Home » 2014 Best & Worst States » Mississippi is the 37th Best State for Business 2014

Mississippi is the 37th Best State for Business 2014

Despite losing 1 million chickens to tornadoes over the past year, poultry sales are expected to increase this year due to “factors that are hurting beef and pork,” according to the Mississippi Business Journal. In addition, the Federal Aviation Administration has approve a $4.8 million grant to the state for airport safety improvements. Also, the Mississippi Legislature passed $17 million in tornado relief funding, which should help the state’s business economy.

Previous State: Maine Next State: Oregon

No. 37 Mississippi

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 1.6
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.1

Unemployment

  • Unemployment Rate Dec. 2013 %: 8
  • Comparison with Nat’l Rate (6.70%): 1.3

Domestic Migration

  • Domestic Net Migration 2013: -7,038
  • Rank: 37

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 2,453
  • State & Local Gov’t Employees per 10k Residents: 647.7

State-Local Tax Burden

  • Rate (%): 8.7%
  • Compared to Nat’l Avg. (9.9%): -1.17%
Key Companies
  • Sanderson Farms
  • Cal-Maine Foods
  • BancorpSouth
  • Trustmark
Development Trend Indicator: Positive
Job growth rises and it exempts manufacturers from paying energy sales tax.
CEO Comments
“Mississippi continues to struggle with the rebuilding of the coastal areas from the devastation of Hurricanes Katrina and Rita.”


Based on CEO Survey by ChiefExecutive.net

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

About JP Donlon

JP Donlon
JP Donlon is the Editor-in-Chief of Chief Executive magazine.