48. Mississippi

Try to see the forest for the trees in the Magnolia State, where low costs don’t make up for a poorly educated workforce.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 206 46 44
Infrastructure 150 41 (Tie) 31
Cost of Doing Business 272 1 3
Economy 76 47 50
Quality of Life 105 44 44
Technology & Innovation 63 46 50
Education 54 46 48
Business Friendliness 34 43 47
Access to Capital 20 44 (Tie) 34
Cost of Living 50 1 1
Overall 1030 48 47 (Tie)

Economic Profile

Governor: Phil Bryant, Republican

Population: 2,988,726

GDP growth (Q4 2016): 0.1 percent

Unemployment rate (May 2017): 4.9 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 18.79 cents/gallon

Bond rating/outlook (Moody's, S&P): Aa2, AA negative

Major private employers: Nissan North America, EastGroup Properties

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • Invest in You: Ready. Set. Grow. is focused on improving Americans’ money knowledge of saving, spending and investing.

  • Automation, AI and machine learning will radically influence the relationship between employers and their workforce.

  • The nexus of technology -- cloud, social, mobile and data -- are transforming user behaviors and creating new businesses.