Incentives

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. To learn more about Mississippi’s incentives offerings, explore the menu to the right, or contact MDA’s Financial Resources Division at financial@mississippi.org or 601.359.3552.

Tax Incentives

Mississippi offers businesses locating or expanding in the state a number of tax incentives, including state income tax credits, and sales and use and property tax exemptions.

Economic Development Grants

The Mississippi Development Authority offers a number of grant and loan programs designed to assist businesses creating jobs and making capital investments in the state. As you continue with your site selection process or contemplate an expansion at an existing facility, please contact MDA. The agency stands ready to assist you throughout this process and can provide you with more detailed information on available assistance that can help meet your project’s specific requirements.

Business Financing

The Mississippi Development Authority offers a number of loan programs designed to assist businesses creating jobs and making capital investments in the state. As you continue with your site selection process or consider an expansion at an existing facility, please contact MDA. We stand ready to assist you throughout this process and can provide you with more detailed information on programs available to help meet your project’s specific requirements.

Programs for Existing Businesses

Mississippi’s existing industries are the bedrock of the state’s economy, and the Mississippi Development Authority is dedicated to supporting our state’s existing employers and helping them grow and achieve long-term competitiveness.  While all of Mississippi’s business incentive programs are available to both new and existing businesses, the state offers a number of programs geared exclusively toward existing employers.

Small Business Assistance

The Mississippi Development Authority recognizes the vital role small businesses and aspiring entrepreneurs play in Mississippi’s economy and their importance to the state’s future. Small business assistance programs offered by MDA are detailed here.

Minority Business Assistance

The Mississippi Development Authority offers numerous programs and services designed to help minority-owned, women-owned and small business enterprises grow and thrive. The state’s financial assistance programs for disadvantaged businesses are detailed here.

Tourism Programs

Visit Mississippi offers programs including the Mississippi Tourism Rebate Program and the Tourism Marketing Match Grant to promote tourism in Mississippi.

Film Incentives

The Mississippi Motion Picture Incentive Program provides a cash rebate on eligible expenditures and payroll, and provides sales and use tax reductions on eligible rentals/purchases. This program is available for nationally distributed motion pictures, television programs, DVDs, documentaries, short films, commercials, video games; and includes animation, interactive media, 3D applications, cinematics, visual effects and motion capture. National distribution includes theatrical, broadcast, direct to DVD/video, festival screening, streaming video and Internet delivery.

Community Development

The Mississippi Development Authority offers a variety of grant and loan programs that help sustain Mississippi communities and enable them to improve quality of life in their areas. These programs provide funding to cities, counties and other entities in the state for projects that support community development and economic development projects, build capacity for future economic development opportunities, meet critical housing needs and help communities increase their competitiveness.

Energy Incentives

Working towards cleaner, more sustainable energy requires the financial resources to turn commitment into reality. Mississippi offers a range of options to businesses and communities including loans, incentives, tax credits and more.