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List of incentives available in this location for quick easy reference below.

Incentives

Table key

• Incentive offered
• Incentive not offered
• Did not submit information

Cash grants/incentivesMore [+]Less [-]
Mississippi offers loans/grants depending on the needs of the company.
Tax exemptionsMore [+]Less [-]
Jobs tax credit- An income tax credit of up to 10% of payroll is available for job creation. Rural Economic Development Tax Credit- Credit up to 80% of the income tax liability for bond-related debt service when using industrial revenue bonds. Sales tax exemptions are allowed on eligible machinery, equipment, and component building material purchases related to the construction or expansion of a manufacturing facility. Property tax -A 10 year exemption from property taxes on land, building, and equipment. Advantage Jobs Incentive Program- A cash rebate of 90% of the Mississippi withholding taxes is available if 25 or more jobs are created that pay 110% of the lower of the state or county average annual wages. Companies that manufacture components for the production of clean energy or manufacture aerospace components may be eligible for 10-year exemption from income and franchise tax as well as initial sales and use tax exemption.
Property assistance / other fiscal incentiveMore [+]Less [-]
Mississippi has several programs that can assist the county or city with infrastructure needs. Mississippi works closely with the local community to assist with property, site and infrastructure needs of the project.
Training and labor market assistanceMore [+]Less [-]
The local community colleges work with the company to design a customized job training program to fit the company needs. The state assists the company with a training plan of employees. The State has Workforce Investment Network (WIN) Centers that recruit, screen and refer applicants based on the company needs. The WIN Centers screen and do certification for the company for federal work opportunity tax credits. The WIN Centers provide some reimbursement for on-the-job training for new hires.
Loan guarantees, cheap loans or financeMore [+]Less [-]
Mississippi has several loan programs, but does not have programs to provide loan guarantees.
Exemptions from regulations
Target sectorsMore [+]Less [-]
Aerospace Energy Composite Materials
Sectors specific incentivesMore [+]Less [-]
Aerospace companies that manufacture, assemble, provide research development, or provide training services and invest $30 million and create 100 jobs in Mississippi are eligible for a 10-year exemption from income and franchise tax and an initial sales and use tax exemption.

Sponsorship

If you are the authorised promotions agency for Mississippi and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.