Incentives

In addition to the Federal and State incentives that your project qualifies for Leake County has a local incentive package for new and expanding industries. The Mississippi Band of Choctaw Indians owns an industrial complex in Carthage and they have a strong incentive package for qualifying projects. Below is a link to additional information on State and Federal Incentive programs. If you would like us to customize an incentive package tailored just for your project please give us a call at (601) 267-7161.

MISSISSIPPI BAND OF CHOCTAW INDIANS

Incentives Available From the Mississippi Band of Choctaw Indians

The Mississippi Band of Choctaw Indians (“MBCI” or “Tribe”) is the only federally-recognized Indian Tribe in Mississippi. The Tribe owns industrial properties in Leake county and surrounding areas.

Tribal lands are eligible for additional economic development incentives depending on the type of economic activity:

Investment in Plant or Equipment: Tribal lands are eligible for 2x accelerated depreciation which reduces the tax liability for

companies that invest in assets on tribal lands.

Employment: Indian Employment Tax Credits are available for companies that hire tribal members. The Tribe also offers

rental discount incentives for companies that hire tribal workers.

Federal Government Contracting: Tribal lands are the only lands that are eligible for HUBZone certification regardless of the change in demographics. The MBCI also has successful industrial tenants that benefit from strategic partnerships with the

Tribally-owned 8(a) companies.

Financing Programs: Tribal lands are eligible for numerous financing programs to fund business growth including low- interest loans, loan guarantees, and New Markets Tax Credits.

Importing: Tribal lands are eligible for Foreign Trade Zone status.

There are a number of incentives available and here are links to get the details on each incentive:

OTHER INCENTIVES

GRANTS

FINANCE OPTIONS

TAX ABATEMENTS & CREDITS

We will help you get any State or Federal incentive you qualify for and provide you with a list of local incentives you qualify for. Among the local incentives that Leake County offers is an exemption on property taxes and Free Port Warehouse. To see what incentives you qualify for please give us a call at (601) 267-7161.

Leake County Development Association