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The Growth and Prosperity (GAP) Program designates specific counties as GAP counties and provides income, franchise, sales and property tax incentives to companies that locate or expand in these areas of Mississippi.
Manufacturing Investment Tax Credit: To support the retention and expansion of manufacturers, Mississippi offers an investment tax credit to companies that have maintained a manufacturing facility in the state for at least 2 years. To qualify, a business must invest at least $1 million in buildings and/or equipment.
Designed to encourage businesses creating new, high-quality jobs to locate or expand in Mississippi, the Advantage Jobs Program provides a cash rebate to eligible businesses that create new jobs that meet or exceed the average annual wage of the state or the county in which the company locates.
The Mississippi River plays a major role in local, regional, state and national economies, both directly and indirectly, by supporting freight and passenger transportation, manufacturing, agriculture, tourism and outdoor recreation as well as a number of other related industrial sectors.
The Mississippi Major Economic Impact Act, jointly administered by MDA and the State Bond Commission, was created by the Legislature to provide incentives to aid local communities in the development requirements of large capital projects.
The New Markets Credit allows a credit for income, insurance premium, or premium retaliatory taxes to investors in eligible equity securities issued by a Qualified Community Development Entity that has entered into an allocation agreement with the Community Development Financial Institutions Fund of the U.S. Treasury ...