Mississippi Area Development Agreement

State:
Multi-State
Control #:
US-2-02-1-STP
Format:
Word; 
Rich Text
Instant download

Description

Area Development Agreement: An Area Development Agreement is made between an Owner and Area Franchisee. The Owner desires to expand and develop the Franchise Business and wishes to allow the Area Franchisee the use of the Owner's established franchise name and likeness to accomplish the Owner's goal of expansion. However, the Area Franchisee must adhere to the guidelines listed in this agreement. This form is available in both Word and Rich Text formats.
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FAQ

The Mississippi Major Economic Impact Act, jointly administered by MDA and the State Bond Commission, was created by the Legislature to provide incentives to aid local communities in the development requirements of large capital projects.

Code § 1-3-27. The term "minor," when used in statute, except as otherwise provided by law shall include any person, male or female, under twenty-one (21) years of age.

The Development Infrastructure Grant Program (DIP) provides grants to municipalities and counties to finance public infrastructure projects that promote economic growth in the state.

The Mississippi Economic Redevelopment Act provides for sales, income, and franchise taxes paid by the business entities operating on the redeveloped property to be distributed to the developer to defray remediation costs.

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Mississippi Area Development Agreement