Mississippi Development Authority accepting applications for site development grants
Jackson, Mississippi — June 17, 2019 — The Mississippi Development Authority is now accepting applications for site development grants, which are awarded to economic development organizations and local governments through the Site Development Grant program.
The program assists public or private non-profit economic development organizations or local governments with preparing site-ready locations to attract new industry and private capital investment to the state. Grants administered through the program can be used for improvements to publicly owned industrial property.
Two types of property qualify for the grants: Ready Sites and Premier Sites. The Ready Site program requires a 100 percent direct local match, a minimum of 20 acres, and the site must be work-ready within six months and must be capable of having utilities on site within 12 months. Ready Sites are eligible to receive up to $50,000 in funding.
The Premier Site program requires a 100 percent direct local match, a minimum of 100 acres and a labor force to attract the intended market. Applicants also must submit a workforce study. Premier Sites must have attributes that distinguish them from other properties, such as being in high-demand locations, having large-scale, “mega”-development acreage or having significant utility infrastructure already in place. Premier Sites are eligible to receive up to $250,000 in funding.
MDA will give priority to sites served by railways or with airport or port access. Eligible applicants include cities, counties and public or private non-profit economic development entities, such as local authorities, commissions or other groups created by local and private legislation.
Grant money is available on a reimbursement basis and can be used to pay for costs such as architectural fees, engineering costs, environmental studies/assessments, clearing and grading, drainage system improvements and transportation infrastructure directly affecting the site.
Grant applications will be accepted through 5 p.m. on August 16. Applications and additional information can be found at mississippi.org/sites-buildings/. Completed applications must be mailed to: Mississippi Development Authority, Attn: Sally Williams, Financial Resources Division, 501 N. West St., Jackson, MS 39201. For more information, contact Williams at 601-359-5052 or email@example.com.