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Economic Development

Mississippi city wrestles with budget problems

A Mississippi city is wrestling with budget problems after an audit showed a $14 million shortfall. WLOX-TV reported that Pascagoula Mayor Dane Maxwell said he’s working with the governor, the lieutenant governor and the state auditor on how to deal with the money problems following the release of a forensic audit. Maxwell says the focus is on making sure that city ...

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MATTHEW McLAUGHLIN — Show me the money

Having served as lead, co-, or local counsel on greater than $10 billion in debt and equity financings, I have experienced transactions that have closed relatively smoothly and I have also seen transactions fall apart at the closing table. Regardless of whether your company is raising debt or equity, there are some common themes and best practices that business owners ...

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Payment ends former economic developer’s embezzlement case

A former economic development executive no longer faces criminal charges after he agreed to pay his former employer more than $30,000. The Northeast Mississippi Daily Journal reported Friday that embezzlement charges against Harvey Clements and his wife, Sandy Clements, were dismissed in May. The couple agreed to pay the Itawamba County Development Council $29,948, plus $1,400 in legal fees. Harvey Clements ...

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ALAN TURNER — Adding up the benefits of healthy workplaces

There are many reasons why employers should adopt and support workplace wellness programs for their employees, but for our purposes, let’s consider just two of these. First, workplace wellness programs make major contributions to the health and happiness of employees and their families, and in many cases, have actually saved lives. More on this later in this article. Second, workplace ...

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MATTHEW McLAUGHLIN — The manufacturing of today

The United States and other world economies have experienced a profound shift over the last century and a half, transitioning from agrarian based economies in the mid-1800s to highly industrialized economies in the latter part of the 1880s and into the early 1900s. For the first half of the Twentieth Century, United States manufacturing dominated the world.  It was United ...

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PHIL HARDWICK — Megatrends in business, Part 2

In Part I we looked at how John Naisbitt’s predictions in his 1982 book, “Megatrends,” had played out in Jackson, Mississippi. In this column we will look at his 10 predictions in the context of the broader society. Each prediction or forecast or direction, whichever you like to label them, is listed followed by a brief commentary on what happened. ...

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