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Expand or Relocate to Mississippi
      

Mississippi Business Data

Relocate or Expand to Mississippi

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

Business Data for Mississippi


Population
2,951,996

Total Labor Force
1,278,219

Unemployment Rate
5.2%

# Manufacturers
2,595

Manufacturing Jobs
161,603

Right to Work
Yes

Unemp. Insurance Tax
0.2–5.4%


Manufacturing stats updated on 11/13/2017. All other data updated on 11/13/2017. IndustryNet is not responsible for errors or omissions.
 
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 Mfg. Industries
(by # of employees)
16% Transportation equipment
14% Food and kindred products
11% Industrial machinery and equipment
10% Furniture and fixtures
9% Fabricated metal products

Largest Mfg. Employers
(by # of employees)
Ingalls Shipbuilding, Inc. (Pascagoula) - 11,500
Howard Technology Solutions (Ellisville) - 4,300
Howard Industries, Inc. (Laurel) - 3,500
Nissan North America, Inc. (Canton) - 3,500
Ashley Furniture Industries, Inc. (Ecru) - 2,200
 
Counties with the Most Mfg. Jobs
Jackson - 16,418
Jones - 13,403
Hinds - 13,314
Lee - 11,853
Madison - 8,766

Cities with the Most Mfg. Jobs
Pascagoula - 14,753
Laurel - 8,063
Jackson - 6,763
Tupelo - 5,158
Ellisville - 4,978

Mfg. 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 & businesses available to assist with your relocation to or from Mississippi

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
De Kalb, MS
Machinery Movers & Riggers-Heavy Haulers-Installers-Millwrights
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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