6 Miss. Code. R. 1-22.2 - Program Terms

(1) "Approved business enterprise" means any Project that:

(a) Locates or expands in this state, including any federal Indian reservation located within the geographical boundary of this state, and creates a minimum of two hundred fifty (250) new, full-time jobs with a total capital investment in the state of a minimum of Thirty Million Dollars ($30,000,000.00) in Tier 1 or Tier 2 Counties;

(b) Locates or expands in this state, including any federal Indian reservation located within the geographical boundary of this state, and creates a minimum of one hundred fifty (150) new, full-time jobs with a total capital investment in the state of a minimum of Fifteen Million Dollars ($15,000,000.00) in areas federally designated as low-income census tracts;

(c) Locates or expands in this state, including any federal Indian reservation located within the geographical boundary of this state, and creates a minimum of one thousand (1,000) new, full-time jobs;

(d) Locates or expands in this state, including any federal Indian reservation located within the geographical boundary of this state, with significant regional impact solely determined by MDA.

(2) "Capital Investment" means the direct expenditure of money by the approved business for a new establishment or an addition to an existing establishment, including the purchasing or improving of real property and tangible personal property, whose useful life exceeds one year, and which is used in the conduct of the business. The valuation of an economic impact analysis does not qualify as a "Capital Investment."

(3) "Facility related to the Project" means and includes any of the following, as they may pertain to the Project:

(a) Facilities to provide potable and industrial water supply systems, sewage and waste disposal systems and water, natural gas, and electric transmission systems to the site of the Project;

(b) Building facilities and equipment necessary to operate the facility;

(c) Rail lines;

(d) Airports, airfields, air terminals and port facilities;

(e) Highways, streets and other roadways;

(f) Fire protection facilities, equipment, and elevated water tanks.

(4) "Project" means any industrial, commercial, research and development, warehousing, distribution, transportation, processing, mining, United States government or tourism enterprise together with all real property required for construction, maintenance and operation of the enterprise that is approved by the MDA. The Project or business may also not be engaged in producing or distributing medical cannabis as defined in the Mississippi Medical Cannabis Act.

(5) "Tier 1 and Tier 2 counties" means areas designated in accordance with Miss. Code Ann. § 57-73-21. The state's eighty-two counties are divided between three tiers with Tier 1 (twenty-seven) counties having a combination of the lowest unemployment and highest per capita income and Tier 2 (twenty-seven) counties having a combination of the next lowest unemployment and next highest per capita income.

Notes

6 Miss. Code. R. 1-22.2

Miss. Code Ann. § 57-1-221; Miss. Code Ann. § 57-73-21.

Adopted 10/26/2024