As an expert in economic development, I have seen firsthand the incentives and benefits that Hattiesburg, Mississippi has to offer for businesses. This charming city in the heart of the Magnolia State may not be the first place that comes to mind when thinking about business relocation, but it should be. In this article, I will discuss why businesses should consider relocating to Hattiesburg, MS.
The Business Climate in Hattiesburg
Hattiesburg is a thriving city with a strong economy and a business-friendly environment. Its strategic location between New Orleans and Jackson makes it an ideal location for businesses looking to tap into the Gulf Coast market.The cost of living in Hattiesburg is lower than the national average, making it an affordable place for businesses to operate. One of the main advantages of doing business in Hattiesburg is its low tax burden. The state of Mississippi offers one of the lowest tax rates in the country, and Hattiesburg is no exception. Businesses can take advantage of a variety of tax incentives, including tax credits for job creation, property tax exemptions, and sales tax exemptions for certain industries. These incentives can significantly reduce the cost of doing business in Hattiesburg.
Access to a Skilled Workforce
Another reason why businesses should consider relocating to Hattiesburg is its access to a skilled workforce.The city is home to several universities and colleges, including the University of Southern Mississippi and William Carey University. These institutions produce a steady stream of highly educated graduates who are ready to enter the workforce. In addition to traditional higher education institutions, Hattiesburg also has a strong technical and vocational education system. The Pearl River Community College and the Mississippi Gulf Coast Community College offer a variety of programs to train students for in-demand jobs in industries such as healthcare, manufacturing, and information technology. Furthermore, Hattiesburg is home to Camp Shelby, the largest state-owned training site in the country. This military installation provides training for the National Guard, Army Reserve, and active-duty military personnel.
As a result, Hattiesburg has a large pool of skilled and disciplined workers with experience in a variety of fields.
Infrastructure and Logistics
Hattiesburg has a well-developed infrastructure that makes it easy for businesses to transport goods and services. The city is served by two major highways, I-59 and US-49, which connect Hattiesburg to major cities in the region. The city also has a regional airport, the Hattiesburg-Laurel Regional Airport, which offers daily flights to major hubs such as Atlanta and Dallas. In addition to its transportation infrastructure, Hattiesburg also has a reliable and affordable energy supply. The city is served by Mississippi Power, which offers competitive rates for businesses.The city also has access to natural gas through the Mississippi Natural Gas Company.
Quality of Life
Aside from its business-friendly environment, Hattiesburg also offers a high quality of life for its residents. The city has a vibrant arts and culture scene, with several museums, galleries, and theaters. It also has a diverse culinary scene with a variety of restaurants offering everything from Southern comfort food to international cuisine. Hattiesburg is also known for its outdoor recreation opportunities. The city has over 20 parks and recreational areas, including the Longleaf Trace, a 41-mile paved trail for walking, running, and biking.The city also has several golf courses, lakes, and rivers for fishing and boating.
Incentives for Businesses
In addition to the general benefits of doing business in Hattiesburg, the city also offers specific incentives for businesses looking to relocate or expand. The Hattiesburg Area Development Partnership (HADP) is the economic development organization for the city and offers a variety of incentives to attract businesses. One of the main incentives offered by HADP is the Hattiesburg Job Creation Grant. This grant provides up to $2,000 per job created for businesses that create at least 10 new jobs in the city. The grant can be used for a variety of expenses, including training, relocation costs, and equipment purchases. HADP also offers a property tax exemption for businesses that invest in new construction or renovation projects in designated areas of the city.This exemption can provide significant savings for businesses looking to expand their facilities in Hattiesburg.
