Posts Tagged ‘NEWS’

Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal

Home Corporation Executive Director Scott Spivey was named the Under 40 Business Person of the Year Friday by during the Top 50 Under 40 luncheon in front of nearly 500 at the Hilton Hotel in Jackson. Previously named the Top 40 Under 40, the MBJ expanded the event this year and, for the first time, […] [...]

Hattiesburg bank earnings rise to $1.9 million

Hattiesburg-based First Bancshares Inc. announced on Thursday that its net earnings for the first quarter were $1.9 million, or 36 cents per share, compared with $1.3 million, or 25 cents for the corresponding quarter in 2014. Assets grew by 4.8 percent to reach $1.1 billion as of March 31. Loans stood at $716 million, up […] [...]

MDA to close all its regional offices

The Mississippi Development Authority will close all eight regional offices around the state effective June 30. Eleven positions will be eliminated, 10 of which are currently filled, said Jeff Rent, public relations and media manager for the agency. The offices are located in Senatobia, Tupelo, Greenwood, Meridian, Summit, Hattiesburg and Gulfport, as well as Jackson. […] [...]

Hosemann to launch crowd funding program

By JACK WEATHERLY  Crowd funding has been around for a few years. Sometimes it’s a shop that’s about to go under. Someone sends out the rallying cry and the money pours in, sometimes. And maybe there is a lasting benefit, maybe not. But the phenomenon has become more varied. And in some cases more sophisticated, […] [...]

SELENA SWARTZFAGER: Students best prepared by Master Teachers of Economics

Last week, 20 teams from 18 schools from throughout Mississippi competed, flexing their intellectual muscle and testing their economic knowledge at the state Economics Challenge.  In its 12th year and made possible by BankPlus, Blue Cross & Blue Shield of Mississippi, State Farm, Millsaps College, and Security Ballew, Inc. and delivered by the Mississippi Council […] [...]

CFPB wants repay ability at center of new payday loan rules

By TED CARTER Drawing from a doctrine applied to new rules for residential mortgages, the U.S. Consumer Financial Protection Bureau is proposing that payday lenders verify a borrower’s ability to repay before making a short-term, low dollar loan. Payday lenders now require that borrowers have both a source of income and an active checking account. But […] [...]

Bids on reworking Interstate 55 stretch are rejected

By JACK WEATHERLY  The Mississippi Department of Transportation has rejected all design-build proposals submitted for the Interstate 55 project that is from the I- 20 interchange and Byram. “After reviewing bids received April 17, it was determined the lowest bid had several major errors and could not be awarded,” MDOT Executive Director Melinda McGrath said […] [...]

Terminal upgrade on indefinite hold at Jackson International Airport

By TED CARTER Jackson Medgar Wiley Evers International Airport has shelved indefinitely a nearly $40 million renovation of its terminal and security check-in stations. Behind the project’s axing is management’s conclusion that the airport’s best fiscal strategy for the moment is to make money rather than spend it now and hope for a future payoff. […] [...]

Judge OKs Westin funding, cites ‘public purpose’ in tax money as debt collateral

by Published: April 21,2015

Tags: Business, Don Hewitt, Hinds County, JACKSON, Mississippi, NEWS, Westin

By TED CARTER Hinds Chancery Judge William Singletary on Tuesday approved allowing $10 million of Jackson tax money to help backstop the debt for a $60 million Westin hotel planned for downtown. In giving a nod to a contribution agreement that pledged the public money, Singletary rejected local developer Don Hewitt’s argument that Mississippi Constitution prohibits […] [...]

$134M proposed for 10 BP-funded oil spill recovery projects

JACKSON — State and federal officials overseeing $1 billion provided by BP PLC to spur recovery from the 2010 Gulf of Mexico oil spill said Monday that they’re proposing another 10 projects totaling $134 million. About $700 million to repair environmental damage and enhance recreational access has been allocated previously, although some of that work […] [...]

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