MBJ_May05_2017

Page 1

INSIDE — March Unemployment numbers — Page 9 AGRICULTURE

www.msbusiness.com

May 5, 2017 • Vo. 39. No. 18 • 20 pages

ECONOMIC DEVELOPMENT

ECONOMY Courtesy of MEC/MBJ

Stonnington Farm creates fertile ground for grass-fed beef

By JACK WEATHERLY jack.weatherly@msbusiness.com

— Page 4

MBJ FOCUS

Going Green {Section begins P11}

» Recycle group selects its best » Environment a natural fit for Dallas Baker

{The List P15} » LEED Certified Buildings

Page 2 REPORTER’S NOTEBOOK

{P8}

» A trip to Vicksburg in the 200th, or so, anniversary of statehood

STATE THUS FAR HAS NOT BENEFITED FROM ‘TRUMP EFFECT’

Stars come out for MEC

In the short view, the outlook for the Mississippi economy has improved nicely. The economy for 2017 is projected by the Institutions of Higher Learning’s University Research Center (URC) to expand by 1.9 percent over 2016, up 0.4 percentage points from the last previous estimate. But the expansion is far below the 2.6 percent growth for 2016, the URC said in its spring outlook released last week. And 2017 looks much better for the national economy, which has been nudged up to 2.4 percent, according to the U.S. Bureau of Economic Analysis. The BEA projection for the nation in 2018 at this point is 2.6. Increased consumer spending is in part the reason for the national uptick, based on higher consumer and business confidence, according to the center. “This improved sentiment is based on anticipated regulatory and tax reform becoming effective sometime in 2018,” the report states. In other words, “the Trump effect.” President Donald Trump is pushing for removing what he sees as burdensome and unnecessary business regulations. He has offered a preliminary plan to lower taxes for businesses and individuals. But Mississippi thus far has not reacted as strongly as the rest of the nation, said Corey Miller, economic analyst for the center. Typically, Mississippi does not react as See ECON OMY, Page 8


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