MDA Grant & Loan Programs
Mississippi offers a strong portfolio of business incentives for companies creating new jobs and making corporate investments in the state. Incentives include grants and loans designed to meet the infrastructure needs of new and expanding businesses, workforce training programs, small and minority-owned business assistance programs, and statutory tax incentives. The Mississippi Development Authority works closely with prospective companies and existing businesses considering growth opportunities to understand and meet their needs and provide a level of responsiveness second to none. MDA’s Financial Resources Division provides technical assistance to businesses, consultants, economic development professionals and others regarding the state’s incentives.
- Tax Incentives
- Economic Development Grants
- Business Financing
- Programs for Existing Businesses
- Small Business Assistance
- Minority Business Assistance
- Tourism Programs
- Community Development
- Energy Incentives
Rankin County Incentives
- Property Tax Exemption
- Free Port Warehouse Property Tax Exemption
- In-State Inventory Property Tax Exemption
Mississippi Business Finance Corporation
The Mississippi Business Finance Corporation is a public, non-profit corporation with the mission of coordinating a variety of state resources in order to assist businesses and industry in obtaining financing and in positioning the state as an aggressive competitor in the global market. MBFC's financing programs assisting in establishing new facilities and expanding existing businesses. MBFC represents a cooperative effort between the public and private sectors to stimulate both commercial and industrial development and expansion by administering financing programs that provide competitive or below market interest rates and tax incentives for qualified projects. MBFC works in cooperation with financial institutions and economic development entities statewide with the goal of increased employment and capital investment in Mississippi. MBFC is governed by a membership of 25 representatives from the public and private sectors.
- Industrial Revenue Bond Financing (IRB)
- Mississippi Small Enterprise Development Finance Program (SED)
MS Department of Employment Security
The Mississippi Department of Employment Security (MDES) is a federally-funded state agency. The programs of MDES, under direction of the governor of Mississippi, report to the federal government. The U.S. Congress appropriates all funds expended to administer employment security programs. Funding for the Employment Service labor exchange functions comes from the federal Wagner-Peyser Act. Funding for the Unemployment Insurance Division comes from Federal Unemployment Tax Act (FUTA) on employers and is allocated to MDES by the U.S. Department of Labor. All federal funds received by MDES are cleared through the state treasury, and authority to expend these funds is granted by the state legislature.
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