Learn more about relocating or expanding to Mississippi

Mississippi business climate, manufacturer incentives, and advantages of MS communities

Relocate or Expand to Mississippi - U.S. Industrial Expansion & Relocation Guide for Manufacturing Companies - Learn more about the Mississippi business climate, manufacturer incentives, and advantages of MS communities. Helping decision makers at U.S. manufacturing establishments find new locations to relocate or expand.
Mississippi Business Data*

Mississippi

Population: 2,951,996
Total Labor Force: 1,266,300
Unemployment Rate: 7.5%
Number of Manufacturers: 2,763
Manufacturing Jobs: 166,228
Right to Work: Yes
Unemp. Ins. Tax: 0.25.4%
 
Corporate Income Tax:
Graduated: 3% on the first $5,000 of taxable income; 4% on the next $5,000 of taxable income; 5% on taxable income in excess of $10,000.

Sales Tax:
7%. Exemptions include: Sales of containers, raw materials, processing chemicals, and welding gases to manufacturers; sales by manufacturers of dry docks, offshore drilling equipment, vessels and barges; repairs of vessels and barges; machinery, tools, repair parts, fuels or supplies used in manufacturing; materials used in building construction.

Property Tax:
State collects no property taxes. Properties are taxed on the city and county level based on 20% of truer market value and the average value of manufacturers' inventories based on millage rates in a given school district.

Leading Manufacturing Industries:
(by % of total manufacturing employment)
15% Transportation equipment
13% Food and kindred products
11% Industrial machinery and equipment
11% Furniture and fixtures
8% Fabricated metal products

Largest Manufacturing Establishments:
(by number of employees)
Ingalls Shipbuilding (Pascagoula) - 11,000
Howard Technology Solutions (Ellisville) - 4,300
Nissan North America, Inc. (Canton) - 3,500
Howard Industries, Inc. (Laurel) - 3,200
Ashley Furniture Industries, Inc. (Ecru) - 2,170
 
Counties with the Most Manufacturing Jobs:
Jackson - 16,868
Jones - 13,565
Lee - 13,472
Hinds - 12,760
Madison - 8,530

Cities with the Most Manufacturing Jobs:
Pascagoula - 14,661
Laurel - 8,120
Jackson - 6,920
Tupelo - 6,276
Meridian - 5,106

Manufacturing Related Business Incentives:
Industrial Property Tax Exemption Program
Jobs Tax Credit
Manufacturing Investment Tax Credits
Mississippi Aerospace Initiative Incentives Program
Mississippi Clean Energy Initiatives Program
National or Regional Headquarters Sales Tax Credit
Property Tax Exemptions for Industrial Revenue Bond Financing and In-State Inventory
Research & Development Skills Tax Credit
Rural Economic Development Program
Sales & Use Tax Exemptions for Bond Financing and Construction/Expansion
Skills Training Income Tax Credits
Free Port Warehouse Property Tax Exemption
CDBG (Community Development Block Grant ) Program for Economic Development
Development Infrastructure Grant (DIP) Program
Economic Development Highway (EFH) Grant Program
Small Municipal and Limited Population Counties Grant Program
Rural Impact Grant Fund
Agribusiness Enterprise Loan Program
Business Incubator Loan Program
Capital Access Contract Loan Program
Capital Improvements Revolving Loan Program (CAP)
Energy Investment Loan Program
Existing Industry Productivity Loan Program
Research & Development Loan Program
Port Revitalization Loan Program


Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:

Natchez, Inc.
Natchez, Inc., a public-private partnership established as of June 1, 2010, is the dynamic organization in the economic development of Natchez - Adams County. Our primary responsibilities are the recruitment, retention & expansion of business in the Natchez - Adams County area. Our basic objective is to strengthen the region through economic & community development initiatives with emphasis on creating new jobs.
211 Main St., Ste. B, Natchez, MS 39121 (Map & Aerial View)
(601) 445-0288
(601) 445-0234 Fax
www.natchezinc.com




Looking to reach Mississippi manufacturers? Access the Mississippi Manufacturers Database compiled by MNI.



*Manufacturing stats updated on 3/18/2014. All other stats updated on 3/18/2014. Listings updated on 4/24/2014.

a service of Manufacturers' News, Inc. - directories & databases since 1912