Mississippi: From Cotton to Culture
A growing list of global companies and entrepreneurs are calling Mississippi home. Competitive energy and operating costs combine with the state’s robust workforce training programs to create a favorable environment for industries to thrive. The state’s strategic location offers easy access to U.S. markets and recent tax and energy reform add to Mississippi’s growth capacity.
In recent years, foreign owned companies have invested significant amount of capital to open or expand facilities in Mississippi. These foreign-owned companies from around the world, including Germany, employ tens of thousands of workers in Mississippi. Currently, approximately 2,800 workers are employed by companies based in Germany.
Mississippi is the nation’s top nine state for doing business, and the top five state for the overall cost of doing business (Area Development Magazine 2012). The Magnolia State is well-connected through an extensive infrastructure network, including 14 federal highways and six interstates, access to the Intracoastal Waterway, six large rivers, with the main one being the Mississippi River. The state has two international airports, one in the state capitol Jackson and one in Gulfport.
Another lucrative fact for investors is that energy costs in the state are up to 20 percent below the national average, making it a profitable businesses location. In addition, Mississippi is one-day accessible to 55 percent of U.S. business, offering more than half of the U.S. businesses gateway ports to Central and Latin America and other trade destinations.
International companies are aware of the abundant economic opportunities Mississippi offers. Industries that have developed after the state’s economy shifted from a mainly agricultural and timber producing state to modern sectors such as manufacturing, automotive and energy, are strong and growing. The critical need to educate a twentieth century workforce is led by German and European companies in the state, and the initiative that is pursued together with public institutions of higher education, technical colleges and schools.
Mississippi, ‘The Birthplace of America’s Music’ – the Blues is evolving into one of the nation’s fastest growing and sustainable places to do global business in a variety of industries.