Welcome to the Tippah County Development Foundation (TCDF) State & Local Resources portal. Whether you are launching a new enterprise or expanding an existing footprint, our highly competitive, stacked incentive environment is designed to optimize your capital. Explore the localized tax abatements, state-level flexible credits, and dedicated infrastructure grants available to support your long-term success in Mississippi.
Strategic State & Local Partners
TCDF collaborates closely with premier state and regional organizations to ensure your business receives seamless support, comprehensive site data, and rapid incentive deployment.
Mississippi Development Authority
As the state's lead economic development agency, MDA provides vital technical assistance, recruits new business, and manages Mississippi's extensive business incentive portfolios.
Northeast Mississippi Industrial Developmental Authority
NMIDA guides industrial growth across the region by providing comprehensive resources on available buildings, transportation infrastructure, and customized workforce training support.
Local Municipal and County-Level Incentives
Tippah County and its municipal partners maintain a proactive, pro-business posture, offering highly localized abatements designed to immediately reduce the fixed costs associated with facility construction, real estate acquisition, and heavy manufacturing.
General local tax abatements in 2021
Maximum duration for local property tax abatements
Value of 2022 Free Port Warehouse abatements
Ad Valorem Property Tax Exemptions
Eligible industries can obtain an exemption from local property taxes for up to ten years. This covers land improvements, buildings, machinery, equipment, and raw materials, exempting all local taxes except school district taxes.
Fee-in-Lieu of Taxes
Reserved for transformative mega-projects, this sophisticated incentive allows local authorities to grant up to a two-thirds exemption of all local ad valorem taxes for massive capital investments equal to or exceeding $60 million.
Free Port Warehouse Exemption
Perfect for distribution and logistics hubs, this exemption provides full relief from local ad valorem property taxes on finished goods, in-state inventory, and personal property being held prior to shipment outside of Mississippi.
State of Mississippi Tax Incentives
The Mississippi Development Authority and the Department of Revenue administer a statutorily guaranteed portfolio of tax credits and cash rebates that reward job creation and intensive capital investment.
Minimum threshold to activate MFLEX universal tax credit.
Maximum duration for Advantage Jobs cash rebates.
Maximum cap for Manufacturing Investment Tax Credit
Mississippi Flexible Tax Incentive (MFLEX)
This streamlined, universal tax credit eliminates the need for multiple applications. By investing a minimum of $2.5 million and creating at least 10 jobs, companies can apply a unified credit against virtually any state tax liability.
Advantage Jobs Incentive Program
Rather than merely offsetting liabilities, this program provides a direct quarterly cash rebate. Qualifying employers who meet specific wage thresholds can receive a percentage of their Mississippi payroll back for up to ten years.
Manufacturing Investment Tax Credit
Existing manufacturers operating in Mississippi for at least two years who invest a minimum of $1 million in buildings or equipment receive a 5% state income tax credit on their eligible project investments.
Advanced Workforce & Training Credits
To foster an ecosystem of innovation and elevate the technical proficiency of the regional workforce, Mississippi deploys specialized tax credits targeting human capital development.
Claimable percentage of certified workforce training costs
Maximum per-employee benefit for Skills Training Credit
Annual tax credit for specialized R&D employees
Skills Training Income Tax Credit
Employers can offset up to 50% of their income tax liability by claiming 50% of the qualified expenses incurred while providing certified, advanced training to their employees.
R&D Skills Tax Credit
This incentive provides an income tax credit of $1,000 per employee, per year, for a five-year continuous period for any newly created position that inherently requires advanced research or development skills.
Mississippi Apprenticeship Program
Designed to help businesses grow their own skilled workforce through rigorous on-the-job training and related classroom instruction, assisting companies from concept to implementation.
Corporate & Specialized Business Exemptions
Mississippi provides aggressive, targeted incentives designed to attract corporate headquarters and support businesses that invest in their employees’ well-being.
Minimum jobs for Headquarters Sales Tax Exemption
Tax credit for employer-covered dependent care costs
Maximum allowance for out-of-state corporate relocation expenses
Headquarters Sales & Use Tax Exemption
Businesses establishing or relocating a regional or national headquarters to Mississippi receive a full exemption on sales and use taxes for component building materials, machinery, and equipment.
Headquarters Relocation Credit
To ease the transition, an additional credit is available to cover actual relocation expenses for out-of-state headquarters moves, drastically reducing the friction of establishing a new base of operations.
Dependent Care Credit
This program allows a 50% credit for employer-paid expenses related to certified child or elder care facilities, aggressively supporting workforce labor participation and employee retention.
Revitalization & Civic Infrastructure
TCDF and our municipal partners actively leverage state and federal grant programs to continuously modernize our commercial districts and critical public infrastructure.
Statewide jobs created by Main Street programs
Federal grant for Ripley Tanglefoot Trail extension.
Maximum project grant for Development Infrastructure Program
Main Street Revitalization Grants
Local municipalities, including the City of Ripley, actively deploy revitalization grants to preserve historic downtown structures, improve aesthetic appeal, and support the local retail and hospitality economy.
Development Infrastructure Grant (DIP)
Provides targeted grant injections for rapid deployment on critical, localized public infrastructure necessary to finalize a corporate site selection decision and promote economic growth.
Small Municipalities Grant Program
Provides financial assistance for public improvements to municipalities with populations under 10,000, ensuring our local communities maintain the modern infrastructure required to support industrial growth.
Ready to Optimize Your Capital?
Let the Tippah County Development Foundation help you navigate our comprehensive local and state incentive portfolio to find the perfect fit for your next project.