MISSISSIPPI MAJOR ECONOMIC IMPACT AUTHORITY

Unique in the nation, this program allows the State, through the issuance of its general obligation bonds, to assist local communities in meeting the development requirements inherent in large capital projects, thereby generating an investment in the quality of life in such communities. General obligation bonds in amounts up to $30 million may be used to improve transportation, education, recreation, and medical facilities within 50 miles of a project site. Certain other infrastructure needs are also eligible for financing.

Major Impact Authority projects can be new projects or expansions of existing facilities and must have a minimum initial investment of $300 million by the private sector or the United States government. Eligible projects include industrial, commercial, research and development, warehousing, distribution, transportation, processing, mining establishments, United States government projects and tourism facilities.