Mississippi is one of the most frequented destinations for tourists in the US. Aside from the tourism industry, casino gambling has also given the economy a boost. These two industries, in particular, saw a significant amount of startups emerging in the past few decades or so. In particular, they were most evident in the resort towns of Mississippi namely St. Louis, Biloxi, and Gulfport. The gambling industry in Mississippi is ranked number 6 in the country in terms of revenue.
What does this mean for investors who are looking to start a business in the state? It shows a potential for business growth. It showcases the distinctive advantages offered by the state's marketing and transportation network.
In addition, there are tax exemption programs for business entities that establish its base in Mississippi. Two of those programs that offer major tax incentives are the Manufacturing Investment Tax Credit Program and Industrial Property Tax Exemption. Business investors can also get access to loan programs to fund the startup of their business.
There are also certain challenges that business owners face when starting a business in Mississippi. For example, there is limited life for LLCs and foreign ones must cover high registration fee. It is important to keep these in mind when deciding to start a business in the state.
At the request of our visitors we've included the below local insurance contacts for most cities in Mississippi. No matter where you live in Mississippi, it's important to have auto insurance to help cover the cost of property damage, medical bills, and legal services. In fact, the state of Mississippi requires that all drivers show that they have auto liability insurance for their car. If you want to compare local rates and get affordable quotes, start with the local insurance contact in your city. These companies can help you find low cost coverage and take advantage of discounts offered by insurance carriers so you can find a cheap policy that works well with your budget.For additional information on traffic laws or driving schools please navigate to your respective state using the map.
The word Mississippi comes from the Ojibwe (an indigenous language of North America from Algonquian language family) word misi-zibi, which means "Great Lake" in English. Its name is derived from the Mississippi River, which stretches throughout the western boundary.
The state is known for its magnolias, bluegrass music (which preceded the birth of Jazz), and southern charm. It is also the birth place of King of Rock and Roll Elvis Presley.
More than 3 million people reside in this state and it's a home to a number of historical monuments and museums. It has more churches per capita than any other state. It is also the world's leading producer of pond-raised catfish and the second biggest producer of cotton in the country.
The economy of the state is largely dependent on manufacturing and services, primarily government (local, state, and federal), retail and wholesale trade. It also became the leading producer of broiler chickens, as majority of state's farms focus on livestock and dairy products.
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