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Author Archives: Ted Carter

Metro Jackson emerging as force in advanced manufacturing automotive category

By TED CARTER Jobs in the metro regions of Jackson and Nashville relating to the automotive industry grew faster than anywhere in the country the past two years, a Brookings Institution analysis of advanced manufacturing found. Metro Jackson’s strong growth in auto-related manufacturing was enough to place it third nationally for growth in overall advanced manufacturing, behind only San Francisco and ...

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Lawyers for or apartment complexes, residents not ready to back off suits

» Lingering questions after HUD’s Ridgeland settlement could keep litigation alive By TED CARTER Ridgeland’s Fair Housing Act settlement with the U.S. Department of Housing and Urban Development does not end private litigation that arose in the past 18 months over the City’s effort to displace thousands of residents from multi-family rental complexes. A lawyer for several Ridgeland rental complexes says ...

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(UPDATED) Ohio shopping center company buys Lakeland Commons

  By TED CARTER A Beachwood, Ohio shopping center company is the new owner of Lakeland Commons, a fully occupied 460,000 square-foot retail center in the heart of Flowood’s thriving retail corridor along Lakeland Drive. The acquisition is the first in Mississippi for Chase Properties Ltd., which has retail centers in the Midwest, and the Southern and Eastern United States. ...

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UPDATED: HUD forces Ridgeland to cease effort to eliminate rental housing complexes

Federal housing agency charged City sought to displace minority residents   By TED CARTER In a move that lets Ridgeland avoid Fair Housing Act violation penalties from the U.S. Department of Housing and Urban Development, city officials have agreed to scrap provisions of a 2014 zoning ordinance that could have forced more than a dozen rental apartment complexes out of business. ...

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Rating firms’ visit will assess state’s bonding strength after setbacks

By TED CARTER Representatives of the nation’s three major credit ratings agencies will be in Jackson later this month to begin grading the credit strength of the state’s approximately $562 million general obligation bond for fiscal 2016-2017. The visit comes after Fitch Ratings Service recently downgraded the state’s current general obligation and revenue bonds and Moody’s put a “negative” outlook on ...

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Hederman Bros. moving to Gluckstadt printing plant

By TED CARTER The more than 125-year-old Hederman Brothers Printing and its 90 workers will soon pack up for a move from Ridgeland to a new home in Gluckstadt. At about 50,000 square feet, the building Hederman Brothers will occupy fronting the east side of Interstate 75 is smaller than the approximately 70,000- square-foot building the company has occupied in Ridgeland ...

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Hederman Brothers orders one of fastest six-color printing presses

By TED CARTER Ridgeland’s Hederman Brothers Printing is awaiting delivery of what manufacturer KBA of Dallas calls one of the world’s finest printing presses. The Rapida 106 41-inch six-color press plus coater can print 20,000 sheets an hour, said Eric Frank, KBA spokesman. “It has the most automated processes to reproduce very high quality color at the fastest of speeds,” Frank ...

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Metropolitan adds group to help developers move to permanent loans

By TED CARTER Ridgeland’s 9-year-old Metropolitan Bank is adding to its niche specialty in commercial lending with creation of a division designed to help developers transition from short-term to long-term loans. Metropolitan Capital Advisors, the bank’s new business advisory group, provides a new tier of specialized advisory services to both bank and non-bank clients involved in construction and development projects, said ...

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