JACKSON, Miss.- Move Forward Mississippi held a press conference at the Capitol in Jackson Thursday to discuss the economic impact Nissan has had on Mississippi.
The information came from research conducted by the National Strategic Planning and Analysis Research Center (NSPARC) at Mississippi State University and proved that Nissan has had a significant economic impact.
Nissan opened in 2003, and since that opening it has created 6,000 jobs within the plant and continues to create jobs outside of the plant as well. It is estimated that 25,000 direct and indirect jobs have been created as a result of Nissan.
“Nissan, using a Mississippi workforce, put us on the map for economic development and has truly put Mississippi in the place of greatest opportunity,” said Blake Wilson, President and CEI of the Mississippi Economic Council and an MMF board member.
The 2016 study shows:
- $300 million in annual state and local tax revenue (up from $180 million in 2013)
- $2.6 billion in disposable income annually (up from $1.2 billion in 2013)
- $2.9 billion to the annual state GDP (up from $2.5 billion in 2013)
- 9,000 new jobs statewide since 2013
- Median family income is up in Madison County by $2,673 ($75,673 now versus $73,000 in 2013) The national average is $65,443.
“With the arrival of Nissan in 2003, Mississippi has become globally competitive,” said Dr. Mimmo Parisi, Executive Director of NSPARC. “In the final analysis, one can clearly conclude that Nissan Canton has made a big impact on the state of Mississippi, serving as a catalyst for supporting and expanding the economic growth in the state.”
*Move Mississippi Forward promotes economic opportunities within the state of Mississippi, speaking as a community voice for economic development.
