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Mississippi Resources Page
Inward Investment Guides

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 Magazine 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: A Top Manufacturing State Is Meeting Its Challenges Head On

Steve Stackhouse-Kaelble (Q4 2014)
In many parts of the country, manufacturing is more of a fond memory than a reality. Not so in Mississippi, which is very much a state that makes things. More

Securing Incentives With a Well-Paid Workforce

Robert Foley, Manager, Global Location & Expansion Services, KPMG LLLP (Q4 2014)
As a growing number of states augment their business incentives with Quality Jobs programs, manufacturing, technology and other high value-add companies are well positioned to potentially reap significant and often enhanced tax and non-tax benefits. More

Top States for Doing Business 2014: Georgia Unseats Texas, Industrial Midwest Rises

Dale D. Buss, Staff Editor,  (Q3 2014)
The list continues to be dominated by states in the South and mid-South as states from the industrial Midwest scratch their way back into position as major players in U.S. economic-development. 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)