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 at www.mississippi.org.
Lee County Plus Plan - this plan is designed to help local industries remain competitive in today's global environment. 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. More information click here.
Real and Personal Property Tax Exemptions
Mississippi legislature has given them the ability to grant exemptions to certain ad valorem taxes. Looking to find information on how Lee County can help businesses and industries regarding ad valorem tax exemptions find out more information click here.
TVA Valley Investment Program
The Tennessee Valley Authority's Valley Investment Program (VIP) is an economic development incentive program jointly conducted by TVA and distributors of TVA power offering competitive incentives to eligible customers who make commitments to invest in the Tennessee Valley, for more information contact CDF or visit TVA's Economic Development website.
Greater Mississippi Foreign Trade Zone
As a member of the Greater Mississippi Foreign-Trade Zone (FTZ), Lee County can provide 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 qualifying businesses. More information click here.
Free Port Warehouse Tax Exemptions
Mississippi allows eligible warehouses, public or private, to operate as a free port warehouse and be exempted from all ad valorem taxes on personal property shipped out of state. More information click here.
Other local incentives:
Community Development Block Grant (CDBG) can provide assistance to communities to help extend utilities to the property line, or if any road improvements may be required for a qualified project.
Land survey and warranty deed are provided at no cost to the client.