Mississippi Economic Outlook

According to Gov. Phil Bryant, Mississippi is making some major strides when it comes to economic development.

"We're number five for entrepreneurs, which is for small businesswomen in the nation," says Governor Phil Bryant. "We're number nine for economic development opportunity in the nation. If you look at when we were in the bottom, we were 50th, and now we're number nine in the nation for economic development success. We surpassed $100 billion GDP for the first time ever in 2012. Mississippi is doing much better than ever before, and I think that we're just heading in the right direction."

"The 150 new high skilled jobs that are coming to Raytheon in Forest are great so that people can provide for their families," says Sen. Haskins Montgomery, who represents District 34 in the Mississippi Legislature.

Montgomery, and other state leaders contend that the expansion that's now taking place at Raytheon is an example of growing economic momentum in Mississippi.

Bryant projects that legislators will not have to make cuts next year.

"Our revenue has been so high." says Bryant. "We've helped to create about 5,700 jobs. The return on corporate taxes have been higher than ever before because corporations are growing; they're coming to Mississippi. So, you'll see about a 2.4% growth. That's outpacing the rest of the nation. We will not have to make cuts for the first year in a long, long time, and we're going to put money in the rainy day fund."

"There will be no budget cuts to the military in Mississippi, I can guarantee you that," says Sen. Terry Burton, who represents District 31 in the Mississippi Legislature. "Also, there will be some additional funding available to us to do some things that we really need to do in education, the military, public safety and other areas."

The Mississippi Legislature will convene in regular session at noon on Jan. 7, 2014.