Blueprint Mississippi

Vision, Goals and Recommendations

August 9, 2004

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Steering Committee CHAIRRobert KhayatChancellorThe UniversityOf Mississippi

Aubrey PattersonChairman and CEOBancorpSouth

Carolyn ShanksPresident and CEOEntergy Mississippi

Richard HicksonChairman and CEOTrustmark Corporation

Anthony TopaziPresident and CEOMississippiPower Company

John McCullouchPresidentBellSouth - Mississippi

Blake WilsonPresidentMississippiEconomic Council

Pat NicholsPlant ManagerDuPont - DeLisle

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SponsorsBancorpSouthBellSouthDuPontEntergy MississippiMississippi Economic CouncilMississippi Partnership for Economic DevelopmentMississippi Power CompanyPublic Education Forum of MississippiThe Robert M. Hearin FoundationTrustmark Corporation

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Agenda

The Case for Change

Vision and Goals

Key Recommendations

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A Tale of Two States

Fastest per capita income

growth in South

Fifth highest gain in national

writing test scores

Low labor and real estate costs

Second highest poverty rate in

the South

Labor productivity about 2/3 of

national average

Worst perceived liability climate

in the nation

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Strong FoundationsSmall business lending per worker is 2nd

highest in the nation

3 out of 4 schools meet new Federal yearly progress standards

College attainment in Jackson ranks 5th

among major urban areas in the South

Home ownership rates rank 7th in the nation

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Global Economy Is Changing

Global Markets

Innovation and Technology

Service Industries

Knowledge Workers

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Neighborhood Is StrongEmployment Growth, 1993-2003

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Vision

A prosperous, vibrant and A prosperous, vibrant and resilient Mississippi, built resilient Mississippi, built

upon a foundation of upon a foundation of economic opportunity for all economic opportunity for all

of its citizens of its citizens

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Economic GoalsRank Among 12 Southern States

1993 to 2003 2005 to 2010 2010 to 2015

Per Capita Income GrowthPer Capita Income Growth

1 1 1

Employment GrowthEmployment Growth

1993 to 2003 2005 to 2010 2010 to 2015

11 8or higher

6or higher

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Blueprint Mississippi Themes

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Blueprint Mississippi Themes

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Innovation and Diversification TomorrowToday

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Goals and RecommendationsDiversify and improve Mississippi’s economic base• Identify and pursue high value, high

growth industry targets

• Increase R&D funding; strengthen technology transfer and access to capital

Increase support for existing firms• Improve productivity of existing businesses

through technology and process improvement

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Key TargetsRank Among 12 Southern States

2001 2010 2015

HighHigh--Tech Share of EmploymentTech Share of Employment

12 9 6

Manufacturing Productivity RateManufacturing Productivity Rate2000 2010 2015

12 9 6

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Blueprint Mississippi Themes

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Goals and RecommendationsStrengthen business image• Identify and track internal and external

perceptions of Mississippi• Develop, implement and monitor

coordinated internal and external marketing plan

Enhance competitiveness of legal environment • Promote recent enhancements to

Mississippi’s liability system; ensure legislative reforms are properly implemented and maintained

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Key Targets

2004 2010 2015

Image for Locating or Expanding BusinessImage for Locating or Expanding BusinessRank among 12 Southern StatesRank among 12 Southern States

Unknown 6 6

Perception of Liability SystemPerception of Liability SystemRank among 50 StatesRank among 50 States

2004 2010 2015

50 40 30

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Blueprint Mississippi Themes

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Education Attainment Remains Low

Percent of Persons 25 Years of Age and Older

with a High School Diploma

56.3%56.3% 81.0%81.0%0%

10%

20%

30%

40%

50%

60%

70%

80%

19902003

U.S. U.S. Rank: Rank: 46th46th

90%

U.S. U.S. Rank: Rank: 41st41st

Percent of Persons 25 Years of Age and Older

with a Bachelor's Degree

19902003

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%U.S. U.S.

Rank: Rank: 48th48th

19%

12.9%12.9% 19.0%19.0%

U.S. U.S. Rank: Rank: 46th46th

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Goals and RecommendationsBetter prepare children for school• Expand and improve

Pre-K programs

Maximize number of people graduating high school• Underscore linkage between

education and employment, targeting middle school students

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Goals and RecommendationsTrain, mentor and retain more and better teachers• Establish system to retain best teachers

and increase teacher supply in high-demand subject areas

Increase participation in adult worker training programs• Reorganize and consolidate lifelong

learning programs around workforce needs

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Key Targets

2000 2010 2015

Percent of 3 and 4 Year Olds Percent of 3 and 4 Year Olds in Prein Pre--K ProgramsK Programs

52% 55% 60%

2000 2010 2015

PrePre--Freshmen Year DropFreshmen Year Drop--out Rateout Rate

9.6% 7.8% 6.1%

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Blueprint Mississippi Themes

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Keys to SuccessPrivate, public, nonprofit partners

Clear and focused statewide plan

Measurable performance objectives

Continuous monitoring and improvement process

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Goals and RecommendationsEstablish and sustain an economic development vision and strategic plan for Mississippi • Activate and strengthen the Statewide

Economic Development Planning Act of 1987

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Next StepsContinue steering committee activities

Involve key stakeholders in recommendation implementation

Identify specific policy and legislative initiatives required for Blueprint implementation

Monitor progress toward recommendations and targets

Update actions as needed

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