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, and help communities increase their competitiveness.
The Community Development Block Grant (CDBG) – Public Facilities Program provides grants to municipalities and counties to fund publicly owned, community-based infrastructure projects. Eligible projects include drainage systems, water and sewer systems, roads and bridges, and publicly owned buildings. Grants are awarded annually through a competitive process.
The Local Government Capital Improvements (CAP) Loan Program provides loans to counties or municipalities to finance public infrastructure improvements in Mississippi in support of business location and expansion projects and other community-based projects.
The Small Municipalities and Limited Population Counties Grant Program provides grant funds to small municipalities and counties to assist with public facilities and infrastructure needs. Mississippi municipalities with populations of 10,000 or less and counties with populations of 30,000 or less may apply for funding through this program.
The Mississippi Freight Rail Service Projects (RAIL) Revolving Loan Program provides loans to municipalities and counties to finance freight rail service projects in Mississippi, with the goal of increasing rail usage and productivity in the state.
The Energy Infrastructure Revolving Loan Program provides loans to local units of government to help finance the construction or expansion of energy infrastructure critical to economic development.
The Mississippi Airport Revitalization Revolving Loan Program is available to provide loans to airport authorities to assist with the location and expansion of businesses and for the improvement of airport facilities. For more information on Airport and Port Revolving Loans, contact MDA’s Financial Resources Division at 601.359.3552.
The Mississippi Port Revitalization Revolving Loan Program is available to provide loans to state, county or municipal port authorities to assist with the location and expansion of businesses and for the improvement of port facilities. For more information on Airport and Port Revolving Loans, contact MDA’s Financial Resources Division at 601.359.3552.
The Mississippi Rail Grant program provides grants to public and private railroads to finance railroad projects that promote economic growth and job creation in Mississippi. Eligible projects must identify specific repairs or improvements to a rail line that would make the line more competitive when providing services to industry in Mississippi. To learn more, contact MDA’s Financial Resources Division at 601.359.3552.
The Mississippi Alternative Fuel School Bus and Municipal Motor Vehicle Revolving Loan Program provides public school districts and municipalities with loans to cover 100 percent of the incremental cost of purchasing alternative fuel vehicles (AFVs) and related systems or of converting existing vehicles to accept alternative fuels, whether propane gas, compressed natural gas or liquefied natural gas.