STATE: Mississippi offers an extensive assortment of financial incentives for new and expanding businesses ranging from tax exemptions and credits to finance programs designed to maximize business potential. For more information on new Mississippi incentive legislation and other valuable programs visit the State of Mississippi's "Taxes and Credits in Mississippi" web page at www.mississippi.org. LOCAL: Lee County Plus Plan: This plan is designed to help local industries remain competitive in today's global environment. The plan offers property tax exemptions, international trade zone advantages, Freeport warehousing inventory tax exemptions, and capital investment advancements. This plan is for industries establishing a single calendar year capital investment of $500,000 and/or at least 25 full time jobs with wages exceeding 125% of the state average wage. For an executive summary please click here.Free Port Warehouse Tax Exemptions for Tupelo/Lee County, MS The following packet serves as a guideline for new and existing industries seeking to take advantage of free port warehouse tax exemptions. The necessary applications are included as well as a brief overview of the statute authorizing the exemptions. You may download free port warehouse tax exemption information here.Real and Personal Property Tax ExemptionsYou can download a guidline for existing industries to help in making decisions regarding tax exemptions by clicking here. This is a packet with all of the necessary applications included, along with a brief overview of the types of property that can be exempted from ad valorem taxation. Greater Mississippi Foreign Trade Zone: (view the FTZ Overview webpage)As a member of the Greater Mississippi Foreign-Trade Zone, Tupelo/Lee County provides FTZ benefits such as relief from inverted federal tariffs, federal duty referral, direct delivery, weekly entry, and a reduction in federal merchandise processing fees and personal property taxes. For a complete FTZ summary and benefits explanation click here.TVA Valley Investment Initiative: The Tennessee Valley Authority's Valley Investment Initative is an economic development incentive program jointly conducted by TVA and distributors of TVA power offering competitive incentives to eligible customers who make multi-year commitments to invest in the Tennessee Valley. You may find more information regarding the TVA Valley Investment Initiative by clicking here.Other local incentives: Time permitting; application will be made for CDBG assistance to extend utilities to the property line if any road improvements are required. Site survey and warranty deed are provided at no cost to the client.