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MS SB2025

Bill

Status

Failed

1/31/2023

Primary Sponsor

Joseph Thomas

Click for details

Origin

Senate

2023 Regular Session

AI Summary

  • Establishes the West Central Mississippi Incubator Grant Program under the Mississippi Development Authority to grow new businesses and micro-enterprises in six counties: Humphreys, Madison, Sharkey, Sunflower, Washington, and Yazoo

  • Creates a planning council partnership with multiple entities including the Department of Finance and Administration's Office of Surplus Property, county boards of supervisors, and regional economic development organizations

  • Provides incubator services including shared office space, utilities, equipment, reduced rents, technical and business personnel access, building security, janitorial services, and management assistance

  • Authorizes the establishment of one business incubator in each of the six participating counties, with locations determined by the Mississippi Development Authority in consultation with partner entities

  • Effective date of July 1, 2023

Legislative Description

West Central Mississippi Incubator Grant Program; establish with county governments, DFA and local development districts.

Last Action

Died In Committee

1/31/2023

Committee Referrals

Finance1/9/2023

Full Bill Text

No bill text available