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State and Local Incentives
Data used with permission from the Harrison County Development Commission
Tax Exemptions, Incentives and Credits
| Program | Funds Available for Use By |
| Tax Exemptions: | |
| Free Port Warehouse Property | Local Governing Authorities |
| Industrial Property | 10 year Property Tax Exemption Applications: Real Property Application Personal Property Application |
| Property Tax for Industrial Revenue Bond Financing | Local Governing Authorities |
| Property Tax on In-State Inventory | Businesses |
| Property Tax for Broadband Technology | Telecommunication Businesses |
| Sales and Use Tax for Bond Financing | Issued by MBFC for eligible entities |
| Sales and Use Tax for Construction or Expansion | Businesses |
| Sales Tax for Broadband Technology | Telecommunication Businesses |
| Sales Tax for Headquarters | Businesses |
| Sales Tax for Motion Picture Production | Production Companies |
| Tax Credits: | |
| Broadband Technology Tax (income, franchise) | Telecommunication businesses |
| Jobs | Businesses |
| Manufacturing Investment Tax Credits | Manufacturing operating in state 2 or more years |
| MS Equity Investment (New Markets) | Community Development Entities ( CDE’s) |
| National or Regional Headquarters Tax (income) | Businesses |
| National or Regional Headquarters Sales Tax Credit | |
| Research and Development Skills Tax (income) | Research & Development Businesses |
| Rural Economic Development (RED) (income) | Businesses |
| Other | |
| General Obligations Bonds (GO) | Political entities must issue |
| Property Tax Fee in Lieu | Local Board of Supervisors & Municipal Authorities |
| Advantage Jobs Program | Businesses |
| Motion Picture Rebate | Production Companies |
| Tourism Rebate Program | Tourism Projects |
| Tax Abatement Districts | Tax exemptions for qualified improvements |
| Downtown Gulfport | |
| North Highway 49 | |
| Mississippi City |
Loan Programs
| Program | Funds Available for Use By |
| Agribusiness Enterprise Loan (ABE) | Businesses Related to Agriculture Economy |
| Airport Revitalization Revolving Loan | Airport Authorities |
| Business Incubator Loan | Municipalities, Counties & Businesses in Incubator |
| Capital Improvements Revolving Loan (CAP) | Municipalities & Counties |
| Freight Rail Service Revolving Loan | Municipalities & Counties |
| MS Business Investment Act Loan (MBIA) | Municipalities & Counties |
| Capital Access Contract Loan | Socially & Economically Disadvantaged Businesses as designate by SBA |
| Capital Access Loan Loss Reserve | Socially & Economically Disadvantaged Businesses as designate by SBA |
| Minority Business Enterprise Loan (MBE) | Socially & Economically Disadvantaged Minority & Women Owned Businesses |
| Minority Business Micro Loan | Socially & Economically Disadvantaged Minority & Women Owned Businesses |
| Minority Surety Bond Guaranty | Socially & Economically Disadvantaged Minority & Women Owned Businesses |
| Energy Investment Loan | Businesses Increasing Energy Efficiency |
| Existing Industry Productivity Loan | Manufacturing Industries Operating in the state @ least 2 years |
| Job Protection Loan | At risk Industries Operating in the state @ least 3 years |
| Port Revitalization Revolving Loan | State, Municipalities or County Port Authorities |
| Research and Development Loan | Research & Development Companies |
Grant Programs
| Program | Funds Available for Use By |
| CDBG for Economic Development | Municipalities & Counties |
| CDBG for Emergency Projects | Municipalities & Counties |
| CDBG for Public Facilities Projects | Municipalities & Counties |
| CDBG for Self Help Projects | Municipalities & Counties |
| Development Infrastructure (DIP) | Municipalities & Counties |
| Economic Development Highway (EDH) | Municipalities & Counties |
| Emergency Shelter (ESG) | Municipalities & Counties |
| Freight Rail Service | |
| HOME for Rehabilitation/Reconstruction Projects | Municipalities & Counties |
| Small Municipal and Limited Population Counties | Small Municipalities & Counties |
| HOME Program for Homebuyer Assistance Projects | Municipalities, Counties & Community Housing Development Organizations (CHDO’s) |
| Home Program for New Construction Projects | Community Housing Development Organizations (CHDO’s) |
| Job Protection | At Risk Industries |
| MS Equity Investment (New Market) | |
| MS Single Family Residential Housing Construction Fund | Non-Profit Corporations, For Profit Corporations, Public Housing Authorities & Planning & Development Districts Limited Equity Cooperatives |
| The Rural Impact Grant Fund | Rural Communities |
Financial Assistance
| Program | Funds Available for Use By |
| Mississippi Business Finance Corporation (MBFC) | www.msbusinessfinance.com |
| Mississippi Department of Archives & History | www.mdah.state.ms.us |
| Mississippi Home Corporation | www.mshomecorp.com |
| Small Business Administration | www.sba.gov/localresources/districts/ms |
| Southern Mississippi Planning & Development (SMPDD) | www.smpdd.com |
| USDA Rural Development | www.rurdev.usda.gov/home.html |
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