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Mississippi Resources Page
Inward Investment Guides

Location Notebook: TVA Hitching Its Wagon to the Auto Industry

Cynthia Kincaid , Kincaid Strategic Partners (Q3 2015)
TVA is driving to make automotive manufacturing the cornerstone of the region. More

Choosing the Optimal Site for an Aviation-Related Project

Von Hatley, Managing Director, Jones Walker Consulting, LLC (Q3 2015 Auto/Aero Site Guide)
If current trends continue, a conservative estimate reveals there will be more than 1,000 announcements of aviation-related projects in the United States over the next decade. The best location decisions will be made by project teams that not only look at the current overall costs, but also have a deep understanding of hidden site development costs, in addition to the long-term political/financial stability that a region can provide. More

2015 Gold & Silver Shovel Awards Recognizing Excellence in State Job Creation and Economic Development Efforts

Area Development Special Presentation (Q2 2015)
Area Development’s annual awards recognize individual states for their overall economic development effectiveness. This year, we honor 21 states for their achievements in 2014 in garnering investment and job creation with Texas, Georgia, Tennessee, South Carolina and Nevada awarded the Gold Shovel. More

Building a Sustainable Labor Pipeline

Matt Jackson, Managing Director, JLL (Q1 2015)
More companies are thinking through the long-term goals of training a sustainable supply of labor, and maintaining a productive workforce as manufacturing technology continues to evolve. More

Shale Oil & Gas Development Changing the Way the Nation Does Business

Charlotte Batson, Owner and Principal, Batson & Company (Q1 2015)
The development of oil and gas resources is driving infrastructure and manufacturing location decisions, while boosting U.S. competitiveness. More

The United States: A Growing Competitor for New Manufacturing Plants

Alexandra Segers, International Senior Account Executive/Program Manager, SSOE Group (Q1 2015)
As companies continue to review their global site selection options, they are realizing the strong, measurable advantages a U.S. location offers. These advantages can easily be overlooked if the location decision is based on limited information or preconceived notions. More

Slideshow: 2014 Gold and Silver Shovel Award Recipients

Area Development Special Presentation (Directory 2015)
Shown here are 12 of the recipients of Area Development’s 2014 Gold & Silver awards, which were bestowed in recognition of the states’ efforts to capture new facility and expansion projects that resulted in significant investment and job creation. All told, 20 states were recognized for their efforts. More

Regional Report: Auto, Aviation, Energy Drive Growth in the South

Steve Stackhouse-Kaelble (Directory 2015)
The Southern States are driving into the future on the strength of the motor vehicle industry. These states tend to be heavy on manufacturing; their manufacturing sectors tend to have strong automotive activity, and it’s a good time to be in that business. That’s among the reasons all six of the states in this region took home Area Development’s Silver Shovel honors earlier this year. More

MISSISSIPPI at a glance

POPULATION: 2,991,207 (2013 U.S. Census)

LABOR FORCE: 1,286,400 (Mississippi Department of Employment Security, 2012 annual average) average)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES:Agribusiness, chemicals, food processing, forest products, furniture, lumber and wood, shipbuilding

EXPANDING INDUSTRIES: Automotive, aerospace, communications & information technology, energy, distribution centers, healthcare, plastics and polymers, steel and metal fabrication

COLLEGE GRADUATES: (Age 25 and over) 20% (U.S. Census) Source http://quickfacts.census.gov/qfd/states/28000.html

BASIC BUSINESS TAXES:
Corporate Income Tax: 3 percent on first $5,000; 4 percent on second $5,000; 5 percent for income over $10,000 (exemptions)

Corporate Franchise Tax: $2.50 for each $1,000 of capital invested in the state General Retail Sales Tax: 7 percent

Property Tax: No state tax; local rates vary on real and tangible personal property with assessment ratio for most property at 15 percent of true value

BUSINESS INCENTIVES:
Aerospace incentives

Advantage Jobs Program

Broadband technology tax credits

Clean energy incentives

Free Port Warehouse Property Tax Exemption

Growth and Prosperity Program

Headquarters tax credits

In-State Inventory Property Tax Exemption

Industrial Property Tax Exemption

Jobs Tax Credits

Manufacturing Investment Tax Credits

Motion Picture Production Rebate Program

Mississippi Equity Investment Tax Credits

Property tax exemption for bond financing

Property tax exemption for broadband technology

Property Tax Fee in Lieu

R&D Skills Tax Credits

Rural Economic Development Tax Credits

Sales and use tax exemption for bond financing

Sales and use tax exemption for construction or expansion

Sales tax exemption for broadband technology

Sales tax exemption for headquarters

Sales tax exemption for motion picture production

Skills Training Tax Credits

Tourism Rebate Program

CDBG Program for Economic Development

CDBG for Public Facilities Projects

Development Infrastructure Grant Program (DIP)

Economic Development Highway Grant Program (EDH)

Healthcare Industry Zone incentives

Data center incentives

Biomass Investment Tax Credit

Principal Manufacturing industries

  • Furniture and Wood Products
    19.8%
  • Transportation Equipment Manufacturing
    17.9%
  • Food and Beverage
    16.6%
  • Petroleum, Chemical, and Plastics
    10.4%
  • Primary Fabricated Metals
    9.4%
  • Machinery
    8.5%
  • Computers and Electrical
    6.5%
  • Other Manufacturing Industries
    10.9%
Source: Economic Modeling Specialists International 2012 annual data (based on employment)