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Author Archives: Ted Carter

UPDATED: State moves to close down payday lender All American, heavily fine owner

By TED CARTER State banking regulators say they are ready to shut down Madison payday lender All American Check Cashing’s 43 stores and fine owner Michael Gray $3 million for illegal loan rollovers and other offenses. The penalties stem from what the Mississippi Department of Banking and Consumer Finance says are “numerous violations” of both the state’s Check Cashers Act ...

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COMMERCIAL REAL ESTATE — Mixed results ahead for office, industrial and hotel markets

By TED CARTER Certain segments of metro Jackson’s office, hotel and industrial warehouse markets are heading into a promising year, but other segments of the same sectors won’t shake the remnants of the Great Recession. That’s a key forecast included in Integra Realty Resources/Jackson’s tri-county market “Viewpoint” for 2016. Stabilized rent rates and fewer vacancies are ahead for metro Jackson’s suburban ...

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Flowood retail center gets extra time to qualify for sales tax rebates

By TED CARTER A Louisiana real estate developer has received a four-year extension to qualify for $48.7 million in Mississippi sales tax rebates by completing a retail center on Lakeland Drive in Flowood. The rebate for the $165 million Pinelands Lifestyle Center would come from a defunct state incentives program for new retail centers that offered Mississippi-themed amenities. Legislators declined to ...

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UPDATED: American cancels Jackson-to-Charlotte flights as massive blizzard arrives

Winter weather conditions have already begun to impact flights to and from the Jackson-Medgar Wiley Evers International Airport. Weather conditions are likely to cause system disruptions throughout the weekend. American Air Lines reports all flights serving Jackson to and from Charlotte-Douglas International Airport have been cancelled for Friday.   Passengers are advised to contact their airlines directly to monitor any changes to ...

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Developers of The Fondren ready for spring start on hotel tower

By TED CARTER The nearly 60-year-old Kolb’s Cleaners building and modern architecture it represents will spend the decades to come as the entrance and lobby of a nine-floor hotel. The matchup of the hotel and the dry cleaners building is architect and developer Roy Decker Jr.’s idea. He says the building that sits back off North State Street at Mitchell Avenue ...

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UM’s Center for Innovation and Entrepreneurship declared nation’s Best Emerging Program

By TED CARTER Ole Miss football isn’t the university’s only up-and-comer on the national stage. While Hugh Freeze and his coaching crew have instilled the kind of excellence that gave the football team victories in consecutive years over the likes of the Alabama Crimson Tide, mentors at the University of Mississippi Center for Innovation and Entrepreneurship have excelled at helping students ...

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OSHA cites Corinth company for 11 violations after accidents

One of Corinth’s largest manufacturers, the 160-employee Mississippi Polymers Inc., has been hit with a $56,300 fine after the U.S. Department of Labor’s Occupational Safety and Health Administration cited the company for 11 serious safety violations. The citations issued Jan. 14 say Mississippi Polymers exposed its workers to unguarded machinery and other safety hazards, OSHA said in a press notice ...

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Former Bryant chief of staff Lucien Smith returns to Balch & Bingham

Lucien Smith, Gov. Phil Bryant’s former chief of staff, has joined Balch & Bingham’s Jackson office as a partner in the Governmental Relations Section. Smith brings lengthy experience in government relations  from  serving as counsel to multiple Mississippi governors, as well as experience in business and financial litigation. Before working with Gov. Bryant, Smith was an attorney in Balch’s Jackson ...

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