Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew
Mississippi Resources Page
Inward Investment Guides

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

The Changing Geography of the American Auto Industry

Dennis Cuneo, Managing Partner , Fisher & Phillips (Advanced Industries 2014)
Where is auto production currently concentrated, and where will the industry expand in the future? More

Mississippi Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Mississippi's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Regional Report: Beyond Automotive, the South Revs Up Growth Across Diverse Industries

Beth Mattson-Teig (Directory 2014)
A highly skilled work force and good transportation infrastructure are also drawing aerospace and other high-tech companies. More

A Look Back - and Ahead - at the 2013/2014 Legislative and Incentives Landscape

Jason Hickey, President, Hickey & Associates, LLC (Directory 2014)
From what we witnessed in 2013, we can only expect more dynamic developments in state incentive programs and a continued focus on additional transparency. More

Top States for Doing Business 2013: Site Consultant Survey Results

Area Development Magazine Special Presentation (Q3 / Summer 2013)
Our Top States for Doing Business Survey polls the site consultants who help companies make their new facility and expansion decisions, and ranks the states based on their number of mentions in 17 categories. More

MISSISSIPPI at a glance

POPULATION: 2,978,512 (2011 U.S. Census)

LABOR FORCE: 1,343,846 (BLS, 2011 annual average)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES:Agriculture, 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) 19.5%

BASIC BUSINESS TAXES:
Corporate Income Tax: 3 percent on first $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

MS 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

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

Tax Summary

Tourism Rebate Program

CDBG Program for Economic Development

CDBG Loan 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 & Wood Products
    20.2%
  • Transportation Equipment
    17.5%
  • Food
    17.1%
  • Petroleum, Chemical, & Plastics
    10.4%
  • Primary Fabricated Metals
    8.6%
  • Machinery
    7.9%
  • Computers & Electrical
    6.4%
  • Other Manufacturing Industries
    11.9%