MBJ_June14_2019

Page 1

INSIDE — Commercial Finance 701: The project equity morass — Page 3

40

THEATER

YEARS

1979

www.msbusiness.com

‘Bright Star’ shines at the New Stage

2019

June 14, 2019 • Vo. 41 No. 24 • 24 pages

Community foundations kick off tax-credit drive

— Page 2

MBJ FOCUS

LAW & ACCOUNTING {Section begins P10}

» High placement rates for recent accounting graduates in the state

{The List P11}

» Oldest Law Firms

BRIAN ESTES {P3}

» What is the current state of the commercial real estate market?

FILE/MBJ

The Museum of Mississippi History (left) received $750,000 through the Community Foundation for Mississippi from a bequest from John and Lucy Shackelford. At right is the Mississippi Civil Rights Museum.

By JACK WEATHERLY jack.weatherly@msbusiness.com If it sounds too good to be true, it probably is. So goes the axiom. Yet that leaves open the possibility that it can be true. The seven community foundations of Mis-

sissippi asked the Legislature for $2.5 million in tax credits over five years to start the Endow Mississippi Program. The full amount was approved in the 2019 session with overwhelming votes in both houses. “It was an easy sell” to the constituencies, “because it was going to support their com-

munities,” said Jane Alexander, president of the Community Foundation for Mississippi, which serves 22 counties in central and southwest Mississippi. Mississippi, a poor state, is perennially No. 1 or No. 2 in charitable giving, Alexander See TAX-CREDIT, Page 2

http://msbusiness.com/events/health-care-heroes/


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