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Posts Tagged ‘small businesses’

SBA loans available to victims of drought

BENTON COUNTY and MARSHALL COUNTY — The U.S. Small Business Administration’s economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Benton and Marshall counties in Mississippi as a result of drought and excessive heat that occurred from [...] [...]

Deadline nearing for SBA disaster recovery loans

ACROSS MISSISSIPPI — The U.S. Small Business Administration reminds private non-profit organizations (PNPs) in Mississippi that Jan. 30 is the deadline to submit Economic Injury Disaster Loan applications. The loans are available from the SBA because of the severe storms, tornadoes, high winds and flooding that occurred on April 15–28, 2011. Eligible non-critical PNPs located [...] [...]

Two counties declared disaster areas by SBA

ITAWAMBA COUNTY and MONROE COUNTY — The U.S. Small Business Administration announces today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Itawamba and Monroe counties in Mississippi as a result of the excessive rain, [...] [...]

HOPE approved as first Community Advantage lender

JACKSON — The U.S. Small Business Administration (SBA) has approved Hope Enterprise Corporation (HOPE) as its first lender in the Community Advantage Loan program in Mississippi. HOPE CEO Bill Bynum said, “For small, rural and minority entrepreneurs, financing can be the most elusive resource. With the Community Advantage program, we can help even more companies [...] [...]

Utilities hope PSC approves discounted rates for businesses

by Associated Press Published: November 30,2011

Tags: electricity, energy, gas, power, power bills, small businesses, state government, utilities, utility rates

JACKSON — A number of the state’s utilities are hoping lower power bills for their business customers will help those companies save money to grow their operations. With approval of the overall effort from the Mississippi Public Service Commission, five utilities are offering discounted power rates to smaller businesses. Participating utilities include Entergy Mississippi, Mississippi [...] [...]

Businesses secure more than $163M in federal contracts

by MBJ Staff Published: November 10,2011

Tags: defense, Entrepreneurs, entrepreneurship, federal government, military, minorities, small businesses

ACROSS MISSISSIPPI — In fiscal year 2011, more than $163.9 million in federal government contracts and modifications were awarded to Mississippi businesses certified in the U. S. Small Business Administration’s 8(a) and HUBZone Programs, according to the Federal Procurement Data System – Next Generation (FPDS-NG). This activity occurred Oct. 1, 2010 to Sept. 30, 2011. [...] [...]

Hyperion graduating from IDEAs, expanding

by MBJ Staff Published: November 9,2011

Tags: busines incubators, defense, expansion, manufacturing, military, plant, small businesses, state government

TUPELO — Hyperion Technology Group Inc. is graduating from the Renasant Center for IDEAs, the Tupelo/Lee County business incubator, and will expand into the former Ad Lab facility in Tupelo. The project represents a $750,000 company investment and will create 10 new jobs. 
 To support the expansion project, the Mississippi Development Authority (MDA) provided [...] [...]

SBA offering loans to drought-impacted businesses

ACROSS MISSISSIPPI — The U.S. Small Business Administration’s economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Mississippi as a result of drought and excessive heat that occurred from Jan. 1 – Aug. 30, 2011. “When the [...] [...]

SBA proposes change in definition of small business

WASHINGTON — Proposed rules published for comment in The Federal Register by the U.S. Small Business Administration would adjust the size definition of small businesses in 52 industries in two broad categories of businesses, ranging from travel agencies and movie production to waste management. The proposed adjustments to size standards in 15 industries in Sector 51 [...] [...]

SBA-Mississippi sets another quarterly record

JACKSON — The U. S. Small Business Administration Mississippi District Office has set another record for federal fiscal year 2011 (Oct. 1, 2010 to Sept. 30, 2011). A total of 749 loans were approved for Mississippi small businesses totaling a record $274,032,500. Janita R. Stewart, district director of the SBA in Mississippi, said, “We also [...] [...]

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