Basic Information about Mississippi
2021/5/21
Links to Basic Economic Data
State of Mississippi City of Jackson City of Gulfport |
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Overview
- Mississippi’s best-known nickname, the “Magnolia State”, honors the beauty of the official state tree, the Magnolia.
- Mississippi is the birthplace of numerous celebrities and historical figures, such as Elvis Presley (Tupelo), Tennessee Williams (Columbus), James Earl Jones (Arkabutla), BB King (Berclair), and Oprah Winfrey (Kosciusko).
- Mississippi lies entirely within the Central Standard Time zone.
- Mississippi is the 34th most populous state, with about 3.0 million residents in 2020.
- By land area, Mississippi is the 31st largest state in the nation and is about one-third the size of Japan.
- Mississippi exports almost $12 billion each year. Of that amount, about $370 million is exported to Japan annually. To exports to Japan are medical instruments (HS9018), chemical elements(HS3818), orthopedic appliances (HS9021), and chemical wood pulp (HS4703)
- Mississippi imports $17 billion in products each year. Of that amount, about $760 million is imported from Japan annually. Top imports from Japan are motor vehicle parts (HS8708), medical instruments (HS9018), aircraft parts (HS8803), and engine parts (HS8409).
Japanese Business Connections
- The Mississippi Development Authority reports about 50 Japanese-owned companies operating in the state.. Employment by Japanese companies is almost 15,000 people. Japan is the largest foreign investor in Mississippi
- Leading Japanese companies with operations in Mississippi include Nissan, Toyota, Yokohama Tire, Ajinomoto Foods, Kuraray, and many others.
- Calgon Carbon is currently expanding their production of activated carbon with a $185 million investment, expected to be completed in late 2022.
- Mississippi is one of seven (7) member-states of the Southeast U.S. Japan Association (SEUS). SEUS was created in 1976 to promote trade, investment and friendship between Japan and the southeastern United States. A companion organization exists in Japan, the Japan U.S. Southeast Association. The two groups host a joint Annual Meeting each year, alternating between a Japan host and a U.S. host. The 2019 joint annual meeting was held in Savannah, GA and the 2020 meeting was scheduled for Tokyo, but was cancelled due to COVID-19. The Mississippi Development Authority coordinates the Mississippi delegation to the Annual Meeting.
- Mississippi exports almost $12 billion each year. Of that amount, about $370 million is exported to Japan annually. To exports to Japan are medical instruments (HS9018), chemical elements(HS3818), orthopedic appliances (HS9021), and chemical wood pulp (HS4703)
- Mississippi imports $17 billion in products each year. Of that amount, about $760 million is imported from Japan annually. Top imports from Japan are motor vehicle parts (HS8708), medical instruments (HS9018), aircraft parts (HS8803), and engine parts (HS8409)
Representative Office in Japan supports bilateral trade & investment
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Mr. Yukio Kobayashi, Director |
State Government Priorities
- Gov. Tate Reeves (Inaugurated January 2020) has listed his administration’s priorities as improving education, promoting public safety and criminal justice, improving healthcare, expanding workforce development, and promoting economic growth.
- Late in 2020, Gov. Reeves suggested Mississippi should eliminate the state income tax, one of the largest sources of revenue for the state.
- In August 2020, Gov. Reeves launched a new workforce training program, the ReSkill Mississippi (ReSkillMS) Initiaitive. Funded with $55 million from federal pandemic relief, the program allows Mississippians who lost their jobs to receive skills training at the state’s community colleges. The program also supports employers willing to hire and train Mississippians.