Archive | Baldwyn

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Southern Motion expanding Baldwyn operations again

Pontotoc-based Southern Motion is expanding its motion furniture operations at its Baldwyn facility, officials announced today. The project represents a $600,000 corporate investment and will create 60 jobs over the next 12 months, according to Gov. Phil Bryant’s office and the Mississippi Development Authority Officials say the move will bring employment at the facility to 235. Southern Motion, […]

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Posted in Baldwyn, Business news, Economic development, Employment and jobs, Furniture, Manufacturing, Mississippi Development Authority, Pontotoc0 Comments

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OSHA fines H.M. Richards for death of maintenance worker

The Occupational Safety and Health Administration is recommending a $55,100 fine for furniture manufacturer H.M. Richards. The company, founded in 1997, has 15 business days to respond. Last Oct. 1, Raymond Reece, a 46-year-old maintenance worker at H.M. Richards Inc., was fatally electrocuted, as he disconnected wiring on a saw at the company’s frame shop on […]

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Posted in Baldwyn, Business news, Furniture, Manufacturing, Northeast Mississippi, Workplace issues0 Comments

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Former Stanford Financial adviser must return money

A federal jury in Dallas on Friday concluded a former financial adviser to former Texas tycoon R. Allen Stanford must return nearly $800,000 in fees and expenses paid to him before Stanford’s multibillion-dollar Ponzi scheme collapsed in early 2009. The jury also concluded Friday that Peter Romero may keep the $300,000 in funds he invested […]

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Posted in Baldwyn, Banking & Finance, Business news, International, National, Northeast Mississippi, Stanford Financial, Tupelo1 Comment

Hancock Fabrics

Hancock Fabrics withdraws bid to go private

Baldwyn-based craft and fabrics retailer Hancock Fabrics today said it was withdrawing its proposal to take the company private. The company said in April it would have a 1000-to-1 reverse stock split and no longer be publicly traded, in order to better use its finances and focus on improving its performance. Hancock would have paid shareholders […]

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Posted in Baldwyn, Business news, Business newsmakers, Hancock Fabrics, National0 Comments

Hancock Fabrics

Hancock Fabrics extends CEO Morgan’s employment

Hancock Fabrics has extended by four years the employment contract of company President and CEO Steve Morgan. The company’s board of directors also voted to keep Morgan as a member of the board. Morgan was appointed president and chief executive officer in October 2011 after having served in that role on an interim basis since January 2011. He replaced Jane […]

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Posted in Baldwyn, Business news, Hancock Fabrics, National, Northeast Mississippi, Salary & benefits/compensation, Tupelo0 Comments

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State Main Street programs get national accreditation

The Mississippi Main Street Association announced that the following members cities have been designated as accredited National Main Street Programs for meeting the commercial district revitalization performance standards set by the National Main Street Center:   Aberdeen               Corinth                    Pascagoula Amory                    Greenville                […]

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Posted in Aberdeen, Amory, Baldwyn, Booneville, Business news, Corinth, National, New Albany, Northeast Mississippi, Oxford, Pontotoc, Ripley, Starkville, tourism, Tupelo, Water Valley, West Point0 Comments

Brice’s Crossroads battlefield gets $34,000 grant

The Brice’s Crossroads Battlefield will benefit from a $34,000 grant to the Mississippi Department of Archives and History that will be used to buy protected land for the battlefield. Here’s the press release from the National Park Service: National Park Service awards $950,000 to protect seven Civil War battlefields WASHINGTON – National Park Service Director […]

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Posted in Baldwyn, Civil War, Mississippi Hills National Heritage Area, Northeast Mississippi, tourism0 Comments

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