| Metro Jackson Regional Economic Development Business
A Strong and Prosperous Community
Jackson offers a hospitable business climate, with a veritable
bounty of positive factors, including a trained workforce,
dedicated community leaders, and a superb quality of life. In
2000, Mississippi lawmakers gathered for two special sessions,
called by governor Ronnie Musgrove, and created the Advantage
Mississippi Program. The program revamped the state’s economic
development plan, improving infrastructure, and upgrading
incentive packages for new and existing industries.
Lawmakers’ speedy response resulted in Nissan Motor Company’s
announcement of plans to build a new $930 million automotive
plant in Madison County. The plant, with a
250,000-vehicles-a-year capacity, will produce a full-size
pickup truck, a full-size sport utility vehicle, and the next
generation Nissan mini van. Production of the first vehicle
began in the spring of 2003. Initially, 3,300 people were hired,
however; they are expected to employ over 4,000 people bringing
Nissan to the 5th highest employer in the metro Jackson area.
The area is also home to internationally known Gail Pittman
Pottery, located in Ridgeland; and Gray-Daniels Auto Family,
which is one of the South’s largest automobile dealerships,
selling 10 different automobile lines.
With solid leadership in place-in public and private sectors-and
a solid foundation on which to build, the future looks bright
for accelerated business growth in Metro Jackson.
Business Sector Profiles
Agribusiness
Sales of agriculture commodities, such as cattle, cotton,
grains, livestock, poultry, and timber, contribute approximately
$180 million a year to the Hinds, Madison, and Rankin tri-county
area. Livestock is the major agricultural commodity, accounting
for nearly $95 million in sales annually, primarily from poultry
in Rankin County and cattle in Hinds County. Approximately
128,000 of the 240,000 total cropland acres in the tri-county
area are harvested annually. The hub of agriculture-related
lending in Mississippi, Metro Jackson is the headquarters for
several federal, state, and private lending sources.
Construction
Renovations, expansion, and new construction have kept
jackhammers buzzing and dust swirling on Metro Jackson’s
roadways, as well as in the area’s neighborhoods, industrial
parks, and commercial sites.
Distribution and Trade
Transportation companies-such as Richland-based KLLM Transport
Services, a publicly traded company with a fleet of
approximately 4,220 tractors, refrigerated trailers, and dry van
trailers-have flourished in the metro area. Distribution
companies, such as Levi Strauss in Gluckstadt, have planted
solid roots here as well.
Financial Services
Sixteen banks serve the tri-county area, with six of them
headquartered in the area: Consumer National Bank, First
American Bank, First Commercial Bank, and Trustmark National
Bank in Jackson; Madison County Bank in Madison; and Merchant
and Planters Bank in Raymond. Most of the nation’s largest
investment companies are represented in the metro area.
Government
Between municipal, county, state, and federal entities, nearly
40,000 residents work in government-related jobs in Metro
Jackson. Mississippi’s 122 representatives and 53 senators
gather at the state capitol in January for annual legislative
sessions.
Health Care
Metro Jackson’s reputation for excellence in health care has
attracted top-quality, talented medical personnel, whose many
accomplishments have propelled the area to a prominent place on
the health care map. While the University of Mississippi Medical
Center is the region’s centerpiece of health care, the area also
offers many other hospitals and health care facilities-all of
which provide Jacksonians with the best available medical
attention.
Manufacturing/High Technology
Nearly 500 manufacturers-producing fabricated metals, electrical
and electronic equipment, food products, apparel, wood products,
furniture, and transportation equipment, as well as rubber and
plastic products-are represented in Metro Jackson. The area’s
high-technology manufacturers produce automotive wiring harness
components and related automotive equipment, portable electric
tools, welded steel tubing, and aircraft parts, as well as
refurbishment for new and used pagers, litho-laminated
corrugated packaging, and cosmetics.
Retail
Metrocenter Mall and Northpark Mall, the state’s largest retail
centers, are located in Metro Jackson, and growth in the
construction of smaller retail centers continues at a rapid
pace. A new outside mall, Dogwood Festival Market, opened in
Flowood in April 2001. The mall houses more than 33 retail
stores, including Belk, Linens ‘n Things, Borders, Old Navy,
and more.
Telecommunications
Considered a telecommunications cluster similar to California’s
Silicon Valley and North Carolina’s Research Triangle, Jackson
is attracting established companies, as well as nurturing
startup businesses. Organizations like the Mississippi
Technology Alliance and the Communication Information Technology
Organization of Mississippi (CIT.ms) are working towards
economic development in the Metro Jackson area and the state of
Mississippi via science, technology, and education.
Travel and Tourism
World-class exhibits brought to Jackson by the Mississippi
Commission for International Cultural Exchange (MCICE), in
tandem with many local attractions, have attracted record
numbers of visitors to Metro Jackson. In 2006, MCICE will
present, The Glory of Baroque Dresden Exhibition. |