Mississippi Development Authority
“Mississippi’s ideal location in the Southeast, our ‘no red tape’ way of doing business, and our growing portfolio of shovel-ready sites are just a few of the many advantages companies that prioritize speed-to-market rely on to fuel their growth and success.”
— Laura Hipp, Deputy Executive Director,
Mississippi Development Authority
TARGETED GROWTH SECTORS
Automotive: Mississippi has been a key player in the automobile manufacturing industry since Nissan established its five-million-square-foot assembly plant in Canton in 2003.
Forest Products: With more than 19.2 million acres of forestland, timber-centric Mississippi is home to more than 800 forest and wood products companies and is primed for significant future growth.
Blue Economy: Mississippi’s Blue Economy combines strengths in traditional maritime industries, like shipbuilding. The Mississippi Gulf Coast boasts the nation’s third highest concentration of blue economy jobs.
TOP PROJECTS
COMPANY | LOCATION | INVESTMENT |
Steel Dynamics/Aluminum Dynamics | Columbus | $2.5 billion |
Huber Engineered Woods | Shuqualak | $418 million |
Hood Industries | Beaumont | $216.5 million |
Clark Beverage Group | Madison | $100 million |
Menasha Packaging | Pelahatchie | $79 million |
FEATURED LOCATIONS
The Mississippi Development Authority is the state’s lead economic and community development agency, with approximately 200 employees providing services to businesses and communities throughout the state. MDA works to recruit new business to Mississippi and retain and expand existing industry and business. The agency also promotes tourism throughout the state.
FAST FACTS
Population (July 2022 est.): 2,940,057¹
Largest Cities (2020): Jackson (152,846); Gulfport (72,837); Southaven (54,774); Biloxi (49,456); Hattiesburg (47,275)¹
Real GDP (2022): $104.5 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
TAX INCENTIVE
Mississippi Flexible Tax Incentive: The Mississippi Flexible Tax Incentive is a universal tax credit that offsets companies’ state tax liabilities. MFLEX eliminates the need for multiple applications for incentive programs and provides greater transparency to companies and state stakeholders regarding the value of credits awarded.
TOP BUSINESS FACILITIES RANKINGS
Top 10 Manufacturing Jobs (% of workforce) | 2023 State Rankings |
Top 10 Manufacturing Output (% of GDP) | 2023 State Rankings |
#2 Most Affordable (Small Pop.; Under 50K): Tupelo | 2023 Metro Rankings |
LATEST NEWS
Aerospace And Defense Industry Locations: Cleared For Takeoff
As the aerospace and defense industry continues to grow, companies look for suitable locations.
2024 Top Utilities
These top utilities play a key role in state and local economic development endeavors, as well as sustainability efforts.
Port Of Gulfport Gains First Cold-Storage Investment Since Hurricane Katrina
CORE X GULFPORT will invest more than $73 million to establish cold-storage operations at the Port of Gulfport.