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Mississippi State (U.S.A.), a land of Entertainment and tourism, poultry, cotton and car manufacturing



Mississippi faces lot of economic challenges. The state is a market of + 2 million consumers.
Momentum Mississippi, a statewide, public–private partnership dedicated to the development of economic and employment opportunities in Mississippi, was adopted in 2005.
Mississippi, like the rest of its southern neighbors, is a right-to-work state. It has some major automotive factories, such as the Toyota Mississippi Plant in Blue Springs and a Nissan Automotive plant in Canton. The latter produces the Nissan Titan.
Gambling towns in Mississippi have attracted increased tourism: they include the Gulf Coast resort towns of Bay St. Louis, Gulfport and Biloxi, and the Mississippi River towns of Tunica (the third largest gaming area in the United States), Greenville, Vicksburg and Natchez.
Mississippi collects personal income tax in three tax brackets, ranging from 3% to 5%. The retail sales tax rate in Mississippi is 7%.
Tupelo levies a local sales tax of 2.5%.State sales tax growth was 1.4 percent in 2016 and estimated to be slightly less in 2017.
For purposes of assessment for ad valorem taxes, taxable property is divided into five classes.

On August 30, 2007, a report by the United States Census Bureau indicated that Mississippi was the poorest state in the country.
Major cotton farmers in the Delta have large, mechanized plantations, and they receive the majority of extensive federal subsidies going to the state, yet many other residents still live as poor, rural, landless laborers.
Mississippi ranks as having the second-highest ratio of spending to tax receipts of any state.


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