Incentives

The Golden Triangle, with the help of its partners, offers an environment designed to create success.

Through partners at the regional, state and local level, the Golden Triangle is able to create a competitive business environment that facilitates an industry’s ability to generate success. Incentive packaging for every investment is done with the company in mind. Described below are some of the options offered to those looking to invest in the Golden Triangle.

 

STATE OF MISSISSIPPI GRANT & LOAN PROGRAMS

CDBG Program for Economic Development

The Community Development Block Grant Program provides for a maximum state business grant amount per project of $20,000 per job or up to $2,500,000.

 

Development Infrastructure Grant Program (DIP)

The Development Infrastructure Grant Program provides for a maximum grant amount per project of $150,000.

 

Economic Development Highway Grant Program (EDH)

The goals of the EDH program are job creation and private investment with a typical private investment requirement of $70 million. This grant is suitable for state highways, city and county roads, interchanges, and bridges.

 

Job Protection Grant Program

The Job Protection Grant Program provides for a maximum grant amount per project of $200,000 provided that the existing industry matches the grant on a dollar for dollar basis and may only be available for fixed assets and may not be used for working capital.

 

Mississippi Rail Grant Program

The Grant Program provides grants to public and private railroads to finance railroad projects that promote economic growth and job creation in Mississippi.

 

The Rural Impact Grant Fund

The Grant Program provides for a maximum grant amount of $150,000 per project.

 

Airport Revitalization Revolving Loan Program

County and municipal airport authorities authorized to operate in Mississippi may apply for loans for the airport authority or on behalf of a new expanded industry.

 

Capital Improvements Revolving Loan Program

County and municipal governmental authorities in Mississippi may apply for loans under this program.

 

Port Revitalization Revolving Loan Program

State, county and municipal ports authorized to operate in Mississippi may apply for loans for the port or on behalf of a new or expanded industry.

OTHER SOURCES OF FUNDING

Appalachian Regional Commission (ARC)

The Mississippi Development Association works collaboratively with local planning and development districts (PDD’s), economic development organizations, local communities, and other state agencies in the development of eligible projects to address the needs in the 24 Mississippi ARC counties.

 

Mississippi Business Finance Corporation (MBFC)

Local political entities have the authority to issue general obligation bonds for the purpose of acquiring publically owned land, buildings, and infrastructure.

STATE OF MISSISSIPPI TAX EXEMPTIONS, INCENTIVES, AND CREDITS

Advantage Jobs Program

The Program provides for a rebate of a percentage of Mississippi payroll to qualified employers for a period of up to 10 years.

 

Free Port Warehouse Property Tax Exemption

A full exemption from property taxes may be granted by local governing authorities on personal property that is being held and stored prior to transport to a final destination outside the state.

 

Growth and Prosperity Program (GAP)

The Program designates specific counties as GAP counties and provides income, franchise, sales and property tax incentives to companies that locate or expand in these areas of the state.

 

Industrial Property Tax Exemption

An exemption from property taxes is available to eligible industries that locate or expand in the state and lasts 10 years when granted by local governing authorities if real and tangible personal property being used in the state.

 

Jobs Tax Credit

Jobs tax credits are credits that can be applied to state income tax to reduce an employer’s income tax liability.

TENNESSEE VALLEY AUTHORITY INCENTIVE PROGRAMS

Investment Credit

The Investment Credit is an economic development incentive program jointly offered by TVA and participating local power companies that rewards companies for the five-year economic and energy benefits associated with their new/expanded operations.

 

Loan Funds

Financing is available for companies from TVA Loan Funds to stimulate job growth and leverage capital investment.

 

Performance Grant

Through the Performance Grant Program, TVA makes and investment in competitive economic development projects in the TVA region. Award amounts are paid directly to the company and are flexible for approved purposes.

 

Security Deposit Coverage

The Security Deposit Coverage program gives qualifying businesses an alternative to tying up valuable capital as they locate or expand in the TVA region.

 

For more information on incentives offered by the State of Mississippi, CLICK HERE.

 

For more information on incentive offered by the Tennessee Valley Authority, CLICK HERE.



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  • The PACCAR Engine Company continues to enjoy great success in hiring, training, and keeping local talent. From Assembly Operators associates, Machining Operators, to Craft Technicians, we have experienced a positive and dedicated workforce willing to learn new skills. Attracting quality new associates has not been an issue with us, but we face the same nation-wide challenges in finding associates with skilled trades. We are pleased for the results we have achieved by locating our facilities here.

    Mike Arzamendi

    Communication & Training Manager

  • The Golden Triangle region has offered us a very energetic workforce with a great work ethic. There has been an abundant supply of laborers and skilled candidates, all willing to learn. Through various resources in the area we have always found what we needed and our employees are dedicated to the success of our plant.

    Ray Hamer

    Human Resources Director, Steel Dynamics, Inc., Columbus Flat Roll Division

  • This is a very business friendly area and the LINK is an excellent resource staffed with very passionate people that also know their business extremely well and they’re creative. They understand the need for speed and necessity to minimize upfront costs of building or expanding a business. As a result, GTR LINK has been very successful in bringing good manufacturing jobs to the Golden Triangle Region.

    Madhu Ranade

    General Manager and Vice President at Steel Dynamics, Inc., Columbus Flat Roll Division

  • The workforce in Mississippi is exceptional. I’ve hired many veterans that worked in aviation during their military careers and moved back home to the Golden Triangle area. Airbus was able to use their skill sets and put them to work building multi-million dollar aircraft. The training that EMCC offers was so valuable to us, because they enabled our people to be trained in a variety of disciplines. This allowed for some of our people that had no aviation skills to be trained and hired as apprentices and grew our work force development program. People drive up to 75 miles to work for Airbus, demonstrating the work ethic and commitment of the men and women who live in Mississippi. We are very grateful for the caliber of people we are able to work with.

    Rob Boman

    Head of HR, Environment, Health & Safety

  • They’re [GTR LINK} very responsive to companies and their needs for getting questions answers and providing data and resources.

    Alan Easome

    Senior Director, New Plant Development, Yokohama Corporation of North America