From the Governor
“We will move Mississippi up the charts. We will make investments and we will get results.” —Gov. Tate Reeves
A Moving Up in the Magnolia State
German tire manufacturing Continental Tire is on track to have its $1.45 Mississippi’s growth rate may be low by national standards, but it’s on the rise, and GDP growth hit a 10-year high in 2018. New developments such as the Continental Tire factory in Clinton and growth in the aerospace industry are fueling new promise. Toyota, Amazon and VT Halter Marine have recently announced projects here.
Development Infrastructure Grant Program: Offers grants to municipalities and counties to finance public infrastructure projects that promote economic growth throughout the state.
Mississippi Data Center Incentives: 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 infrastructure improvements that support business expansion or location.
Advantage Jobs Program: Offers a rebate as a percentage 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 manufacturer or assemble components for the aerospace industry.
Mississippi Development Authority: mississippi.org
Greater Jackson Alliance: greaterjacksonms.com
Hattiesburg Area Development Partnership: theadp.com
Highlighted Program or Initiative
The Site Development Grant Program offers grants to assist with preparing site-ready locations to attract new industry and private capital investments to the state. The program offers Ready Sites and Premiere Sites, offering up to $50,000 and $250,000 of funding respectively.
- SYNNEX announced in February 2018 a $20 million investment and the creation of more than 600 jobs over the next five years in Northwest Mississippi.
- Toyota Mississippi announced in April 2018 it will create 400 jobs at a $170 million in an expansion at its plant in Blue Springs.
- Amazon announced in December 2018 it will create 850 jobs at a new fulfillment center to be constructed in Marshall County.
- Shipbuilder VT Halter Marine announced in May 2019 it will invest $37.5 million and create 900 jobs over the next five years at an expansion in Pascagoula.
- Relativity announced in June 2019 it will expand its production at NASA’s Stennis Space Center in Hancock County. The $59 million project will create 190 jobs.
- Medline announced in August 2019 it will invest $46 million and create 450 jobs at a new distribution operations in North Mississippi.
VT Halter Marine
“We are excited to partner with the Mississippi Development Authority to bring our patented 3D printing rocket platform to Hancock County. We look forward to working together to bring more innovation, economic development and job growth to the Gulf Coast and progressing American space leadership.” —Jordan Noone, Co-founder and CTO, Relativity
“We are looking forward to being an active part of the Southaven community. It’s an ideal location for a distribution hub of our larger Mid-South distribution territory and enables us to expand our presence as a local employer.” —Dmitry Dukhan, Vice President of Real Estate Operations, Medline
“This was a very competitive selection process. Our design package, the local workforce and facilities in Pascagoula set VT Halter Maine apart from our competitors and made this win possible. We have received tireless support from the Mississippi Congressional delegation, [former] Governor Bryant and local leaders in Jackson County throughout this process.” —Ron Baczkowski, President and CEO, VT Halter Marine