Mississippi's Business Advantages

Mississippi welcomes and supports business ventures that create new opportunities for its people. You can see it in the incentives and tax advantages offered. You can see it in the attitudes of leaders. And you can see it in the success ratios of new and expanding businesses.

Why Mississippi? - According to an independent study by a major American manufacturer, Mississippi's business climate ranked number one among 23 states in which it has manufacturing operations. Factors weighed included taxes, unemployment compensation, workers' compensation, labor, transportation, energy, health care, job growth and quality of life.

Top Reasons to do Business in Mississippi:

• Favorable Operating Costs Including Low Taxes
• Strategic Location in the South Central U.S.
• Quality Workforce and State Sponsored Training
• A Fair Legal System with the Tort Reform Act of 2004
• Progressive Financial and Tax Incentive Programs
• One Stop Environmental Permitting

To learn more about the advantages to doing business in Mississippi, please visit www.mississippi.org.

The Gulf Opportunity Zone

The Gulf Opportunity Zone Act of 2005 is federal legislation that was passed by Congress and signed into law by President Bush in December of 2005. This legislation provides for Federal Tax Incentives to areas affected by Hurricanes Katrina, Rita, and Wilma that were designated as warranting individual or public and individual assistance. Adams County is one of the counties included in the Zone for individual and public assistance.

Learn more about the G.O. Zone by clicking here.

Mississippi Renewal Community

In 2002, Mississippi was fortunate to receive one of forty Renewal Community (RC) Designations given nationally by the Department of Housing and Urban Development (HUD). The RC program is a tax incentive program enacted by Congress in 2000 under the Community Renewal Tax Relief Act.

The RC program, which began January 1, 2002 and continues through December 31, 2009, allows businesses located within the 40 designated areas to receive valuable tax credits aimed at providing businesses with immediate tax relief. Mississippi’s designated RC area includes portions of 13 counties and 30 municipalities located throughout the central portion of the state. A segment of Adams County fits into the RC area. In addition to new industry, existing businesses, which are the backbone of Mississippi’s economy, will be able to benefit tremendously from this designation as well. To learn more, go to the Mississippi Renewal Community website.