Category Archives: Business

State Lawmakers and Businessmen Cruise Down the Tenn-Tomm [video]

State Lawmakers and Businessmen Cruise Down the Tenn-Tomm

LOWNDES COUNTY, Miss. (WCBI) –

Courtesy photo

The Tenn-Tom Waterway Development Authority invited business leaders and lawmakers for a ride on Friday morning, taking them on a leisurely cruise down the Tennessee Tombigbee Waterway. The Army Corps of Engineers hosted the event; they used the time to showcase industries and businesses that depend on the Waterway, and emphasized its value as a promoter of economic development.

“When you get right down to it, it generates revenue for the cities, the counties, and the state. But more than that, it’s people who have jobs that work at these businesses and industry, and it’s all about their quality of life,” says Tenn-Tom Waterway Administrator, Mitch Mays.

Please click here for the full article and a video.

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Columbus’ Wingate Hotel Sold to Merchant Hotel Group

Columbus’ Wingate Hotel Sold to Merchant Hotel Group

COLUMBUS – Courtesy of the Mississippi Business Journal

CBRE Hotels recently announced that it has arranged the sale of the Wingate by Wyndham Columbus. The hotel complex is located at 129 Brickerton Street in Columbus.; the buyer is Merchant Hotel Group.

“We attracted tremendous interest from both in-state and out-of-state investors on this asset,” Michael Yu of CBRE Hotels said. “We received multiple offers and sold the asset for a considerable premium to the pricing guidance.”

“It was a truly pleasurable experience working with Mr. Yu and his team. I appreciate their guidance at every step of this transaction. I would not think twice about partnering again with this CBRE Hotels team for another transaction,” said Greg Posmantur, with LMF Properties.

Please click here to view the full article.

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Academy Set to Open New Location in Starkville

Academy Sports+Outdoors Communication Specialist Karly Makovy has announced the Grand Opening date for the chain’s new Starkville location: Friday, June 2. Their website will have more information about the location in the coming months, including special events and other promotions.

Academy sells an array of sporting, hunting, and fishing equipment; Starkville’s location will have apparel with Mississippi sports teams, including the Mississippi State University Bulldogs.

Up until this point, the nearest locations to Starkville have been in Tupelo and Tuscaloosa, Alabama.

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West Point’s Hwy 45 Corridor Thriving

West Point’s Hwy 45 Corridor Thriving

WEST POINT, Miss. (Courtesy of WTVA)

Ever since Yokohama opened for business on the North side of town in 2015, the area’s South side along Hwy 45 has been booming, reports Lisa Klutts, the director of The Community Development Growth Alliance. She says that more business openings are on the way: “Burger King opened just under a year ago, Express Lube opened just recently and Love’s truck stop with Arby’s will be opening in May.”

The Growth Alliance said  that Burger King on Highway 45 surmounted national record sales on its opening day. “It seems like a pretty good business move to me, if they’re in it to make money,” said driver David Nelson.

The Growth Alliance said they watch trends to see if businesses are expanding in the state. “We would like to see more shoe stores or clothing stores,” said Klutts. There are currently no public plans to bring such stores to the area (yet), but, at the city grows and the Golden Triangle becomes more and more attractive to big business, who knows what the future may hold…?

All we know is, that’s good for the Golden Triangle, and that’s Good for Business!

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Southern Cross Seeks to Bring Eco-Friendly Wind Power to the Golden Triangle

Southern Cross Seeks to Bring Eco-Friendly Wind Power to the Golden Triangle

Courtesy of the Dispatch

From left, Denton Gibbes, Cecil Brown and Brandon Presley. Courtesy Photos

Southern Cross Transmission (SCT) filed a petition with the Mississippi Public Service Commission on Tuesday formally proposing a route for the company’s 400-mile, 500-kilovolt wind energy line. The project would still need to be approved by the Public Service Commission to OK the project; there is currently no timeline for when such a vote might take place.

SCT has been in talks with landowners along a proposed route that runs from Texas, through Louisiana and Mississippi, terminating near Caladonia. The project is anticipated to have a total cost of about one billion dollars, according to an independent economic analysis Southern Cross commissioned back in December.

“It’s taken a little extra time because we’ve done a lot of interaction with landowners and we have worked to find an acceptable route,” Southern Cross spokesperson Denton Gibbes said. “It always takes a little time when you’re trying to do things right.”

The proposed route enters the Golden Triangle in the western Oktibbeha County, then moves northeast into Clay County, and then north of West Point into Monroe County near Hamilton. Then it enters Lowndes County and ends at a converter station to be built near Caledonia.

The Eastern portion of the currently-proposed route, terminating near Caledonia

Gibbes went on to say that landowners along the potential route will soon receive letters from the company to let them know about the proposal, in order to give them time to sumbit any questions or objections they may have, and, eventually, to allow them to consider easements that would allow the project to take place.

Commissioner Cecil Brown said, “I think it’s an exciting project in general terms. . . It sounds like it will be good for the people in the state of Mississippi, but again I’ve got to look at the filings. We’ll probably have hearings on it. There may be some objectors. It can take a while to get through something like this.”

Until the project is approved, citizens can object by mailing letters with their reasons for intervening to PSC Executive Secretary Katherine Collier at P.O. Box 1174 in Jackson.

Public Service Commissioner for Mississippi’s Northern District Brandon Presley was unavailable for comment, but he has previously said that he would only support the project if the company built the converter station in Mississippi, if Mississippians have access to the power running through the transmission lines, and if Mississippi contractors are included in labor contracts.

