Business

‘Vision’ economic plan for Jackson still on track

JACKSON, Mississippi (AP) — Since October 2012, fundraising for Jackson’s Vision 2022/One Voice — a private sector-driven, long-range economic plan — has reached $3.4 million. Duane O’Neill, president of Greater Jackson Chamber Partnership, tells The […]

Business

Study: 15 percent of U.S. youth out of work and school, Mississippi ranks low

WASHINGTON (AP) — Almost 6 million young people are neither in school nor working, according to a study released October 21.

That’s almost 15 percent of those aged 16 to 24 who have neither desk nor job, according to The Opportunity Nation coalition, which wrote the report.

Other studies have shown that idle young adults are missing out on a window to build skills they will need later in life or use the knowledge they acquired in college. Without those experiences, they are less likely to command higher salaries and more likely to be an economic drain on their communities… […]

Business

Monroe based energy group hosts conference to help ethnic minorities

The Mississippi Link Newswire

The American Energy Diversity Group is hosting the Ethnic Diversity Conference on Energy today and tomorrow (October 4-5) at the Isle of Capri Casino and Hotel, in Lake Charles, LA.

The objective of the Conference is to remove barriers that limit energy jobs and business opportunities among ethnic Minorities.
The energy group states that each year billions of dollars in the New Oil and Gas Energy Project is approved by Congressional and Senate Energy committees that continue to isolate members of ethnic diverse communities… […]

Business

Census: No sign of economic rebound for many in U.S.

WASHINGTON (AP) — Even as the economy shows signs of improvement and poverty levels off, new U.S. census data suggests the gains are halting and uneven. Depending on education, race, income and even marriage, not all segments of the population are seeing an economic turnaround.

Poverty is on the rise in single-mother families. More people are falling into the lowest-income group. And after earlier signs of increased mobility, fewer people are moving as homeownership declined for a fifth straight year… […]

Business

Mississippi still has $872 million to spend from $5.5 billion in Katrina recovery funds

By JEFF AMY

The Associated Press
JACKSON, Mississippi — Eight years after Hurricane Katrina slammed the Gulf Coast, Mississippi still hasn’t spent almost $1 billion in federal money dedicated to recovery from the storm.

The remaining $872 million is part of $5.5 billion Congress gave the state to rebound from Katrina, which struck in August 2005, killed 238 people in Mississippi and caused tens of billions of dollars in damage, most heavily in coastal counties… […]

Business

Commissioner Mike Chaney to set up Mississippi small business health insurance exchange

JACKSON, Mississippi – (AP) — Mississippi Insurance Commissioner Mike Chaney plans to move ahead with a health insurance exchange for small businesses after federal officials approved regulations to allow the move.

The Department of Health and Human Services had proposed a rule that would have barred states that didn’t run an individual marketplace from setting up a separate exchange for businesses with fewer than 50 employees.

Last week, federal officials adopted a rule advocated by Chaney that allows Mississippi to set up what’s called a Small Business Health Options, or SHOP exchange. Chaney said he’s scheduled to meet Sept. 18 with federal officials…. […]