Economic Development
Finance Programs & Links
Mississippi Business Finance Corporation
The Mississippi Business Finance Corporation is a public, non-profit corporation with the mission of coordinating a variety of state resources in order to assist businesses and industry in obtaining financing and in positioning the State as an aggressive competitor in the global market. MBFC's financing programs assisting in establishing new facilities and expanding existing businesses. MBFC represents a cooperative effort between the public and private sectors to stimulate both commercial and industrial development and expansion by administering financing programs that provide competitive or below market interest rates and tax incentives for qualified projects. MBFC works in cooperation with financial institutions and economic development entities statewide with the goal of increased employment and capital investment in Mississippi. MBFC is governed by a membership of 25 representatives from the public and private sectors.
http://www.msbusinessfinance.com/programs.html
Tennessee Valley Authority Economic Development
TVA Economic Development offers a number of financing services and options to help new and existing companies with the financial resources they need to locate or expand in the Tennessee Valley.
http://www.tvaed.com/loans.htm
Mississippi Development Authority
The Mississippi Development Authority, through the Financial Resources Division, administers a variety of incentive programs designed to assist businesses in obtaining grants and loans for development and expansion and to posture the State as an aggressive competitor in the Global Market. Major projects require major financing and Mississippi can tailor a package of financial programs that will make your Company’s expansion or location as simple and cost-effective as possible.
http://www.mississippi.org/content.aspx?url=/page/3276&
USDA Rural Development
http://www.rurdev.usda.gov/rd/nofas/index.html#BCP
USDA through Rural Development has several Rural Economic Development loan and/or grant programs available to assist business and industry.
Appalachian Regional Commission
http://arc.gov/index.jsp
ARC's mission is to be an advocate for and partner with the people of Appalachia to create opportunities for self-sustaining economic development and improved quality of life.
ARC provides matching funds for projects in numerous areas under two broad themes: 1) Increasing private sector and high wage jobs; and 2) Developing sustainable communities with high quality of life. ARC also has funding available for a special regional initiative in Asset Development.
The Mississippi counties served by ARC are Alcorn, Benton, Calhoun, Chickasaw, Choctaw, Clay, Itawamba, Kemper, Lee, Lowndes, Marshall, Monroe, Montgomery, Noxubee, Oktibbeha, Panola, Pontotoc, Prentiss, Tishomingo, Tippah, Union, Webster, Winston, and Yalobusha.