Economic Development

The application to be submitted by a company must include: A. Documentation that the Company is an At-Risk Industry; B. The purpose of the proposed loan including a list of eligible items and the cost of each; C. Documentation on how the financing of the project will improve prod…

MDA may require additional information as needed. Two (2) copies of the application must be submitted. Notes 6 Miss. Code. R. 1-1.5 Miss. Code Ann. § 57-9-1 (Rev. 2008)

Based upon the terms and conditions established by MDA, MDA will prepare all security and loan documents, including but not limited to, the Loan Agreement and Promissory Note, (collectively "Loan Documents"). Prior to disbursement of any funds, all Loan Documents must be fully ex…

Loans and grants made under the Job Protection Loan Program are subject to audit by the State Department of Audit. Notes 6 Miss. Code. R. 1-1.7 Miss. Code Ann. § 57-9-1 (Rev. 2008)

These guidelines may be amended by MDA at anytime. MDA, in its discretion, may temporarily waive any requirement of the guidelines to the extent that the result of such waiver is to promote the public purpose of the Act and is not prohibited by State Law. Notes 6 Miss. Code. R. 1…

The purpose of this program is to promote industrial and other significant development in the State of Mississippi ("State") through the construction and/or improvement of highways in areas, which demonstrate actual and immediate potential for the creation, or expansion of major …

MDA will make disbursements on Highway Projects according to the following procedures: A. Construction by the Department of Transportation: (i). No cost incurred will be considered an eligible cost until the Highway Project is approved by MDA. (ii). Committed funds, in the form o…

Local Entity means one or more counties or incorporated municipalities in the State or a State-owned port located in a county bordering the Gulf of Mexico. Notes 6 Miss. Code. R. 1-10.2 Miss. Code Ann. § 65-4-1 etseq. (Rev. 2005)

A high economic benefit proj ect ("Company Project") is a proposed project by a company which meets one of the following capital investment criteria: A. Any new capital investment by a private company in land, building, depreciable fixed assets and improvements of at least fifty …

Private companies which are eligible for assistance under the Economic Development Highway Program ("EDH") are: A. Agricultural Enterprises. An enterprise which is engaged in business related to farming, agricultural endeavors or other related business and services supporting the…

Prior to submitting an application for assistance under the EDH Program, the Local Entity must receive a commitment from the Governor or MDA, and the type of construction regulations to be used must be identified. The Mississippi Department of Transportation ("MDOT"), MDA, the Of…

There are three options for Highway Project construction: construction by MDOT; construction by a Local Entity on a state designated highway; and construction by a Local Entity on a non-state designated highway. The application process and construction regulations for each are as…

The application should provide the following information: A. A description of the Highway Project. B. A certified resolution from the governing authorities of the Local Entity detailing the source and amount of funds which the Local Entity has committed, or is willing to commit, …

A. The engineering study should establish the proposed road design and alignment, and meet State Aid Road Construction Standards. The engineering study must provide a breakdown of all costs based on the design criteria. B. MDA will forward the application and engineering study to…

Upon approval of the application by MDA, if the Highway Project is a part of the designated state highway system, the maintenance after completion of the project shall be performed by MDOT. If the Highway Project is not part of the designated state highway system, the maintenance…

The Mississippi Tourism Rebate Program, administered by the Mississippi Development Authority (MDA) is a program designed to provide a Rebate to qualified Applicants of new tourism-oriented projects within the State of Mississippi. The Mississippi Tourism Rebate Program allows a …

All Mississippi Tourism Rebate Program documents may be obtained from MDA. The applicant must submit a completed application and a non-refundable application fee of $5,000 to MDA to initiate the review process. MDA will make a preliminary review of the application to determine if…

Upon determination that all program requirements are met, a Mississippi Tourism Rebate Program Certificate (Mississippi Tourism Rebate Program Certificate) will be issued. The provision of each Certificate will include: A. The amount of the approved project costs and the maximum …

Within three (3) months after the Completion Date, the Applicant must document the actual cost of the tourism project through a certification (Completion Certificate) of such costs by an independent certified public accountant or other independent party acceptable to the MDA. The…

After MDA receives the Completion Certificate and the actual project costs are confirmed, a Mississippi Tourism Rebate Agreement shall be executed between the applicant and MDA. Such agreement shall specify: A. The approved tourism project will not receive a rebate, if in any cal…

MDA will notify the Mississippi Department of Revenue of the approved tourism project through the issuance of the Mississippi Tourism Rebate Program Certificate. Upon full execution of the Tourism Rebate Agreement, MDA will provide a copy to the Department of Revenue and the Depa…

MDA shall determine, based on the Completion Certificate, the maximum amount of benefits the Applicant may receive. MDA shall make benefit payments in January and July of each year until the full credit is reached or for ten (10) years for projects approved on or before June 30, …

These guidelines may be amended by MDA at anytime. MDA, in its discretion, may temporarily waive any requirement of these guidelines to the extent that the result of such waiver is to promote the public purpose of the Act and is not prohibited by State laws. Notes 6 Miss. Code. R…

Additional information related to the program and these program guidelines may be obtained by contacting: Mississippi Development Authority Mississippi Tourism Rebate Program Financial Resources Division Post Office Box 849 Jackson, Mississippi 39205 (601) 359-3552 Notes 6 Miss. …

