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Author Archives: Ted Carter

EastGroup jumps up to S&P MidCap 400 Index

Ridgeland industrial real estate investment trust EastGroup Properties Inc. is the newest listing on the S&P MidCap 400 Index, S&P says. The listing of EastGroup Properties (NYSE: EGP) will be under the Standard and Poor’s says MidCap 400 Global Industry Classification Standard Industrial REIT’s Sub-Industry index. Elevation from the S&P SmallCap 600 comes after multi-year growth in developing warehouse distribution ...

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Showing a ‘hole’ lot of promise

» Pipe Planner key to cutting Delta irrigation levels by 20 percent By TED CARTER Name buzz for no-cost irrigation software Pipe Planner is likely be zero outside of Mississippi and neighboring Delta states, but it figures prominently in plans for sustaining imperiled agricultural water supplies in Delta regions. With the web-based program, growers save water and energy through more-precise ...

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‘Final mile’ leads to profits for EastGroup

By TED CARTER mbj@msbusiness.com Jackson’s EastGroup Properties has discovered just how lucrative the “last mile” can be in the warehouse logistics business after deciding two decades ago to concentrate fully on building, buying and leasing business warehouse space across America’s Sunbelt. “Be quick or be broke” is the mantra of most tenants of EastGroup Properties as the tenants compete in ...

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An Approaching Presence: EastGroup 7th among U.S. REIT money makers

By TED CARTER mbj@msbusiness.com Sustained success leasing 42 million square-feet of warehouse distribution space in fast-growing Sun Belt markets has made Jackson real estate investment trust EastGroup Properties one of the nation’s best bets for a strong return on a REIT investment, rankings show. The enterprise that Jackson real estate investor Leland Speed established nearly 30 years ago has reached ...

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New OT threshold ‘palatable’ to hospitality industry, others

By TED CARTER New proposed federal worker overtime rules that would mandate time-and-a-half pay for many workers earning less than $35,308 annually would force Mississippi restaurants and other businesses to dig deeper to cover payroll. But businesses can still avoid paying overtime to executive, administrative or professional employees who spend less than half their work time on non-managerial tasks. The ...

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Filmmaking rebate requires ‘roots’ in Mississippi

By JACK WEATHERLY A key incentive in the state’s film industry was allowed to expire two years ago after research by a legislative committee showed that 51 cents of every taxpayer dollar produced only 49 cents. In other words, it was investment loser. So the rebate of 25 percent on payroll for out-of-state cast and crew was allowed to sunset ...

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Braves want to win hearts as 15th anniversary season begins

By TED CARTER A Wikipedia report has it that at least a dozen Jackson Mets players wed young ladies they met while in Jackson. That’s a lot of love. That the game was played on a diamond probably didn’t hurt. And with both love and baseball blooming in the spring, the Mississippi Braves are throwing in a diamond ring of ...

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A Shuck Nation is born as Biloxi Shuckers embark on 4th year

By TED CARTER A Shucker uprising at the turnstiles requires a Shuck Nation. So goes the thinking from the winter brain storming of the Biloxi Shuckers on strategies for filling up MGM Park, the baseball venue adjoining MGM’s Beau Rivage Resort & Casino. The idea is to make the product stickier. In the Shuckers new world, you make “sticky”  by ...

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Coast sees rising visits as it rebrands region as a ‘secret’ to discover

By TED CARTER Hey, look down here. We’re the Mississippi coast. Coastal Mississippi’s visitor and convention bureau officials have revamped their promotion efforts to recognize a shortcoming they say has become far too clear: Too few potential visitors know about the Magnolia State’s 62 miles of white sand shoreline. Coastal competitors don’t seem to share the same obscurity, says Coastal ...

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LaborChex flourishing in fast-growing employment background screening industry

By TED CARTER You can still get hired in a New York Minute – or something close to it. The difference is that nowadays the person doing the hiring knows a lot more about you and can set expectations accordingly, says Ricky Rayborn, a principal and president of LaborChex Inc., a Brandon employment background screening company that did its first ...

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