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Economic Development

Storefront maker moves fabrication to Waveland

By LISA MONTI Infinity-AP is moving its custom storefront fabrication operation from Chalmette, La., to the vacant 84 Lumber location off U.S. 90 in Waveland. Co-owner Rick Bradley said the goal is to open in early 2017 with up to 15 employees. The company designs, engineers and fabricates custom storefronts for international retailers. Bradley said their best known customers are Abercrombie ...

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Innovate Mississippi joining Mississippi Innovation Hub by relocating in Downtown Jackson

Backwater Management and Coalesce are pleased to announce the addition of Innovate Mississippi to the Mississippi Innovation Hub in downtown Jackson. The historic block, better known as Spengler’s Corner, is currently home to ThimblePress, Satchel (a podcasting startup), Coalesce, Sheena Allen Apps, Let’s Talk Jackson, Re-Think Mississippi, the Jackson Area Web and App Developers, 1 Million Cups, Good Design & ...

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Gov. Bryant believes he’s done cutting budget this year

By BOBBY HARRISON Daily Journal Gov. Phil Bryant says he does not anticipate having to make any more budget cuts this year to offset sluggish revenue collections. “I think we are in good shape right now,” the Republican governor said recently. “We are within the revenue number.” Bryant said any issues dealing with the budget for the current fiscal year ...

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Mississippi Power adds month, $62 million at Kemper plant

Mississippi Power Co. is adding another month to the construction schedule and another $62 million to the cost of the power plant it’s building in Kemper County. Atlanta-based Southern Co., the parent of the electrical utility, announced Monday that it’s pushing back the completion date from Oct. 31 to Nov. 30. Because every month’s delay prompts more construction and interest ...

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Cattle prices falter despite good news

News that China is lifting a 13-year import ban on U.S. beef is not helping prices as much as some cattlemen would have hoped. Brian Williams, agricultural economist with the Mississippi State University Extension Service, said the news has not resulted in any long-term impact on cattle markets. “China was already importing beef from the U.S., primarily on the black ...

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Audit: Take back $3.4M in FEMA money from Mississippi school

Auditors say the Federal Emergency Management Agency should take back nearly all of $3.5 million in grants approved for a church-run school in coastal Mississippi after Hurricane Katrina, though a school official says it actually received $2.8 million. FEMA lacked adequate policies to prevent an “unaccredited and unlicensed non-public school” from getting federal money, the Department of Homeland Security inspector ...

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Commuter airline starts Jackson-to-Nashville service

By JACK WEATHERLY  The eight-seat Cessna 208 Caravan lifts off a runway on Southern Airways Express’ inaugural Jackson-to-Nashville flight on Monday. The single-engine turboprop plane heads to the Tennessee capital, with a brief stopover in Memphis. Takeoff from Jackson International is 9:03 a.m. The plane climbs to 9,000 feet and reaches cruising speed of about 200 miles per hour. The ...

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HUD deal will force Ridgeland to reverse course on affordable housing

By TED CARTER Ridgeland’s strategy to significantly cut the number of multi-family rental units has backfired to now require city officials to promote more of the housing they sought to eliminate. An agreement that lets Ridgeland avoid Fair Housing Act violation penalties from the U.S. Department of Housing and Urban Development gives the City 180 days to give HUD an ...

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(UPDATED) Ohio shopping center company buys Lakeland Commons

  By TED CARTER A Beachwood, Ohio shopping center company is the new owner of Lakeland Commons, a fully occupied 460,000 square-foot retail center in the heart of Flowood’s thriving retail corridor along Lakeland Drive. The acquisition is the first in Mississippi for Chase Properties Ltd., which has retail centers in the Midwest, and the Southern and Eastern United States. ...

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State economist: Mississippi economy grows, but lags US

A late summer pickup in job growth could boost Mississippi’s economic output for 2017, state economist Darrin Webb said Tuesday, but that doesn’t mean the Magnolia State’s economy is off to the races. Webb told an audience at Millsaps College that the state appears to be on track for its overall economic output to expand for the first back-to-back years ...

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