Rule 6-1-22.3 - Eligibility CriteriaTo be eligible, a business must qualify as an approved business enterprise to receive assistance under the Industry Incentive Program. An Approved Business Enterprise means any Project that:
(a) Locates or expands in this state, including any federal Indian reservation located within the geographical boundary of this state, and creates a minimum of 250 new, full-time jobs with a total capital investment in the state of a minimum of $30,000,000 in Tier 1 or Tier 2 counties; or(b) Locates or expands in this state, including any federal Indian reservation located within the geographical boundary of this state, and creates a minimum of 150 new, full-time jobs with a total capital investment of $15,000,000 in areas federally designated as low-income census tracts; or(c) Locates or expands in this state, including any federal Indian reservation located within the geographical boundary of this state, and creates a minimum of 1,000 new, full-time jobs; or(d) Locates or expands in this state, including any federal Indian reservation located within the geographical boundary of this state, with significant regional impact as determined by MDA.The business must be financially sound, present evidence that the business can repay any debt, and must not have defaulted on any previous loan from the State or Federal Government.
Miss. Code Ann. § 57-1-221.