Gulf Coast Economy Leads The State - WLOX.com - The News for South Mississippi

10/17/03

Gulf Coast Economy Leads The State

The financial outlook in our area is the best in the state according to the Federal Reserve. Economists say overall the Southeast's economy is outperforming the rest of the nation. They base their findings in part on employment numbers.

Brick by brick Coast community Bank is laying a promising future in South Mississippi. The past few years business has been booming.

D'Auby Shields, the chief executive officer, said "we've actually grown the bank to about $134 million in total assets. We've been experiencing good growth and we're now in the process of building a new office on Highway 49 in Orange Grove."

As profits have grown, so has the staff. The bank hired several new employees to work in its Orange Grove branch . The Federal reserve says Coast Community Bank doesn't reflect the national job trend.

"The current situation is still pretty tepid in the labor markets," said John Robertson of the Federal Reserve Bank of Atlanta. "Employers are still by enlarge hesitant to add to permanent payrolls."

Economists say what has made the difference on the Mississippi Gulf Coast is diverse tourism. Robertson praises projects like the new Ohr-O'Keefe museum. Other business leaders agree this is just one of the many attractions which give the area variety.

Patrick Barber has several commercial development projects in the works.

"There's a lot of things that we have on the coast. We've got the military here. We've got the casinos here and we've got a broad base of tourism and other things that support all of that. So we've really become really well rounded."

Economist John Robertson says there's a reason other parts of Mississippi aren't doing as well as the Gulf Coast. He says they're economies rely heavily on manufacturing plants that aren't run efficiently.

by Danielle Thomas

  • NEWSMore>>

  • Flash flood threat through Tuesday

    Flash flood threat through Tuesday

    Monday, July 24 2017 12:35 PM EDT2017-07-24 16:35:44 GMT
    Street flooding occurred on Monday morning for parts of Hwy 90 in Biloxi.Street flooding occurred on Monday morning for parts of Hwy 90 in Biloxi.

    Heavy rain across South Mississippi has kicked off the new week, leading to a significant flooding threat. A Flash Flood Watch is in effect for South Mississippi until Tuesday evening.

    More >>

    Heavy rain across South Mississippi has kicked off the new week, leading to a significant flooding threat. A Flash Flood Watch is in effect for South Mississippi until Tuesday evening.

    More >>
  • Stone County soaked, but flood waters recede quickly

    Stone County soaked, but flood waters recede quickly

    Monday, July 24 2017 12:00 PM EDT2017-07-24 16:00:10 GMT
    Rains have made roads across South Mississippi very slick (Photo Source: MDOT)Rains have made roads across South Mississippi very slick (Photo Source: MDOT)

    Stone County Emergency Management Director Raven James says he hasn’t seen this much rain a long time, but as quickly as the rain fell, it’s receding. Reports indicate as much as seven inches of rain fell on Wiggins and its surrounding communities. James said throughout the morning downpour, ditches filled up, spilling water on to several roads.

    More >>

    Stone County Emergency Management Director Raven James says he hasn’t seen this much rain a long time, but as quickly as the rain fell, it’s receding. Reports indicate as much as seven inches of rain fell on Wiggins and its surrounding communities. James said throughout the morning downpour, ditches filled up, spilling water on to several roads.

    More >>
  • Educators learn life-saving techniques to protect your children

    Educators learn life-saving techniques to protect your children

    Monday, July 24 2017 11:28 AM EDT2017-07-24 15:28:00 GMT
    Harrison County school administrators go to class today to learn life-saving techniques that can protect their students (Photo Source: WLOX News Now)Harrison County school administrators go to class today to learn life-saving techniques that can protect their students (Photo Source: WLOX News Now)

    Harrison County school administrators, principals, and assistant principals are spending the day learning about potentially life-saving safety techniques that can be used in schools. The training is being offered by the Mississippi Department of Homeland Security and the Mississippi Law Enforcement Training Academy.

    More >>

    Harrison County school administrators, principals, and assistant principals are spending the day learning about potentially life-saving safety techniques that can be used in schools. The training is being offered by the Mississippi Department of Homeland Security and the Mississippi Law Enforcement Training Academy.

    More >>
Powered by Frankly