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Tag Archives: U.S. Treasury Department

U.S. Treasury Department awards Mississippi more than $4.4 million in state small business credit initiative funds

The U.S. Treasury Department has awarded Mississippi more than $4.4 million in State Small Business Credit Initiative funds, which will be disbursed by the Mississippi Development Authority. The funds will assist the state’s small businesses with accessing the capital needed to grow and create jobs. To date, more than $13 million in SSBCI funds have been allotted to MDA to ...

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Treasury okays rule for dividing oil spill recovery trust funds

GULF COAST — The U.S. Treasury Department says it has cleared the way for Gulf Coast state and local governments to begin applying for recovery grants through a federal RESTORE Act trust fund fed with civil penalties arising from the 2010 BP oil spill. A department statement says that, so far, the trust fund has $653 million. That figure is ...

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Former bank president turns to regulation as new commissioner

Jerry Wilson figured to spend the first six months of his retirement as president and CEO of BankFirst clearing his noggin of 43 years of banking clutter. Good thing he didn’t quite finish the clearing. He’ll be calling on that four-decades of banking knowledge daily in his new job as Mississippi banking commissioner. The 67-year-old Wilson, an Alva native and ...

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Miss. could get $13.2 mill for small businesses

WASHINGTON, D.C. (AP)–In an effort to loosen loans for small businesses, Mississippi could get up to $13.2 million from a newly created $30 billion fund, the U.S. Treasury Department said Friday. The fund is part of a bill to aid small businesses and encourage hiring signed by President Obama on Sept. 27. Under the new State Small Business Credit Initiative, ...

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