Home to the nation’s largest single-unit nuclear reactor, multiple energy component manufacturers, and an emerging unconventional oil and gas play in the Tuscaloosa Marine Shale, Mississippi is the ideal location to invest in the oil and gas industry.
In 2014, the Fraser Institute ranked Mississippi second in the world for future oil and gas investment potential. Enriched with diverse energy resources, including oil, natural gas, coal, and biomass, the state also has a robust energy supply, significant power generation and energy distribution infrastructure, and an excellent transportation system.
Landmark energy-related legislation passed in Mississippi’s 2013 legislative session further strengthens the state’s pro-business environment. A strong and supportive business climate combined with an abundance of resources and a readily available workforce makes Mississippi the prime location for energy innovation. Mississippi earned a top 5 ranking for competitive utility rates from Area Development Magazine in 2014. The state is home to three oil refineries including Chevron’s largest U.S. refinery, which processes 330,000 barrels of crude oil per day.
July 25, 2014 – “We are pleased to be growing in Southwest Mississippi again. Great River Industries will continue to bring innovation and competitive manufacturing/fabrication practices to this region.”- Aaron Shermer, vice president of Business Development for Great River Industries. Formerly known as Enersteel, the company announced the relocation of its corporate headquarters to the Natchez facility. Read the full story >>
August 21, 2014 - Chevron’s Pascagoula Base Oil Plant began operations. The facility represents a $1.4 billion investment and created more than 30 new jobs. With a production capacity of 25,000 barrels per day, the plant positions Chevron as the world’s largest producer of base oil. Read the full story >>
Mississippi’s skilled, productive workforce is one of its greatest treasures. Mississippians have a “can-do” attitude and take pride in a job well done. Robust workforce training programs offered throughout the state equip Mississippi’s workers with the necessary skills to ensure a company’s success. A right-to-work state, Mississippi’s affordable cost of living, low overall cost of doing business, and tax and financing incentives make it an attractive economic option for companies of all sizes—from start-ups to established multinational corporations.
An enterprise is only as good as its people—that’s why more industry leaders are choosing a Mississippi location to compete in today’s global marketplace.
Mississippi is committed to understanding and meeting business’ needs. Our state provides one of the strongest workforce training programs in the nation through our community college network. State officials work closely with companies to tailor workforce training programs to industry specific requirements.
Mississippi’s 15 community colleges offer 26,403 training classes and serve more than 550 companies with customized training solutions.
The Capps Technology Center at Mississippi Delta Community College offers short-term classes, customized training solutions for business and industry, nationally recognized certifications, and job readiness training for those entering the workforce. The Electrical Utility Lineman Training is a 16-week, hands-on program that prepares individuals for entry-level positions as linemen. Trainees learn skills such as making connections of meter loops, transformers, transformer banking, and other equipment on de-energized poles, along with framing and installation of poles and apparatus on the ground.
Mississippi’s four public universities offer ABET-accredited undergraduate degree programs in 15 different engineering fields.
|Mississippi State University||The University of Mississippi||Jackson State University||The University of Southern Mississippi|
|Degree Program||(Starkville, MS)||(Oxford, MS)||(Jackson, MS)||(Hattiesburg, MS)|
|Architectural Engineering Technology|
|Construction Engineering Technology|
|Electronics Engineering Technology|
|Industrial Engineering Technology|
|Petroleum Engineering (to begin in 2015)|
Mississippi’s university system offers exceptional research facilities, in addition to a pool of skilled workers specializing in polymer science, engineering, business, and other fields.
The state’s research universities collaborate with industry partners on relevant research and development initiatives. The University of Southern Mississippi offers one of the nation’s premier polymer research facilities. Mississippi State University and the University of Mississippi offer specialized training for engineers, managers, and research personnel.
The Sustainable Energy Research Center (SERC) integrates studies relating to fuels, economics, policies, and feedstock research. Current SERC research focuses on bio-oil production, bio-crude oil, ligno-cellulosic conversion, feedstocks, and syngas-to-gasoline.
The College of Agriculture and Life Sciences trains professional foresters and agronomists, while the university prepares undergraduates and graduate students in microbiology and chemistry disciplines.
The Mississippi Polymer Institute (MPI) at the University of Southern Mississippi is a national leader in the study of composites, advanced materials, polymers, and plastics. MPI provides contract research and development services, rapid prototyping, incubator space, and testing services to a wide array of industries.
Mississippi is centrally located between the East and West coasts and provides easy access to major U.S. markets including Mobile, Alabama; New Orleans, Louisiana; Atlanta, Georgia; Nashville, Tennessee; Dallas, Texas; Houston, Texas; and St. Louis, Missouri. The U.S. distribution hub of Memphis, Tennessee, is just across Mississippi’s northern state line, and the Gulf of Mexico forms the state’s southern border.
As part of his Energy Works: Mississippi’s Energy Roadmap plan, Governor Phil Bryant recently signed into law landmark legislation that positions Mississippi as a leading destination for energy-related economic development. These sensible, forward-thinking approaches to energy policy also position Mississippi as a state that welcomes a diverse mix of investment in the energy sector.
For a more comprehensive list of clean energy incentives, click here.
Exempts sales tax on energy used in manufacturing. While Mississippi boasts energy costs around 20 percent below the national average, the state now exempts energy used in manufacturing from sales tax, further cutting the costs of one of the key drivers companies consider when choosing a location for new investment.
Gives Mississippi communities the ability to help finance energy infrastructure (for instance, gas lines and transmission lines) for companies that invest more than $50 million in an economic development project. This program provides the state a new low-interest financing tool to help companies locate or expand in Mississippi.
Companies producing oil and gas in the state using carbon dioxide as a method of enhanced oil recovery (EOR) receive a reduced sales tax rate on electricity and fuel used in production. Previous Mississippi EOR policy was considered by many to be the best in the nation, and the 2013 legislation that reduced the sales tax rate for energy used in these operations to 1.5 percent further improved the state’s competitiveness.
Defrays the research and development costs of companies that operate in Mississippi and partner with a state institution of higher learning. Under this program, a corporation that collaborates with a state university for research and development purposes, including energy-related research, is eligible for a 25 percent rebate of the total research costs.
Reduces the severance tax rate to 1.3% for oil and gas extracted from horizontally drilled wells for a period of 30 months or until payout of the well. The legislation applies to all qualified horizontally drilled wells between July 1, 2013 and June 30, 2018.
For a full list of incentives available from the state, visit the incentives page.