Mississippi Area Development Agreement
Description
How to fill out Area Development Agreement?
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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.