The primary mission of the Carthage Improvement Corporation and the Carthage Economic Development Corporationis to maintain and expand the tax base of the City of Carthage, to create new value-added full-time jobs for the citizens of Carthage, to retain existing value-added full-time jobs, and to be instrumental in making Carthage a progressive community. The strategic goals of these corporations are:
- To encourage, support, and financially assist in the retention and expansion of existing Carthage businesses and industries;
- To attract the location of new manufacturing companies and industries to Carthage with available sites and buildings, financial incentives, available and technically-skilled workforce, and other support services;
- To encourage, support, and financially assist in the development and diversification of small businesses in Carthage; and
- To assist with activities which contribute to the overall quality of life in Carthage.
Employment opportunities are numerous with a strong economic base consisting of retail and service oriented businesses, antique and specialty shops, commercial food processing, agriculture and timber, industrial and light manufacturing plants, and oil and gas processing.
Local businesses and industries are well supported by the Panola County Chamber of Commerce/Industrial Foundation, the City of Carthage Economic Development Board, and the Carthage Improvement Corporation Board. These groups provide information and support for assisting businesses and attracting new industries to this area.