Mississippi Aerospace Initiative Incentives Program
Provides tax incentives to eligible aerospace companies locating or expanding manufacturing, assembly, R&D, or training operations in Mississippi.
About this program
The Mississippi Aerospace Initiative Incentives Program provides tax incentives to companies that locate or expand in Mississippi and manufacture or assemble aerospace components or provide research, development, or training services for the aerospace sector. Eligible companies can receive a 10-year exemption from state income and franchise taxes and a sales and use tax exemption for component building materials and equipment related to facility startup or expansion.
Eligibility
Eligible applicants are aerospace businesses locating or expanding in Mississippi that manufacture or assemble aerospace components or provide aerospace research, development, or training services.
Requirements
- Company must locate or expand an eligible aerospace operation in Mississippi.
- Company must invest at least $25 million.
- Company must create at least 25 full-time jobs.