The following activities cannot be qualified as an eligible project for the Tourism Rebate Program: A. Expansions of any existing projects previously approved by MDA; B. Facilities that are primarily developed for retail sales that are not certified as a Resort Development by MDA…

In order to receive benefits under the Mississippi Tourism Rebate Program, an Applicant must meet the following requirements: A. The applicant must be a corporation, limited liability company, partnership, sole proprietorship, business trust or other legal entity authorized to do…

The actual costs incurred by the applicant may be included in the total costs that are required to meet Mississippi Tourism Rebate Program initial capital investment requirements. Eligible costs related to the following are allowed: A. Land acquisition; B. Construction; C. Engine…

Costs for advertising, marketing, inventory, or working capital are not included in calculating the capital investment. In no instance will costs related to gaming activities be treated as eligible project costs. Notes 6 Miss. Code. R. 1-11.6 Miss. Code Ann. § 57-26-1 et seq. (Re…

Upon completion of the project, the Applicant must submit a summary of project costs to MDA. This summary must be independently verified by a Certified Public Accountant, or another independent third party approved by the MDA. The Applicant will pay the costs for this verificatio…

MDA, with the assistance of the Mississippi Department of Revenue, will determine the amount of sales tax collected at the tourism-oriented enterprise that may be diverted to the applicant. The amount of Rebate payments will be equal to 80¢ of the amount of sales tax revenue coll…

To begin the rebate process, after the project costs are submitted, the Applicant must provide the MDA with a listing of all Sales Tax Accounts and Account Numbers related to the project. The Mississippi Department of Revenue will be provided these accounts and will begin making …

The Advantage Mississippi Initiative was outlined and developed by Governor Ronnie Musgrove and enacted into law in August 2000. The Advantage Mississippi Initiative is a blueprint to expand prosperity throughout our entire State. This Initiative includes not only new business in…

If the annualized unemployment rate in a certified GAP County falls below one hundred fifty percent (150%) of the state's annualized unemployment rate for three consecutive calendar years, the tax exemptions authorized under the GAP Act will not be granted to additional business …

These guidelines may be amended by MDA at any time. MDA, in its discretion, may temporarily waive any requirement of the guidelines to the extent that the result of such waiver is to promote the public purpose of the Act and is not prohibited by State Notes 6 Miss. Code. R. 1-12.…

A county or entity must fall into one or more of the following categories to qualify under the GAP Program: A. Counties: (i). Counties which have an annualized unemployment rate that is at least two hundred percent (200%) of the state's unemployment rate as of December 31 of any …

The following types of new or expanding businesses are eligible to participate under the GAP Program: A. Manufacturing, processing, assembling, storing, warehousing, servicing, distributing or selling of any products or goods, including products of agriculture; B. Enterprises for…

Retail or gaming businesses or electrical generation facilities are not considered eligible business enterprises. Notes 6 Miss. Code. R. 1-12.4 Miss. Code Ann. § 57-80-1 etseq. (Rev. 2008)

There is no separate application form. Two copies of the application information must be submitted to MDA. MDA will evaluate this information to determine if the government entity meets the program criteria The application presented by a county or other entity must include: A. A …

There is no separate application form. Two copies of the business enterprise application information must be submitted to MDA. MDA will evaluate this information to determine if the business is eligible to be designated a GAP Business. Business enterprises seeking to be approved …

Upon approval of a business enterprise and/or a government entity, MDA shall forward a certificate of convenience and necessity to the Mississippi State Tax Commission. Notes 6 Miss. Code. R. 1-12.7 Miss. Code Ann. § 57-80-1 etseq. (Rev. 2008)

Rules and regulations of the Mississippi State Tax Commission shall control the implementation of both the local and state tax exemptions granted under the Act. Notes 6 Miss. Code. R. 1-12.8 Miss. Code Ann. § 57-80-1 etseq. (Rev. 2008)

Any exemption granted will be for a period often (10) years or until December 31, 2015, whichever occurs first. Notes 6 Miss. Code. R. 1-12.9 Miss. Code Ann. § 57-80-1 etseq. (Rev. 2008)

The Mississippi Airport Revitalization Revolving Loan Program ("Airport Loan Program"), administered by the Mississippi Development Authority ("MDA"), is designed for making loans to airport authorities ("Local Sponsors") for the construction and/or the improvement of airport fac…

Local Sponsors who fail to meet repayment obligations shall cause all or part of the Local Sponsor's Governing Authority's sales tax allocation and/or homestead exemption reimbursement to be withheld or shall be subject to such other penalties as MDA may prescribe. Notes 6 Miss. …

A Loan Agreement and Promissory Note (the "Loan Documents") will be executed between the Local Sponsor, the Governing Authority, and MDA. The Loan Documents are required for disbursement of funds and cannot be executed until all required conditions in these guidelines have been m…

The State will release loan funds on a reimbursement basis for approved eligible costs of the project as incurred. The Local Sponsor shall certify to MDA during construction that the expenses were incurred and were in accordance with the plans approved by MDA. Funds will be relea…

Loans made under the Airport Loan Program are subject to audit by the State Department of Audit. Notes 6 Miss. Code. R. 1-13.13 Miss. Code Ann. § 57-61-41 et seq. (Rev. 2008). Amended 6/3/2021