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Mississippi Facts

Mississippi Manufacturing:

  • Mississippi manufacturing multiplies every dollar spent into an additional $2.23 in economic activity, greater than any other sector.
  • For every 100 manufacturing jobs in a Mississippi community, $3,885,648 more personal income per year is added.
  • Mississippi manufacturers exported $11.8 billion to the world in 2012.
  • 13% of all manufacturing jobs and 6% of total private sector jobs depended on exports in 2011.
  • Mississippi’s top export markets in 2012 included Panama, Canada, China and Honduras. Exports to Panama exceeded $2.1 billion.
  • 2,056 companies exported from Mississippi locations in 2011, 76% of which were small- and medium-sized enterprises with fewer than 500 employees.
  • Mississippi’s leading export category is petroleum and coal products, valued at $4 billion in 2012.
  • Manufactured goods exports support 11.9 percent of Mississippi’s manufacturing jobs.
  • Since 2009, Mississippi’s manufactured goods exports rose more than eight times as fast as the state’s overall economy.
  • 76.3 percent of Mississippi exporters are small businesses (2011).
  • Manufacturing accounts for 92.9 percent of Mississippi’s exports (2012).
  • Since 2009, Mississippi’s manufactured goods exports grew 84.1 percent, while the national average increased 46.9 percent.
  • Manufactured goods exports support 11.9 percent of Mississippi’s manufacturing jobs. The U.S. average is 21.9 percent (2009).

The Impact of Manufacturing Jobs on Your Community:

For every 100 jobs, typically the following is added to a community:

  • 156 more people
  • 52 more families
  • 34 additional manufacturing jobs
  • 89 non-manufacturing jobs
  • $3,885,648 more personal income per year
  • $2,370,245 more retail sales per year

Mississippi’s Largest Manufacturing Employers:

 

Industry Employment
Transportation Equipment 41,300
Food Products 22,300
Furniture & Fixtures 18,100
Lumber & Wood Products 13,100
Machinery 11,800
Electrical & Electronic 11,000
Primary & Fabricated Metals 9,600
Chemicals 7,943
Mining (Except Oil and Gas) 7,082
Mining (Except Oil and Gas) 7,082
Plastics and Rubber 5,700
Paper Products 3,900

Manufacturers Pay

  • In 2011, manufacturing employers paid $32.93 per hour in wages and benefits, while all employers in the economy paid about $30.44 per hour, meaning that there is an 8 percent premium for working in manufacturing.
  • Mississippi manufacturers paid nearly $8 billion in total wages and salaries in 2012 — 15% of all nonfarm wages and salaries.
  • In 2012, Mississippi manufacturing jobs paid wages and benefits that were 23% higher than the state average compensation for the rest of the workforce.
  • 61 Fortune 500 companies have more than 90 manufacturing plants in Mississippi.

Manufacturing Contributes

  • Productivity growth produces rising incomes. Manufacturing productivity (output per hour) grew 2.2% in 2012, the largest since 1994.
  • Manufacturing facilities are located in all of Mississippi’s 82 counties.
  • Manufacturing contributed $15.3 billion to the gross state product of Mississippi in 2012 — 15% of the total.
  • Mississippi ranks 6th in the nation in manufacturing employment in 2012 at 12.4% compared to the U.S. percentage of nearly 9%.

Mississippi’s Manufacturing

  • Provided more than 12 direct jobs out of every 100 jobs in the state.
  • Contributed $15.3 billion to Mississippi’s gross state product.
  • Had an average annual pay of $58,346, employing 137,000 citizens.
  • In 2013, 74 international companies from 20 nations were engaged in manufacturing at 89 Mississippi plants, directly employing more than 14,000 Mississippians.
  • Based on a statewide manufacturing multiplier of 1.44, direct manufacturing jobs helped to add another 193,536 jobs in our local communities.
  • Manufacturers engage more in exporting than other sectors of the economy. In 2012, manufactured goods accounted for 93% of Mississippi’s exports.
  • Mississippi manufacturers exported $11.8 billion to the world in 2012.
  • The average manufacturing plant in Mississippi employs 65 employees.
  • In 2012, manufacturing employed 137,000 Mississippians.