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MBJ FEATURE

Smart cities using tax increment financing

Hattiesburg development another example, like Ridgeland’s Renaissance, of the growing trend to use TIF to secure large retail projects A new $30-million retail development in western Hattiesburg is expected to close in August. The Ridge at Turtle Creek, which will be on U.S. 98 West next to Target, is another example of the growing trend of cities using tax increment ...

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Sweet-er potatoes

With weather on their side, so far, growers are looking to rebound from disastrous 2009 So far, so good. Mississippi’s sweet potato growers aren’t ready to celebrate yet, but the 2010 growing season is off to an excellent start — maybe the best ever. If those conditions hold, many farmers might just survive the worst times in the growers’ history. “This ...

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New bridge, new opportunities

U.S. 82 structure across Miss. River at Greenville alleviates bottleneck On July 26, officials will cut the ribbon on the new U.S. 82 Mississippi River Bridge at Greenville, a nine-year construction project that is expected to create new intermodal opportunities for the Delta and alleviate the worst transportation hazard on the lower river. The ceremony starts at 10 a.m. “Nobody ...

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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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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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