Based on its gross domestic product, Mississippi’s economy was on track in 2021 to expand at the fastest pace since 1994. State economists noted growth was driven by an infusion of federal funds and pent-up demand for retail products and services. Yet while consumers and consumer goods rebounded in 2021, so too did economic development in the state. General Atomics, Ocean Aero, Edelbrock and Milwaukee Tool all announced investments in the past year.
Mississippi Data Center Incentive: Offers a sales tax exemption for all computing equipment and software used by companies certified as data centers by the Mississippi Development Authority.
Capital Improvements Revolving Loan: Offers loans to counties or municipalities to finance public infrastruc- ture improvements that support business expansion or location.
Advantage Jobs Program: Offers a rebate as a per- centage of Mississippi payroll to qualified employers for a period of up to 10 years for businesses that promote significant expansion of the economy through job creation.
Mississippi Aerospace Initiative Incentives Program: Offers corporate tax incentives to companies that man- ufacture or assemble components for the aerospace industry.
The ReSkill Mississippi initiative (ReSkillMS) helped ease economic burdens and uncertainty in the pandemic with community college or on-the-job training for work- ers. As of September 2021, more than 2,000 residents were enrolled in the program, providing workers for 71 employers.