MDA offering site program grants

JACKSON, Miss. - Economic development groups and local governments can now apply for site development grants under the Ready Site/Premier Site Program(s) administered by the Mississippi Development Authority (MDA). Ready Site/Premier Site is designed to assist public or private non-profit economic development organizations or governments with preparing site-ready locations to attract business development and private capital investment to the state. These grants can be used for improvements to publicly owned industrial property. The grants require a minimum 50 percent match from other sources. Ready Site must have a minimum of 20 acres available for development and that can be site-work ready in six months or have utilities in 12 months. Ready Site grants are available up to $50,000. Premier Site must have a minimum of 100 acres with a labor force able to attract the intended market. A workforce study is required. Premier Site grants are available up to $250,000. MDA will give priority to sites served by railways or with airport or port access. (Source: MDA 12/18/18)