Southaven Chamber of Commerce, Southaven Mississippi

8700 Northwest Drive • P.O. Box 211 • Southaven, Mississippi 38671
Phone: 662-342-6114 • Fax: 662-342-6365
Toll Free: 800-272-6551

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ECONOMIC NEWS - 10/20/04
CBL & Associates Properties, Inc. today held the official groundbreaking ceremony for Southaven Towne Center. The 400,000-square-foot open-air shopping center will feature two department stores, Dillard's and JCPenney, more than four large space retailers including Circuit City, Linens 'N Things and Pier 1, plus over 40 small shop retailers and numerous restaurants. Southaven Towne Center, located in the I-55 and Goodman corridor, will open next October.

In 2002, DeSoto County was named Best Small Market by Southern Business and Development Magazine based on new jobs and capital investment.

Southaven and DeSoto County has been recognized as the top Small Market in the South, according to Southern Business and Development Magazine. The 28% population growth and the 188% retail sales growth from 1990-2000 is impressive, but consider another statistic. Every week in November 2001, 7.4 new families moved to DeSoto County. Newcomers setting up new households have an extremely high demand for products and services. Median family income is the highest in the state, and median home value also ranks second in the state. Southaven is at the heart of the thriving logistics industry and within minutes of the world’s busiest cargo airport, Class I rail systems, the second-larges U.S. inland port, and a network of interstate highways.

For more in-depth demographics, visit the DeSoto County Economic Development Council. In conjunction with the Southaven Chamber of Commerce and the City of Southaven, they promote business and industrial growth in DeSoto County. The Council provides confidential assistance to relocating and expanding industry and business with current statistical data, labor market analysis, information on community services, government and financial issues, etc.

"At the time of the census, DeSoto, at $48,206, had the highest median household among the eight counties in the Memphis Metro area."

Population

Memphis MSA

1,147,825

Southaven

28,977

Median Age (in years)

33.1

Male

49%

Female

51%

Number of Households

11,007

Average Household Size

2.62

Average Family Size

3.04

Household Income

Households

11,037

Median HH Income

$46,691

Under $15,000

10.3%

$15,000 - $24,999

10.1%

$25,000 - $49,999

33.1%

$50,000 - $99,999

38.9%

$100,000 - $149,999

5.4%

$150,000 or more

2.2%

Education

Less than H.S. Graduate

17.4%

H.S. Graduate

35.2%

Some College-Assoc. Degree

33.1%

College Grad or Higher

14.3%

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Bank of America is pursuing plans to open a loan production office in DeSotoCounty…“We have identified Mississippi as a growth market.
Memphis Business Journal, Sept. 17, 2004

In 2004, Southaven was listed as one of the country's Top 100 Small Cities by Greyhouse Publishing
In 2004, Southaven was selected as "Community of the Year' by the Mississippi National Guard.
In 2002, DeSoto County was named Best Small Market by Southern Business and Development Magazine based on new jobs and capital investment.

EDUCATION
DeSoto Count Schools rank among the highest in the state; there are currently 10 new schools under construction along with extensive renovations to existing schools; Northwest Mississippi Community College and University of Mississippi are located in Southaven; Delta Technical College recently opened; SBEC and Sacred Heart School offer the finest in private education

RETAIL
With small businesses, national retailers and three malls underdevelopment, Southaven is the retail center of DeSoto County and north Mississippi.

DOWNTOWN DEVELOPMENT
The 51 & Main Association, a division of the Southaven Chamber of Commerce, is a powerful threefold approach to revitalization for Southaven's original business district.

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The Business Kit includes Southaven Magazine and demographics.

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