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ASA postmortem: industrial recruiting is a constant cycle of death and life
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Raising $1.2 billion for an industrial project can be a daunting task, if not a deal killer. For economic developers in Mississippi, American Specialty Alloys' protracted and secretive efforts in that regard became an issue that ultimately sent the project south to Pineville, La. American Specialty started out last year with a show of force that augured well for Mississippi.
It established an office in Columbus, and hired one of the top law firms in the state, Butler Snow, and lined up Yates Construction, one of the top builders in Mississippi. Yet by Feb. 20, what had started out with such promise was officially gone, though it appears that it was dead long before that date. Mississippi Business Journal interviews with the founder of the company, Roger Boggs, and the executive director of the Golden Triangle Development LINK in the days leading up to the Louisiana announcement foreshadowed the dissolution of a relationship.
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New Orleans congestion keeps Chiquita Gulfport port
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GULFPORT - Chiquita containers filled with paper arrive by truck and rail at the State Port in Gulfport where they are stored for later movement to New Orleans for southbound shipment. Along with its own cargo, Crowley Liner Services is shipping into Gulfport northbound Chiquita containers loaded with produce.
Chiquita moved to New Orleans in October after 40 years in Gulfport. Its containers were supposed to be completely cleared out of Gulfport by Dec. 31. Congestion at the Port of New Orleans is keeping the Mississippi port busy.
Matt Gresham, director of external affairs at the New Orleans port, tells The Sun Herald the congestion was "totally expected."
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Team of Teams' draws down Afghan bases, equipment
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FORT BRAGG, N.C. - At its peak, in early 2011, there were nearly 100,000 U.S. service members in Afghanistan as part of Operation Enduring Freedom. Working alongside those service members were as many as 90,000 contractors working for the U.S. Department of Defense.
In June of that year, President Barack Obama announced the drawdown plans for Afghanistan -- it would be slow at first, but it would ultimately result in a cessation of combat operations by the end of 2014.
As a result of that drawdown only about 9,800 U.S. service members remain in country as part of Operation Resolute Support. The follow-on mission to OEF is aimed at training, advising and assisting Afghan forces, but leaving security to the Afghans.
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Manufacturing grows sluggish as oil prices slide, economists say
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Steep declines in oil and petroleum prices have finally shown a corresponding drop in commercial construction costs tracked by the U.S. Department of Labor's Producer Price Index.
Contractors can cheer about the drop in costs - at least those who don't build for the oil exploration and mining sectors. Not so for manufacturers. They're getting anxious about sluggishness setting in with a sustained oil slump.
A pullback in shale drilling, an emerging economic driver in Southwest Mississippi until crude prices started sliding, is of special concern to manufacturers who serve the petroleum sector, said Michael Levy, a senior fellow of energy at the Council on Foreign Relations, in an interview with National Public Radio.
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"Find a place inside where there's joy, and the joy will burn out the pain."
-Joseph Campbell
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Home
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Away
03/14 @ North Texas
03/18 @ South Alabama
03/28 @ UTEP
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CONTACT US
Dr. Tulio Sulbaran, Director [email protected]601.266.6419 Fax: 601.266.5717 118 College Drive #5138 Hattiesburg, MS 39406-000 |
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