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UPDATE: Mississippi ranked by Forbes 48th; MDA skeptical

MBJ Staff/Wire

According to Forbes magazine, Mississippi is ranked 48th in the country in it’s 11th annual Best States for Business list, which measures which states have the best business climates and are poised to succeed going forward. Leading the way for the third straight year is Utah, which also ranked on top between 2010 and 2012. Only Virginia in 2013 interrupted Utah’s reign this decade as the Best State for Business.

West Virginia was ranked as the worst state for business, behind Alaska, Mississippi and Maine. It is the second straight year bringing up the rear for the state. Population growth has been anemic—worst in the U.S.—and the state’s college attainment rate is also the lowest in the country with only 19.6% of the population over the age of 25 holding a college degree. West Virginia ranked last in half of our six broad categories, including labor supply, regulatory environment and growth prospects.

Dan Turner, spokesman for the Mississippi Development Authority, said in an email Wednesday:

“The modest increase does not reflect 2016 was a dynamic year for economic development in Mississippi, including the largest single day of new industry capital investment and job creation in the state¹s history.”

In February, the state announced two projects that are expected to create 3,500 jobs in exchange for a $275 million incentives package for the projects, including tax breaks and loans.

Forbes said the state’s jobs creation grew by 1 percent over the previous year.,

Continental Tire is to build a $1.45 billion plant in Hinds County and employ 2,500 and TopShip LLC has committed to creation of 1,000 jobs at the Port of Gulfport for ships to service offshore drilling rigs. Its investment is $2.75 million.

“This year’s ranking was not accompanied by a detailed explanation of the methodology. Without those details, it’s difficult to determine the accuracy of the ranking,” Turner said.

“The real rankings, those performed by professional site selectors and industry officials,are the ones with the ability to bring high quality jobs and significant investments to Mississippi.

Read the entire story here.

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6 comments

  1. Clearly the solution to that is to cut taxes on business and make the poor pay more taxes, while cutting health and education for all. Way to go, right wingers!

    • Perhaps your time could be better spent on educating yourself on what attracts businesses and exactly how states get their ratings.

      • Yeah, I’m really stupid. After 20 years on Wall Street and vetting stories from Forbes reporters, I’m just BLANK about what they use for standards. Sometimes they copied one of my early employers, Institutional Investor. And one of my oldest friends is still a columnist.

        Thanks for trying to make me feel like an ignorant woman. You must love Dump.

  2. I’ve forgotten more than you ever knew. AT II (Institutional Investor) I was on the “statistics” staff for rankings. I didn’t know anything about statistics, but I figured it out, just like balance sheets and income statements, so I could be an equity analyst editor (Series 16, NASD Supervisory Analyst) I became a CPA (never practiced, but passed the test) and an MBA in my old age (favorite course: statistics–I was doing it all the time but never knew how it worked). My finance prof in MBA school said I didn’t need to take the final, I knew more about betas than he did.

    I am sick of this state and all the asshats who think women are stupid from birth. I made some money on Wall Street, but I might as well have married a rich man for all the respect it gets. I went to NYC to make my fortune in publishing, because I had a masters in English and had spent about 8 years teaching English. I had only ONE MATH class at the University of Texas, and it was designed for humanities majors. Publishing turned out to not pay the rent; financial journalism was just beginning, like computers (that is a story in itself).

    Keep telling me how stupid I am. As they say, “Your friends you choose and your family is wished on you.” I’m only here because of 5 prior generations. NOT BY CHOICE.

  3. Educating myself??? Damn you. I am still pissed. 40 years of educating myself and some small town jerk tells me I don’t know what I’m talking about. It was Gilbert Kaplan who started these rankings, and he recently died: http://www.nytimes.com/2016/01/07/arts/music/gilbert-e-kaplan-publisher-and-improbable-conductor-dies-at-74.html?_r=0

    Of course, Kaplan couldn’t compete with YOU. YOU probably came up with millions of ideas as lucrative as rankings, made jillions more than Kaplan, and have conducted numerous symphonies all over the planet. We know you are BETTER THAN ALL WOMEN.

    • So Julia, not sure where you live in MS, but you are welcome to come to Starkville. We could always use intelligent and committed women to raise the IQ and involvement level of our community. Thanks for speaking out.

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