A study by SmartAsset recently conducted its sixth study on places in Mississippi receiving the most incoming investment, and Tate County ranked in the top 10 counties in the state.
The research aims to identify areas across the state that are receiving the most incoming investments in sectors such as business, real estate, government and the local economy as a whole. The study considered three factors: the Gross Domestic Product (GDP), new business launches and new building permits to find the counties receiving the most investment locally.
The study compared change in the number of businesses established in each location throughout a three-year period to determine whether people are starting new business ventures in each county.
The research also took into account the inflation-adjusted GDP growth in each county. Increases in local GDP show growth in the local economy. Investment and development in the local residential real estate market were also considered. To measure the real estate growth the number of new building permits per 1,000 homes were measured.
The three factors were then combined to create a final ranking of counties based on an incoming investment index.
According to the research, Tate County ranked number nine on the list. Tate showed a business growth of 2.1%. As for GDP growth, Tate showed a growth of $32,000,000. The study also showed Tate County had 12.4 new building permits per 1,000 homes. Combined, those numbers gave Tate County an incoming investment index of 37.60.
The list of the top 10 Mississippi counties by incoming investment index are listed below:
• Desoto County- 51.95
• Hancock County- 47.82
•Madison County- 43.82
•Carroll County- 42.12
•Harrison County- 31.37
•Marshall County- 40.57
•Greene County- 37.91
•Choctaw County- 37.65
•Tate County- 37.60
•Montgomery County- 37.43
Additional information about the study and more details on the rankings, can be viewed online at www.smartasset.com.
