Other Incentives
Advantage Jobs
An existing cash rebate program available to eligible entities for a period of up to ten years. The following entities are now eligible:
- Data/information processing enterprises that provide an average annual wage of 100% of the county or state wage whichever is less. The enterprise must create at least 100 new full-time jobs in a Tier Three county and 200 in a Tier One or Two county.
- Manufacturers and distributors paying an annual average wage of 110% of the county or state wage whichever is less. The enterprise must invest at least $20,000,000 in land, buildings, and equipment. The enterprise must create at least 20 new, full-time jobs in a Tier Three county and 50 in a Tier One or Two county.
- Businesses (excluding retail and gaming) that pay 125% of the state or county wage whichever is less. The enterprise must create at least 10 new, full-time jobs in a Tier Three county and 25 in a Tier One or Two county.
- Research and development enterprises paying 150% of the state or county wage whichever is less and technology intensive enterprises paying 150% of the state wage. The enterprise must create at least 10 new, full-time jobs.
- All eligible enterprises must provide a basic health benefits plan.
- All eligible enterprises must execute a performance agreement with the Mississippi Development Authority (MDA) specifying the manner in which the enterprise will utilize the rebate.
The amount available for rebate will be the lesser of (1) the qualified employees’ state personal income tax withholding; (2) a cost/benefit analysis prepared by MDA; or (3) a legal maximum of 4%. This amount is then multiplied by:
- 90% if the annual average wage is at least 175% of the county or state wage, whichever is less;
- 80% if the annual average wage is at least 125% and less than 175% of the county or state wage, whichever is less;
- 70% if the annual average wage is less than 125% of the county or state wage, whichever is less.
For more information:
Financial Resources Division
Telephone: 601.359.3552
Fax: 601.359.3619
financial@mississippi.org