DOING BUSINESS IN MISSISSIPPI

Mississippi Development Authority
601-359-5769
bcork@mississippi.org
mississippi.org

Doing business in MississippiBill Cork,
Executive Director & Chief Economic Development Officer,
Mississippi Development Authority
Doing business in Mississippi
Mississippi State Capitol and downtown Jackson illuminate the night sky. (Photo: 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

Mississippi Development AuthorityThe 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

From the July / August 2023 issue of Business Facilities

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