Richland’s convenient location and growing population of more than 6,000 make it an ideal place to do business. Located just south of the Interstate 20/Interstate 55 axis, Richland is bisected by U.S. Highway 49. Industrial sites have rail service provided by Canadian Northern and Kansas City Southern Railway, which offers an intermodal center with truck-to-rail cargo container transfer.
Economic incentive packages and pro-business policies are attractive to industrial, commercial, and retail businesses alike. With 1,845 acres of land zoned industrial, and 560 acres commercial, all with utility service and city streets, Richland can accommodate new development as well as expansions. Some 400 companies employing more than 5,000 workers attest to the dynamic business life of this community.
A large portion of Richland has been designated an Opportunity Zone pursuant to the 2018 Tax Reform and Jobs Act. For more information about opportunity zones, please visit: https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx . To inquire specifically about Richland’s designation, please contact the City Clerk’s Office at 601-932-3000.
The city also provides excellent professional police and fire protection and 911 services.
The city of Richland’s ad valorem tax rate is among the lowest in the metro Jackson area at 19 mills. The tax rate for business and residential property is the same. A 7% state sales tax is collected on all retail purchases. An additional 2% economic development tax is applied to all prepared food items, as well as an additional 3% economic development tax applied to all hotel and motel room rentals.
Just as the City of Richland offers support to the business and industrial community through sound infrastructure and other incentives, so the business community supports the city in many ways. Businesses sponsor such events as the 49 Festival, the Golf Tournament, and many other community activities. Businesses are also generous in their support of the Adopt-A-School program and other civic endeavors.
Healthy sales tax revenues have facilitated financing for the city library, parks, streets, and public safety. Sales tax collections and a consistent rate of growth have helped keep property taxes low.