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Author Archives: Ted Carter

Madison supervisors receptive on conference center proposal

By TED CARTER Supporters of a Madison County conference center got a green light Monday from county supervisors to begin working with key county officials on ways to cover the $13.8 million to $18 million cost of a 63,000 square-foot center. Supervisors also suggested supporters decide the most suitable location for both the center and a privately funded, 200-room hotel to ...

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Getting even in the metro: Commercial real estate supply & demand reaching equilibrium

By TED CARTER Metro Jackson’s commercial real estate market is headed toward a balance lost nearly a decade ago in the aftermath of Katrina and the Great Recession that followed a couple years later. The apparent return of market balance to the metro office, industrial, retail and lodging sectors is among the findings in the 2015 Midyear Viewpoint prepared by Integra ...

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MEC transportation task force on track to wrap up work in late fall

By TED CARTER Congress’ failure to renew federal highway funding beyond the next three months is not expected to keep a Mississippi Economic Council transportation task force from delivering an assessment of the state’s transportation needs and how to pay for them. Supporters of decreasing the state’s $2 billion road & bridge maintenance backlog are counting on the task force’s assessment ...

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Bankers urge Congress to halt easing of credit union business loan rules

  By TED CARTER  The National Credit Union Administration is usurping Congress in its proposal to loosen restrictions on credit union business lending, the nation’s two major banking advocacy organizations say. Banks and the tax-exempt credit union industry have decades of strife behind them. But after the banking crisis of the last decade and the stringent regulations that followed it, ...

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Credit union regulator moving to ease business lending rules

By TED CARTER Lawyers for the credit union industry say the National Credit Union Administration’s proposal to loosen business lending rules for the industry amount to a deserved removal of its training wheels. Bankers, to the surprise of no one, including the membership of the Mississippi Bankers Association, are not happy. They see the proposals as an encouragement for reckless lending ...

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Room to learn: USM’s Scianna Hall opens for business next week

By TED CARTER The University of Southern Mississippi’s College of Business is making a giant leap into the future with the start of classes Aug. 19 in Scianna Hall, a $34 million addition to the Hattiesburg campus. The opening of the building just south of the university’s football stadium culminates several years of fund-raising followed by a couple years of construction. ...

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Bryant orders contracting reforms in wake of Epps, McCroy scandal

State agencies will be forced to operate more openly in advertising, amending and awarding contracts, Mississippi Gov. Phil Bryant says in a issuing a pair of executive orders Thursday on state contracting. The orders also mandate increased professional knowledge of contracting among Mississippi Department of Corrections contract workers. One of the orders, Order 1362, requires agencies posting contracts online to ...

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Madison County supervisors to hear new proposals for conference center

By TED CARTER The push for a conference center and privately funded hotel in Madison County has been mostly dormant the past 10 years. That could end Aug. 17 when the Board of Supervisors takes up a resolution to support a proposal from the county’s Economic Development Authority to explore a partnership with Holmes Community College for building a 63,000-square-foot center ...

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Mississippi economy in slight rebound after 2 years of recession

By TED CARTER Several years after Washington declared the Great Recession over, Mississippi continued to endure its consequences, finishing both 2013 and 2014 with a shrinking economy. That tough stretch appears to be over, with the state’s economic negativity turning positive in the second quarter of 2015, state economists say. With 2013 and 2014 included, Mississippi has had a deficit in ...

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