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.
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