Development Infrastructure Program (DIP)
The Mississippi Development Infrastructure Program (DIP), administered by the Mississippi Development Authority (MDA) is designed for making grants or loans to counties or municipalities (Local Sponsors) to finance small infrastructure projects to promote economic growth in the State of Mississippi (State). Counties and municipalities are encouraged to use these funds in connection with other State and federal programs.
Eligibility
The local governing authority of the county or municipality is eligible for DIP program.
Projects must be directly related to the construction, renovation, or expansion of a new or expanded industry.
Eligible projects financed with DIP funds must be publicly owned.
Including but not limited to:
- Drainage systems
- Energy facilities (power generation and distribution)
- Sewer systems (pipe treatment)
- Transportation facilities directly affecting the site, including roads, bridges, rail lines, or pipelines
- Water supply systems (storage, treatment, and distribution)
- Marine structures
- Land improvements
Eligible Projects should benefit the following types of industries:
- Manufacturing and processing
- Large distribution facility
- Service support to agriculture, aquaculture, and mariculture
- Service support to manufacturing and processing
- Telecommunications and data processing
- Corporate headquarters and operations centers
- Research and development
Key Points
- DIP funds may not be used for working capital or to provide facilities for utilization by a gaming enterprise.
- An Agreement will be executed between the Local Sponsor and MDA.
- MDA will release DIP funds on a reimbursement basis for approved eligible costs of the project as incurred.
| Terms: |
Local sponsors have 1 year from the date of the executed grant agreement to request reimbursement for DIP project costs |
| Amount: |
Maximum GRANT amount: $150,000 |
| Funding: |
Funding for grants or loans to Local Sponsors is derived from the issuance of State bonds. |
To apply for the DIP Program, eligible local sponsors should contact MDA Financial Resources for program information.
Statute: Section 57-61-36, MS Code
For more information:
Financial Resources Division
Telephone: 601.359.3552
Fax: 601.359.3619
financial@mississippi.org