6 Miss. Code. R. 1-7.2 - Qualified Participants
Small Business/Existing Forestry Industry Loans may be made to the following participants:
A.
Small Businesses: commercial enterprises with less than:
(i) 100 full time employees;
(ii) Seven Million dollars in gross revenues;
or
(iii) Seven hundred fifty
thousand dollars in profit after taxes.
B. Existing Forestry Industry Enterprises:
manufacturing enterprises with its principle place of business in the state
that:
(i) Have been operational in the state
for a minimum of three years;
(ii)
Perform the initial processing of logs for the production of lumber, poles, or
timber; and
(iii) Has maintained an
average of at least fifteen employees within the past thirty-six months of
application.
(iv) Exception: Does
not include enterprises with the primary business of producing chips, or pulp
manufacturer and/or paper manufacturer,
(v) Has employed an average of not less than
fifteen (15) full time employees based on the most recent thirty-six-month
period.
Notes
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