​NEW MARKET TAX CREDITS
FINANCING COMPONENT:
  • Project which will have a significant economic impact and invest more than $5 million should consider this option. 
  • Financing provides low interest only payments for 7 years. 
  • At the end of year 7, the principle on the note is due and is typically refinanced into. traditional loan with approximately 20% for the debt* being forgiven if the project has hit its goals. 
                         * At the end of the 7-year compliance period, a significant portion of the NMTC benefit may be converted to equity or cash grant or carried as debt by an affiliate of the borrower or the borrower itself. 

​CASH GRANTS 
STATE OF MISSISSIPPI PAYROLL REBATE CASH: 
  • Annual rebate of up to 4% of the previous year's payroll fo up to 10 years
  • Company must pay at least 110% of the average county wage



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