5 Reasons to Launch a Business in Oxford, MS

Steve Jones

Of the many factors that come into play for those scouting out the best place to live, livelihood is first priority. For entrepreneurs, they need to know if their business will flourish. Will they have access to quality employees? Are there local organizations that provide business development resources, including financial support? Is there a thriving local economy? In Oxford and Lafayette County, the answer is a resounding yes. Here are just a few of the reasons you should start a business in Oxford. 

1. Find Skilled Talent

The region’s public schools serve roughly 4,500 diverse students. Oxford is home to the University of Mississippi, also known as Ole Miss, which has established a trickle-down effect. The children of university staff attend local schools, which are among the highest-rated in the state. Ole Miss itself is known for producing talent in the fields of liberal arts, science, pharmacy, law and engineering.

For owners, this means that they’re getting access to skilled individuals from high-quality public schools and a major university – a win-win for employers and those who choose to build a business in Oxford. 

2. Receive Excellent Support

The Oxford-Lafayette County Chamber of Commerce and the Mississippi Small Business Development Center (SBDC) provide resources for local entrepreneurs. Some of the perks of being a Chamber member include increased visibility to other community leaders via its wide network and access to its numerous events. In the same office, the Economic Development Foundation (EDF) can offer everything from training workshops to mentorship and certificate programs. 

3. Get Startup Resources 

The Mississippi Business Finance Corporation offers a roster of options to help business owners finance their dreams. This ranges from tax exemption for those creating new jobs in the area to backing loans to help businesses build, expand or even buy new equipment. 

4. Make Key Connections 

The area’s already thriving business community includes more than 700 entrepreneurs and professionals – and that’s just Chamber members alone. With a strong presence of university staff, students and retirees, the local small business economy is flourishing, and residents love to support their neighbors. Add to that the numerous networking opportunities available to Chamber members as part of a supportive business community, and Oxford and Lafayette County prove to be a great place for entrepreneurs. 

5. Enjoy an Outstanding Quality of Life 

Oxford and Lafayette County’s quality of life is well-known: It draws diverse people from around the country who come to study but may stay to live. It offers beautiful scenery, a wide range of age groups and diverse demographics, a thriving arts and culture scene (not to mention football and other sports that draw spectators), and an affordable cost of living. Housing costs are well below the national average.