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Author Archives: Ted Carter

MISSISSIPPI 100 — State’s entrepreneurs have had success, but mistakes may await

By TED CARTER Mississippi has a lengthy history of growing small private businesses into huge ones, a track record economic development professional Robert Ingram attributes to a combination of risk-takers, nurturers and possibly “something in the water.” “Mississippi has done a tremendous job of creating entrepreneurs and growing them into major players in the field,” says Ingram, a semi-retired economic development ...

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State economists lower growth forecast for rest of year

  By TED CARTER Mississippi’s state economists have pulled back on an already-weak economic forecast for the rest of 2016, projecting that the state’s economy will grow only 1.5 percent instead of the 1.6 percent previously predicted. The new report from state economists includes at least some good news on jobs, forecasting a 1 percent increase in payroll employment for the ...

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First Bancshares plants flag in Florida, Louisiana with new acquisitions

By TED CARTER Hattiesburg’s First Banshares first envisioned a market that stretched from Baton Rouge to Pensacola seven years ago. The $1.2billion holding company parent of The First reached that goal last week with agreements to acquire Iberville Bank in a cash deal and Gulf Coast Community Bank in an all-stock transaction. The acquisitions carry a value of $33.3 million, with ...

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Madison County doing full assessment of economic development before hiring new chief

By TED CARTER Madison County officials say they expect to fill a vacant executive director position at the county Economic Development Authority sometime in the spring. Officials say they must first complete a public-private collaborative “visioning” process for the development authority before filling the post Tim Coursey left in April. In the meantime, Ken Oilschlager will continue guiding the agency on ...

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Developer of Madison mixed-use project mulls hotel, conference center

By TED CARTER Developers of a yet-to-be-announced mixed-use project in Madison County have agreed to consider adding a hotel and conference center to their plans. The Madison County Economic Development Authority and business leaders have been pursuing the hotel and conference center the past couple of years, after having originally raised the idea 13 years ago before concluding costs and projected ...

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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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