Home » News » Economic Development (page 3)

Economic Development

$87 million each for lead firms in 2010 oil spill litigation

NEW ORLEANS — A committee of attorneys involved in litigation arising from the 2010 Gulf of Mexico oil spill has made its recommendation for dividing some $700 million in fees among 122 law firms involved in years of complex legal work. Two Louisiana law firms involved in the litigation from its early days each will get roughly $87.8 million if ...

Read More »

Mississippi Power: Another month, another $99M for Kemper

Mississippi Power Co. said Monday that it needs one more month and another $99 million to finish its $7.2 billion Kemper County power plant. The subsidiary of Atlanta-based Southern Co. said in a stock filing that it has finished repairs from a March tubing leak. The company aims to have the plant fully running by April 30, completing work more ...

Read More »

A FOCUS ON TOURISM: 5 boutique hotels we think you’ll like

A trend is growing among travelers for more intimate lodging with a bit of surprise By LYNN LOFTON Large hotels and chain lodgings sell consistency so travelers know what to expect. However, an increasing number of travelers prefer intimacy and an element of surprise which have fueled the popularity of boutique hotels. Generally defined as a small hotel with 10 ...

Read More »

Coast Roast perking despite two hard blows

By LISA MONTI Shawn and Lynn Montella started their Coast Roast coffee business 16 years as a modest venture centered on Shawn’s interest in roasting coffee beans. “We never had big plans, we were just doing it on the fly, adjusting as we went,” Shawn Montella said. “It just grew on its own.” Grew it did. In spite of the ...

Read More »

Port director confident of meeting jobs requirement

The director of Mississippi’s port authority says the port of Gulfport has created 425 of the 1,300 new jobs required in exchange for $570 million in federal assistance granted after Hurricane Katrina. Jonathan Daniels discussed the progress Tuesday at a Gulfport Chamber of Commerce meeting. The Sun Herald reports that the federal money has been used since 2008 to restore ...

Read More »

Mississippi firms reap 42 percent of port contracts

By JACK WEATHERLY  About 42 percent of the dollar amount of  contracts awarded thus far in the restoration and expansion of the Port of Gulfport have gone to Mississippi-based firms. Fifteen Mississippi companies have won contracts valued at about $194 million of a total of approximately $468 million in awarded contracts, according to an analysis by the Mississippi Business Journal ...

Read More »

Port of Gulfport revenue grows with reconstruction

By JACK WEATHERLY  The Port of Gulfport continues to make progress in its recovery from Hurricane Katrina in 2005, and its revenue reflects that. The port’s “net position” increased by $112.7 million as of the fiscal year ending June 30, compared with an increase of $84.6 million the previous fiscal year, according to an annual independent audit. Net position on ...

Read More »