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MBJ FEATURE

New natural gas well being drilled

A Houston, Texas-based company broke ground last week on a $13.5-million natural gas well project near Natchez. Mainland Resources is the only company in Mississippi currently drilling for natural gas in rock called shale at a depth of 22,000 feet. The company hopes its Burkley Phillips No. 1 well in the Buena Vista Prospect will be successful and followed by ...

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Study: Drilling stoppage to cost state $8.4M

The Obama administration’s six-month moratorium on oil and natural gas drilling in the Gulf of Mexico could mean an $8.4 million decrease in state and local tax revenues for Mississippi, according to a new study. The study released by LSU professor Dr. Joseph Mason examined 33 deepwater rigs in the Gulf, from which the United States gets approximately 10 percent ...

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Potential employees gear up for Blue Springs

ICC sees surge in enrollment for courses relating to skills needed for 2011 Toyota opening In early 2007, when Toyota announced it was building a manufacturing facility in Blue Springs, the company cited Northeast Mississippi’s workforce as one of the big reasons that the area landed the project. Now that Toyota has made known its plans to start building Corollas ...

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Should I-69 go through Greenville?

Million-dollar bridges to be within 30 miles of each other, but other options involve politics As the new U.S. 82 bridge over the Mississippi River near Greenville opens this week, pre-construction work continues approximately 30 miles to the north on the new Interstate 69 bridge at Mounds (or Eutaw) Landing just west of Benoit. The Interstate 69 bridge’s close proximity ...

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Analyst: Hitachi is treading on thin ice with parts interruption

  Nissan plants in Canton and Tennessee forced to close for three days due to shortage of parts from supplier; financial impact not disclosed   The Nissan plant in Canton started up again last Tuesday morning after sitting idle for three days due to a part shortage from a supplier in Kentucky. According to spokesman Steve Parrett, Nissan got word from ...

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Fired Parkway CFO sues, alleges fraud

The former CFO of Parkway Properties has sued the company for wrongful termination in Hinds County Circuit Court and also alleges the company engaged in fraudulent activities. Parkway denies the accusations. J. Mitchell Collins said in his complaint that he announced his resignation in January with an effective date of March 1. Parkway fired him in February. Collins has also ...

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Yacht-builders building oil-fighting fleet

Belt skimmer contracts offer short-term boost to bottom line As in all disasters, the Gulf oil spill has created opportunities for some Mississippi businesses. Two yacht-builders on the Coast recently picked up some much-needed work when they were commissioned to build belt skimmers that will operate in Mississippi waters. The contracts will offer at least a short-term boost to Overing Yachts ...

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Reality check

Advance Mississippi touts state as one of top options in the nation for biomass energy, but Strategic Biomass Initiative director says its could be years before technology is available Mississippi has 19 million acres of forests, a number that constitutes an 18 percent increase from 30 years ago. The timber and undergrowth it produces are ideal materials for the production ...

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In The Red?

Politicians spar over Chinese government investment in steel mill   In Oct. 2008, Steel Development Co. broke ground on a $200-million rebar facility in Amory that would ostensibly employ 175 people in a region that badly needs jobs to replace the ones lost in the furniture manufacturing industry. Since then, though, the recession has ground construction a halt, and there ...

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Jackson Medical Mall gets into housing business

Foundation broke ground on new facility last week   The Jackson Medical Mall Foundation is getting into the housing business. The Foundation broke ground last week on a nearly $3-million development of 24 affordable and green, single-family homes in the Homestead Heights neighborhood at the intersection of Prosperity and Easy streets off Woodrow Wilson Drive. Foundation director Primus Wheeler said ...

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