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Economic Development

Condos coming to Bay St. Louis beachfront

By LISA MONTI It took developer Chet LeBlanc 11 years, but his nine-unit Front Street Inn condo development on North Beach Boulevard in historic Old Town Bay St. Louis is set to break ground this month. “This will be first place where you can own property downtown and live their full-time if you choose to,” LeBlanc said. The original project, which ...

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Hotel to open Aug. 18 at District at Eastover

By JACK WEATHERLY  The Marriott Residence Inn will open on Aug. 18, marking the completion of the second major aspect of the 585,000-square-foot District at Eastover mixed-use development in Jackson. The four-story hotel’s 95 suites will have separate sleeping and living areas and are designed for business travelers and others needing an extended stay. It will also have a swimming ...

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Q&A — Credit union feeling shifts in business

By LISA MONTI  Jimmy Smith, president and CEO of Singing River Federal Credit Union since 1993, was elected to the board of directors in 2002 and currently serves as chairman of the Mississippi Credit Union Association. Smith has an MBA from William Carey University and a banking and finance degree from the University of Southern Mississippi. Among his professional affiliations, ...

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Electric car maker misses debt payment to Mississippi

Electric car maker GreenTech Automotive, which once planned to build 250,000 cars a year and invest $2 billion in an impoverished corner of Mississippi’s Delta region, has missed a debt payment to the state of Mississippi. Mississippi Development Authority spokesman Jeff Rent confirmed Monday that the Tunica County company didn’t pay $150,000 due June 30. That was the first payment on a ...

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Seemann to expand, add 42 jobs to meet Navy contract

Seemann Composites Inc. will expand operations in Gulfport and create 42 more jobs to accommodate a contract with the U.S. Navy, according to the Mississippi Development Authority. Located in the Bayou Bernard Industrial Park, Seemann Composites will invest $4.6 million to construct a 25,600-square-foot building to produce bow domes for the Navy’s Ohio Class Replacement Submarine Program. Seemann has 105 ...

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Kemper overrun reaches $81 million for second quarter

By JACK WEATHERLY As expected, Mississippi Power’s coal-gasification power plant has missed another deadline. The utility on Monday moved back the start-up of the commercial operation of the plant in Kemper County another month, till Oct. 31. Time delayed is cost accumulated. The latest postponement will add $43 million to the price tag on the plant, which originally was projected to ...

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Sombra Mexican Kitchen to open in Flowood

  Nashville-based 4-Top Hospitality will open a Sombra Mexican Kitchen in Flowood in November, its second in metro Jackson. The second Sombra will follow one in Ridgeland’s Township, which opened four years ago. At 111 Market Street off Lakeland Drive, it will seat 225 and have a patio. A Cheddar’s was located there till it closed early this year. 4-Top ...

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SUMESH ARORA: 10 ways to understand innovation

We hear a lot about innovation these days and terms such as the “innovation economy” or the “new economy” are frequently used interchangeably, along with the “21st century economy.”  This raises the following three questions: 1. What is considered innovative? 2. Why is it important? 3. How can you spot it? The simple definition of innovation according to the Merriam-Webster’s ...

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