Opportunity Is Abundant in Mississippi
To achieve success in today’s global marketplace companies need a competitive advantage — and they are finding that advantage in Mississippi.
Location USA 2014
“Made in the USA: Perfected in Mississippi” is more than just a slogan. It is the driving force behind how Mississippi does business. The state’s highly competitive energy rates, affordable operating costs, and streamlined one-stop permitting paved the way for continued growth in the automotive, aerospace, and advanced manufacturing sectors.
Mississippi works collaboratively to successfully meet the dynamic needs of today’s industries. The state’s community college network and university system work with industries throughout the state. As a result of this collaborative approach, the state is able to offer flexible and dynamic solutions including customized workforce training and access to world-class research and development. That’s why the state’s track record for winning global projects like Yokohama, Toyota, and Nissan has been so successful.
From research and development to manufacturing and production, Mississippi features a well-integrated and nationally ranked transportation network. Centrally located in the fastest-growing region of the U.S., Mississippi provides an efficient link to many domestic and international markets.
In 2013, several global companies took advantage of Mississippi’s distinct advantages and made national headlines announcing they were locating or expanding in the state. In September, Yokohama Tire Corporation broke ground in West Point for their first U.S.-built commercial truck tire plant. Yokohama’s initial investment of $300 million will create 500 jobs. Future expansions are projected to increase total employment to 2,000 jobs and investment to $1.2 billion.
In July, Nissan North America broke ground on the vehicle manufacturer’s first supplier park near their Canton plant. The new supplier park will support 800 jobs, while the plant already employs 5,600 Nissan team members.
These companies and many others understand Mississippi is focused on creating an environment where sustainable growth is a top priority. In May 2013, Governor Phil Bryant signed into law landmark legislation for sales tax exemptions on energy for manufacturing and rebates on research and development costs for companies.
Combined, Mississippi’s unique advantages make up part of the winning formula for a growing list of companies that call the state home.
Ford Motor and South Korea-Based SK Innovation Plan Kentucky and Tennessee Electric Battery Vehicle Plants