“To me the trade-off is if you want to come in and do this, we’ll look at it, but you’ve got to meet a public interest burden,” Presley said in November. “The burden for that is what does the state of Mississippi — what do you get out of it? Are you just coming through our area or are we going to see development and real job growth?”

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Cadence Bank Looks to the Future After Successful IPO

Cadence Bank Looks to the Future After Successful IPO

Courtesy of the Starkville Daily News

Houston-based Cadence Bank (CADE) recently returned to the NYSE, having completed their IPO two weeks ago. Now, they are gearing up to make themselves even stronger for the future.

Cadence Bank CEO and Chairman – and MSU alumnus – Paul B. Murphy Jr. is spearheading their efforts: “The most important thing we want our clients to be aware of is that we were a strong bank before and we are even stronger now,” Murphy said. “Having a publicly-traded stock gives us a currency to hopefully find some good banks to partner with,” he went on to say, “And have them merge into us and be part of our company.”

Cadence Bank’s Mississippi President Jerry Toney stated that Cadence Bank is one of the largest employers in the area, and that they plan to remain so. With this IPO, Toney says the company can further advance and build on its customer relationships on the local level: “We give a lot back to the community as well and we’re still and have been for many many years the largest private supporter of economic development in the entire Golden Triangle,” Toney said.

Please click here for the full article.

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Ceco MBS Property Sold to Grandview Investments

Ceco MBS Property Sold to Grandview Investments

COLUMBUS – Courtesy of The Dispatch

Ceco Metal Building Systems, which has operated a support office on Hwy 45, recently sold its property to Grandview Investments, LLC, after a year or more on the market. Ceco Operations Manager Gregg Smith has stated that Ceco will maintain a presence on the property, leasing the space from Grandview, while determining where locally to move its operations offices.

“We built metal buildings here for a number of years,” he said. “Back in 2008 or 2009 when the economy hit (recession), this location — the plant — was closed down. We’ve had a full operation staff here since then of around 50 or 60 employees. We’ve got full operations — customer service, engineering, estimating, drafting, purchasing, field service. There’s still a large group of people here that supports the operations of Ceco Building Systems . . . Our full intention is to be here in this area,” he said. “We just don’t need 329,000 square feet of space to do the operations side of the business.”

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New Process Steel Expansion Slated to Add Fifty Jobs

New Process Steel Expansion Slated to Add Fifty Jobs

COLUMBUS – Courtesy of The Dispatch

Joe Max Higgins, left, and Harry Sanders

During a recent board meeting, Board of Supervisors President Harry Sanders confirmed that New Process Steel will start on its new expansion on the Steel Dynamics campus soon. Two loan resolutions were approved for the project on Monday – in addition to the approximately $1.7 million in grants and loans for the $7.5 million steel processing facility which were approved last month. In addition, it is expected that the project will require $750 thousand in Development Infrastructure Program grants from the Mississippi Development Authority for road improvements, and up to $1 million in a state loan to pay for a rail spur from the railway near the SDI campus.

“This just goes to show that Columbus is a good place for industry,” Sanders said. “It’s great that we can have some expansion from people who are already here. Most of the emphasis is on getting new people and new industry, but this is an older industry that’s been here and evidently they’re real happy with what’s here and they decided to expand their operation.”

The Board also discussed, and temporarily tabled, a proposal to hire former CLRA Executive Director as the county’s interim recreation manager. The matter will be taken up in their next regular meeting, once they are able to formulate a proper job description for the position.

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Starkville Farmers Market is Back

Starkville Farmers Market is Back

STARKVILLE – Courtesy of The Dispatch

Prather (courtesy starkville.org)

Starkville Community Market will be open this Tuesday from 4-6 p.m. at Fire Station No. 1 Park.

SCM manager and Greater Starkville Development Partnership special events coordinator Jennifer Prather reports that roughly eight to ten vendors are expected to sell early spring produce and other goods at the event; more growers and producers are expected to join when the market’s Saturday offerings begin May 6. “We’ve spoken to new vendors outside of Starkville about new offerings, like baked goods and goat’s cheese and milk. We’re looking to increase the variety,” she said.

The Market will be held at Fire Station No. 1’s greenspace, located at the intersection of Lampkin and Russell streets.

Prather went on to say, “We’re working with Starkville Utilities to help grow the capacity for electricity there. Many vendors require refrigeration for their products, so that’s a priority for us moving forward. We’re also working on a project to install new benches and garbage cans, and overall looking into other ways to better develop the area in a community friendly way . . . We’re really enjoying the location. The aesthetics make a huge difference because the area is friendly to vendors and shoppers.”

Please click here for the full article.

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Girl Scouts Honor GTR’s Finest at Women of Distinction Ceremony

Girl Scouts Honor GTR’s Finest at Women of Distinction Ceremony

GTR LINK’s Brenda Lathan and her fellow honorees (courtesy Columbus Lowndes CoC)

Girl Scouts Heart of the South held its Women of Distinction in the Golden Triangle Region this past Friday. The keynote speaker was Dr. Kate Borsig.

Among the honorees was The Golden Triangle’s own Brenda H. Lathan, Senior Vice President of Economic Development at the GTR LINK!

We here at Good for Business would like to congratulate Ms. Lathan and all of the honorees. Thank you for your selfless contribution to our communities!

For more photos and info, please click here.

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