Mississippi is the 30th Best State for Business 2012

No. 30 Mississippi Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 30: Mississippi

No. 30

Mississippi

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 0.06
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 0.39

Unemployment

  • Unemployment Rate Dec. 2011 %: 10.40
  • Comparison with Nat’l Rate (8.50%): 1.90

Domestic Migration

  • Domestic Net Migration ’00-’09: -36,061
  • Rank: 35

State Government

  • Debt per Capita Fiscal Year ’10 ($): 2,182
  • State & Local Gov’t Employees per 10k Residents: 647.68

State-Local Tax Burden

  • Rate (%): 8.73
  • Compared to Nat’l Avg. (9.8%): -1.07
Key Companies
  • Sanderson Farms
  • Cal-Maine Foods
  • BancorpSouth
  • Trustmark
Development Trend Indicator: Positive
Business-friendly politics are newly in the air, encouraging companies and owners.
CEO Comments
“Mississippi has made tremendous improvements in their legal system reforms since year 2003.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation