JACKSON — Gov. Haley Barbour has signed a bill that would provide furniture manufacturers a $2,000 tax credit for new cut-and-sew workers.
Supporters of the bill say it will help keep jobs in the state. Many of those jobs have been lost to foreign countries where the labor costs are cheaper.
Supporters say the tax break is designed to make the Mississippi work force more attractive to the furniture manufacturers, many of which are located in Northeast Mississippi.
The bill is House Bill 1674.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info