Mississippi tax incentives, grants, loans, and other economic development incentives

Incentives and Taxes

Programs, grants, incentives, and taxes for economic development in Yalobusha County, Mississippi

Local Incentives

YEDD staff members work with the county board of supervisors, municipal boards of aldermen, and local workforce development programs to match resources with needs. In addition to possible county tax credits or abatements, incentives could include such benefits as infrastructure improvements and specialized workforce training programs.

State Taxes and Incentives

Mississippi’s tax rates are lower than those of many other states. In addition, businesses can take advantage of a multitude of incentive, tax credit, and tax abatement programs available at the state level.

The Mississippi Development Authority (MDA) is an excellent resource for information about that state’s incentive programs. MDA’s Financial Resources Division assists businesses in obtaining grants or loans for development and expansion. It also maintains an up-to-date list of available tax exemptions, incentives, and credits.

Another good source of information about tax incentives and rates is provided by the Mississippi State Tax Commission. Of particular value is the publication entitled “Mississippi Tax Incentives, Exemptions, and Credits,” which can be downloaded from the site.

Workforce Development

Valuable workforce recruitment and training resources are available. Among them are:

The Workforce Enhancement Training Fund, which provides resources to the state’s many community colleges to conduct job training programs designed in partnership with companies in the colleges’ service areas.
The Workforce Investment Network (WIN) in Mississippi, which operates over 60 WIN centers across the state. Three of the centers are located close to Yalobusha County in the towns of Grenada, Batesville, and Oxford. The centers offer employment and training services for job seekers.

Two community colleges in proximity to Yalobusha County are heavily engaged in providing workforce services. Holmes Community College features a Workforce Development Department, and Northwest Community College operates a Workforce Development Center, both focused on helping potential workers acquire skills matched to the specific needs of local industry.

LOCAL INCENTIVES

County and municipal incentives for new and expanding businesses in Yalobusha County are developed on a case-by-case basis, matching industry needs with available resources. For assistance, contact the YEDD director.