Home » MBJ FEATURE (page 682)

MBJ FEATURE

Governor calls for small business bailout

Barbour, MDA’s Swoope tell business leaders that previous program was met with a good amount of success Part of the effort in the financial recovery from Hurricane Katrina included a state program that guaranteed portions of loans for small businesses trying to get back on their feet after the storm. Gov. Haley Barbour and Mississippi Development Authority executive director Gray ...

Read More »

LLC reform legislation expected

Secretary of State has long known that many limited liability corporations are not above board The result of eighteen months’ worth of work by a committee put together by Secretary of State Delbert Hosemann to study the state’s limited liability company laws will soon start making its way through the Capitol in the form of reform legislation. Hosemann, who was ...

Read More »

The end of tort reform?

Case before Supreme Court challenges Mississippi’s 2004 law A case that could repeal 2004 tort reform law capping non-economic damage awards at $1 million is pending before the state Supreme Court, and more than 50 parties have filed briefs supporting or objecting to the appeal. Mississippi’s tort reform laws, some of the most comprehensive in the nation, put an end ...

Read More »

German pipe maker finally commits to state

Project’s cost will eventually reach $300 million; first phase will require an investment of $80 million and create 200 jobs Gov. Haley Barbour announced last week that Wilh. Schulz GMBH has selected Tunica County as the site for its first manufacturing facility in the U.S. The facility, which carries a price tag of $300 million, is expected to create 500 ...

Read More »

Banks fight for title company inside info

Institutions entitled to ‘historical relationship’ between Charles Evans Jr. and MVT In federal bankruptcy court in Jackson Dec. 30, state banks fought with Mississippi Valley Title Insurance Company (MVT) for the release of the title company’s internal audit procedures. Banks want the knowledge of how and when MVT discovered that one of its approved attorneys, Jackson area resident Charles Evans ...

Read More »

Cracking down on payday lenders

Legislators could follow lead of Western states by enacting new set of regulations on industry Arizona will join a handful of Western states this year in proposing legislation that enacts a new set of regulations on the title loan and payday loan industry, if not eliminate it all together. In Mississippi, lawmakers will make the most noise over the process ...

Read More »

State biodiesel industry in danger (UPDATE)

  Without federal subsidy, most Mississippi plants will have to shut their doors in 2010 Congress failed to renew the $1-per-gallon biodiesel tax credit on Dec. 31, 2009, and biodiesel plants across the country are shutting down. The tax credit has been in effect since 2005. Senate leaders plan to pursue an extension of the credit sometime this spring. Experts ...

Read More »

Let the (political) games begin

State lawmakers face stiff challenge in hammering out state budget agreement There will be an 800-pound gorilla lingering in the Capitol when lawmakers convene this week to start the 2010 legislative session, and it will be made of money. The state will have roughly $4.48 billion to dole out to state agencies and departments in fiscal year 2011, whose spending ...

Read More »

Farmers' hopes dim

House doesn’t act on disaster relief bill While lawmakers in both houses of Congress managed to hammer out healthcare reform legislation before the Christmas break, some “ailing” Mississippians — the agriculture community — were left wondering if any help was coming their way. Certainly, the current prognosis is bleak. The U.S. House of Representatives left Washington without passing disaster assistance ...

Read More »

United Healthcare set to take over CHIP

Approximately 67,000 Mississippi children currently are enrolled in the program The state’s youth healthcare program will have a new insurance provider beginning at midnight on Jan. 1, 2010. Approximately 67,000 Mississippi children currently enrolled in the Children’s Health Insurance Program (CHIP) administered by the state division of Medicaid will transfer to coverage provided by UnitedHealthcare of Mississippi. Blue Cross Blue ...

Read More »