36. Mississippi

The Magnolia State offers very low business costs, including the lowest wages in the nation. But a plaintiff-friendly legal system has kept many businesses away.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 342 4 (Tie) 3
Workforce 170 17 18
Quality of Life 112 38 37
Infrastructure & Transportation 180 31 (Tie) 36
Economy 223 26 (Tie) 47
Education 36 48 47
Technology & Innovation 51 47 44
Business Friendliness 21 49 49
Cost of Living 45 6 10
Access to Capital 10 31 (Tie) 39
Overall 1190 36 41

Economic Profile

Governor: Phil Bryant, Republican

Population: 2,991,207

GDP growth: 1.6 percent

Unemployment rate (May 2014): 7.5 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 37 cents/gallon

Bond rating/outlook: Aa2/stable

Major private employer: Huntington Ingalls

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Harrison County Development Commission

Top States For Business

From the Governors

Latest Special Reports

  • Tips on the best-performing portfolio strategies and global market trends that can help you become a smarter investor.

  • From left: Sergey Brin, Dick Costolo, Ryan Seacrest

    Code Conference, from those who produced D: All Things Digital Conference, addresses the impact of digital technology on our lives and businesses.

  • Financial Advisor

    CNBC looks at how technology, product development, succession plans and client relations impact financial advisory firms.