses caused by Hurricane Isaac. The centers are: • Hancock County — Hancock Chamber of Commerce, 111 Court Street, Bay St. ...

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Fire destroys cabinet shop; owner says business will reopen

D’IBERVILLE — The owner of a D’Iberville cabinet shop that was destroyed by fire says the family business will be operating again soon. Bobby Grimes Jr., made the vow yesterday after the fire destroyed the Grimes Cabinets & Tops building. The Grimes family already has a building ready to house the business. They built it in 2005 after their original ...

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A thoughtful pause — Coast cities reflect and recover with multiple projects

Coast cities reflect and recover with multiple projects Many residents and officials will pause to observe Sunday’s fifth anniversary of Hurricane Katrina. Among them will be mayors of the Coast’s 11 municipalities who can measure the progress of recovery by looking back at the tremendous tasks after Aug. 29, 2005. Pascagoula Mayor Robert Maxwell says the greatest loss sustained by ...

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Dow closes above 10,000 for first time in a year

The Dow Jones Industrial Average closed above 10,000 today for the first time in a year in what some analysts are saying could be a good sign the overall market is recovering from the nearly two-year-old recession. “This rally is real,” said Clark Smith, a partner at Woodridge Capital in Jackson. “There’s no doubt it’s real.” The 30-stock index bottomed ...

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Burlington Northern Santa Fe to expand

Burlington Northern Santa Fe (BNSF) will complete a $200 million intermodal expansion later this year, and it is expected to have a positive economic impact on the Memphis-area industrial market.  The expanded operations, which include additional railroad tracks and electric cranes for stacking containers, could begin as early as October 1. The expansion could impact the industrial market by helping ...

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