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MBJ FEATURE

After latest exodus, what’s next?

Downtown Jackson leaders believe things have never been better for business district On the surface, it would appear that downtown Jackson is booming. There’s the opening of the Jackson Convention Complex and on-going restoration of the King Edward Hotel, both considered anchors of the city’s resurgence after years of playing second-fiddle to the mega-growth occurring in Madison and Rankin counties. ...

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State revenues are down 10 percent in September

State Economist Dr. Phil Pepper told the Joint Legislative Budget Committee a week ago that the long-term revenue outlook for the state was not very good. Well, the short-term forecast looks positively dreadful. September tax collection numbers surfaced last week, and they weren’t pretty. Overall, the state brought in $404.9 million last month, 10 percent under revenue estimates officials made ...

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Community Bancshares takes federal funds

Other small Mississippi banks choose again not to take part in TARP Washington is considering another round of bailouts for banks that were too small or risky for the first disbursement of Troubled Asset Relief Program (TARP) funds in fall 2008. But “bailout” might not be the right word, since some banks receiving these funds are in good financial standing. ...

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MDA has good track record with tourism

Swoope: We must look at what debt we can issue versus what we can get in return The Mississippi Development Authority (MDA) has a pretty good track record recently of nurturing the state’s tourism industry. The MDA supported bond bills the Legislature passed to get the B.B. King Museum and Delta Interpretative Center open. The museum opened about a year ...

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Going outside the box

Peranich makes sales pitch for bond issue to keep tourism projects on target. The Mississippi Development Authority (MDA)  appeared Sept. 24 before the Joint Legislative Budget Committee to submit its budget request for fiscal year 2011, which starts next July. The numbers portion of the MDA’s presentation went off without a hitch. Executive director Gray Swoope told lawmakers the MDA ...

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'The DEMS'

Luckett says he is running; Hood, Hudson still a mystery   There is almost universal agreement that the Republican field for governor in 2011 already has two candidates in Lt. Gov. Phil Bryant and Gulfport businessman Dave Dennis. A little less certainty surrounds the Democratic field. Democratic strategist and co-author of several books about Mississippi politics Jere Nash was ready ...

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Sheldon still growing after a century-plus

Venerable company on record pace this year   Sheldon Laboratory Systems is currently on pace to have the greatest year in company history, an impressive accomplishment considering that it has been in continuous operation for more than 110 years. Some of this success can be attributed to sweeping changes at Sheldon over the past half-decade — new equipment and manufacturing ...

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'The big 3'

Bryant, Dennis, Reeves front-runners for Republican nomination When former Gov. Kirk Fordice decided it was time to make it official that he would seek a second term, he called Gulfport businessman Dave Dennis and inquired about doing it at Dennis’s house. Sure, Dennis said, but there was an issue. “We were remodeling the house we lived in, so we were ...

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Recovery MAP on the fast track

New company signs Board of Contractors   By WALLY NORTHWAY I STAFF WRITER wally.northway@msbusiness.com At one point in his life, Scott Gilbert had a serious, potentially life-threatening chemical dependency. He is convinced that if he had not gotten treatment and, just as important, had not been provided with exceptional monitors who made sure he stayed clean, he would not be ...

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Galloway-Chandler-McKinney returns to roots

Family, friends to lead agency into the future   By WALLY NORTHWAY I STAFF WRITER wally.northway@msbusiness.com It’s a true feel-good story. After a decade of operating as a wholly-owned subsidiary of Cadence Bank, previous owners and several associates have repurchased Columbus-based Galloway-Chandler-McKinney Insurance Inc. (GCM) from Cadence. The ownership change became effective Sept. 1. Terms were not disclosed. However, the ...

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