According to research, the Nissan plant has propelled Mississippi into global contention in automotive manufacturing and technology. A study on the Canton manufacturer was released Wednesday.
Just over 10 years ago a bean field sat along I-55 where the Japanese automobile manufacturer has since built nearly 2.4 million vehicles with more than 5,600 workers.
The successes of the facility were praised at the State Capitol where Move Forward Mississippi released data on its impact on the state's economy. The nonprofit organization released a study Nissan Canton:10 Years Later by Mississippi State University's National Strategic Planning and Analysis Research Center.
"Because of Nissan we have an additional $1.2 billion dollars in disposable income. Because of Nissan, 10 years we now enjoy $180 million dollars in state and local taxes," said nSPARC Professor and Director Dr. Domenico "Mimmo" Parisi.
Data further states that Mississippi has an additional 16,000 jobs and more than 27,000 new homes in the metro area, 10,000 in Madison county alone. Today the county and state have been transformed into a global player in automotive manufacturing and advanced technology.
"We want to get the message out of what advanced technology has meant in Mississippi so that we can continue to advance it," said Move Mississippi Forward Executive Director James Hull. "So that we can continue to help it grow and keep the industries here."
Officials say Nissan's progress has helped lure other auto industry manufactures like Toyota and suppliers like Yokohama Tire.
"Even in the time of economic recession the area has been able to weather one of the worse economic recessions in the country," added Parisi. "So when you put those statistic in perspective you realize immediately that this is truly a good story."
Research information includes statistics from the latest census. In Madison county there has been a median household increase of $26,000.00.
In 2003 the poverty rate in the county was 24%. Today it is down to 13%, the lowest in a decade.
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