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Hood releases official opinion

JACKSON — In response to a request from Rep. Cecil Brown, Attorney General Jim Hood has given his official opinion as to the ability of various state agencies and branches of government to operate and expend funds after July 1 if there is no appropriations bill passed in the Legislature. Hood wrote in part: “The Office of Governor has no ...

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MSAs' unemployment beats average

AROUND MISSISSIPPI — Unemployment rates were higher in April than a year earlier in all 372 metropolitan areas (MSAs), the Bureau of Labor Statistics reports. All four of Mississippi’s MSAs were well up, though all four were well below the national average. Thirteen areas recorded jobless rates of at least 15 percent, while 31 areas registered rates below 5 percent. ...

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Mid-South lands 'green' grant

JACKSON — The Mid-South Community Development Corporation has been awarded an $80,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas through its partner bank, BankPlus. The funds will be used in the development of the Harmony Estates subdivision in the Georgetown community of Jackson to assist first-time homebuyers and qualified applicants with down payment assistance. ...

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GE, USM to collaborate

BATESVILLE and HATTIESBURG — Gov. Haley Barbour and officials from GE Aviation have announced a unique research collaboration with the University of Southern Mississippi (USM) for technology and advanced material development in the company’s Composites Operation in Batesville. GE’s partnership with the USM School of Polymers and High Performance Materials is focused on the development of advanced materials (composites development ...

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Millsaps named 'Best Buy'

JACKSON — Millsaps College is one of only 24 private colleges nationwide and the only college in Mississippi named a “Best Buy” in the 2010 edition of Fiske’s “Top Financial Finds on the College Tuition Market.” The revised and updated list features 44 private and public institutions as “Best Buy Schools.” The institutions were chosen based on the quality of ...

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Clinic construction to begin

FLOWOOD — A groundbreaking ceremony will be held tomorrow beginning at 10 a.m. for University Physicians-Grants Ferry, a part of University of Mississippi Health Care. The site is located at 1010 Lakeland Place, on the corner of Lakeland Place and Plaza Drive in Flowood. The new, $14-million clinic is scheduled to open in the second quarter of 2010. The 50,575-square-foot ...

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Denbury's new executive team in place

DALLAS — Denbury Resources Inc. reports that in accordance with its previously announced succession plan, Gareth Roberts, founder of the company, has stepped down as president and CEO, and is now co-chairman of the board of directors and chief strategist. Phil Rykhoek, current senior vice president and CFO, is the new CEO, and Tracy Evans, current senior vice president of ...

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Security Credit raises $24M-plus

OXFORD — In the first investor pool of 2009, Security Credit Services, LLC, reports it was able to raise over $24 million. In the upcoming months, Security Credit said it would start to utilize the services of hundreds of employees to collect millions of dollars worth of debt. Security Credit buys delinquent receivables and is managing the collection process for ...

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Exhibit to feature local artists' work

RIDGELAND — The exhibit “A Place Like Mississippi” will open June 30 at the Mississippi Craft Center with an artist reception. The event will be held from 5:30 p.m. to 7 p.m. Three Mississippi natives and members of the Craftsmen’s Guild of Mississippi, Rhonda Blasingame, Carmen Gettis-Castilla and Anne Campbell, will showcase their artwork. Blasingame, a fiber artist, will feature ...

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SBA program sees record response

WASHINGTON — In just two year’s time, the SBA’s Patriot Express Pilot Loan Initiative has supported more than $315 million in loans to more than 3,750 veterans and their spouses who are using the SBA-guaranteed funds to establish and expand their small businesses. As a result of the American  Recovery and Reinvestment Act, which raised loan guarantees to 90 percent, ...

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