GCBC State of the Coast Symposium highlights increased local revenue

Wednesday morning, business and industry leaders from across the Coast gathered for the annual State of the Coast Symposium. Bill Snyder has more.
Published: May. 24, 2023 at 1:38 PM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

BILOXI, Miss. (WLOX) -12-3-1 isn’t a date. It’s an idea and the de facto theme of the Gulf Coast Business Council’s 4th Annual State of the Coast Symposium.

“Twelve unique cities. Three incredible counties, and one fabulous Coast,” said Jamie Miller, CEO of the GCBC. “It’s what makes us unique. It’s what makes us incredible. It’s what makes us one.”

In this symposium’s equation, 12-3-1 equals $82 million in sales tax revenue. That’s what South Mississippi generated last year. They say that’s 5% better than the rest of the state combined.

“We try to let the numbers inform us on what’s happening in the economy, and it’s clear the Coast, our 12 cities, have benefited in sales tax. That’s really the lifeblood of how revenue gets generated at the municipal level,” Miller said.

They also talked about the national outlook, and what’s coming up in the future, with the theme of 12-3-1.

“If we’re going to attract visitors. If we’re going to grow companies and recruit new companies, we’re going to have to attract people. We’re going to have to skill our people from every age all the way up to retirement, so we’re driving that message home that the future is about our people,” Miller added.

Click here to subscribe to WLOX News on YouTube: Keep up with South Mississippi news, sports, and local events on our YouTube channel!