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MBJ FEATURE

For students, SEP competition means getting down to serious business

Regional qualifying has been completed for next month’s Statewide Business Plan Competition in Hattiesburg organized by the Southern Entrepreneurship Program, an arm of the University of Southern Mississippi’s Center for Economic and Entrepreneurship Education. Thirty juniors and seniors from 17 high schools across Mississippi will gather May 9 at USM’s Trent Lott National Center to present their plans for achieving ...

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Singing River Health Systems plans to request bond money for EMR system

Singing River Health Systems in Pascagoula has plans to ask Jackson County to float a $37.5-million bond issue, mostly to pay for the purchase and implementation of electronic medical records (EMRs) and diagnostic cross-reference systems. It could be the start of a trend for county-owned hospitals across the State of Mississippi. A combination of money available through the American Recovery ...

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Trustmark sees acquisition of Heritage as key to filling in Highway 16 gaps

With capital accumulating, Trustmark National Bank has been hunting for acquisitions to expand its footprint, but the regional bank didn’t go far from its Jackson headquarters for the prey it bagged April 15. At 6 p.m. that day, regulators shut down Carthage-based Heritage Banking Group’s nine locations and turned them over to Trustmark, a publicly held regional bank with operations ...

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FIGHT GOES ON

Federal regulators have reached an initial settlement with the nation’s largest banks, but the deal will not stop a 50-state coalition of attorneys general from pursuing answers and possible penalties relating to a wave of flawed foreclosures that swept the country last fall, says Iowa Attorney General Tom Miller, leader of the AGs coalition. The settlement does not impose financial ...

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“We’re really, really close”

The $70-million CottonMill Marketplace mixed-use development in Starkville is as close to happening as it ever has been, according to one of the developers. “We’re finishing up the last few details of financing,” Mark Nicholas, of Ridgeland-based Nicholas Properties, said last week. “We continue to work toward finishing that up, and we believe we’re really, really close.” Nicholas didn’t have ...

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Bogus busting boost

Years ago when Jay Moon served as deputy director of the Mississippi Development Authority, he often accompanied Mississippi manufacturers on trade missions to foreign countries. These goods-makers would drop in on establishments there to check on how their products were being handled and marketed. Many times manufacturers were shocked at what they found. “Manufacturer would often see their products in ...

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Sweet potato industry planning for future disasters

Two years removed from the worst disaster they had ever experienced in history, the state’s sweet potato growers are brimming with optimism. Perhaps more than a half-dozen farmers will put in a crop this year for the first time, and market prices are solid. Still, growers learned a lesson from 2009, when adverse weather wiped out roughly 70 percent of ...

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Cash is newest historic preservation incentive

Mississippi legislators say legislation passed this session will put more money into historic preservation and at the same time save the state money. The new law returns $250,000 to developers for every $1 million invested in a qualified historic preservation project. The measure caps allocations at $60 million, though legislators involved in formulating the bill do not expect the outlays ...

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No longer languishing?

Jackson’s Old Capitol Green District seems to make it to the starting line only to stall there. A recession that won’t go away as well as the massive scope and costs have created doubts the district will be transformed into a $1.1-billion mix-use community anytime soon. But a key executive of Full Spectrum of New York’s development team insists financing ...

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Curtain expected to rise soon on Farish Street’s second act

The thrill may be just starting, developers of the Farish Street Entertainment District say as they prepare for what they expect will be a late summer or early fall opening of a B.B. King’s Blues Club in the district. That first lease, says Watkins Development, should be followed in rapid succession by four more lease signings. “We want to have ...

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