From a state's perspective, the universally essential factors in creating a climate ripe for job creation is the elimination of unnecessary and burdensome taxes and regulations and the existence of a highly skilled workforce.
Since I took office in 2012, curbing taxes that dissuade industries from locating in Mississippi or damper the growth of our existing businesses has been one of my primary goals.
In my first year as governor, we started with inventory taxes. Under the new law, businesses that pay inventory tax are eligible for tax credits against their state income-tax liability. Those credits help offset what a company pays in inventory tax, effectively ending what amounted to double taxation.