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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