§ 57-10-513. General powers and duties of planning and development districts and qualified entities
The planning and development districts and qualified entities are authorized, empowered and directed to deposit all grant funds received pursuant to this article in a revolving assistance fund and to provide assistance therefrom to small businesses in accordance with this article and the following criteria, terms and conditions: To be eligible for assistance under this […]
§ 57-10-515. Engagement of professional services
The planning and development districts and qualified entities are hereby authorized to engage legal counsel, accountants, financial advisors, appraisers, consultants and others as needed in connection with providing assistance to small businesses pursuant to this article, and to charge the costs of these services to the small businesses receiving such assistance or charge the proceeds […]
§ 57-10-501. Short title
This article shall be known and may be cited as the Mississippi Small Business Assistance Act.
§ 57-10-503. Purpose
It is the purpose of this article to promote economic and community development in the State of Mississippi through the planning and development districts in Mississippi by providing assistance for job creation and retention and small business development and to authorize the issuance of state bonds or notes for funding such assistance.
§ 57-10-505. Definitions
The following words and phrases when used in this article shall have the meaning given to them in this section unless the context clearly indicates otherwise: “Assistance” means a loan to a small business or an equity investment in a small business by a planning and development district in accordance with this article. “DECD” means […]
§ 57-10-507. Mississippi Small Business Assistance Program established; purpose
There is hereby established, under the direction of DECD, a program to be known as the Mississippi Small Business Assistance Program for the purpose of making grants to the planning and development districts and qualified entities for their use in providing assistance to small businesses in accordance with this article for the purpose of creating […]
§ 57-10-509. Submission of grant applications to DECD
Any planning and development district or qualified entity desiring to participate in the program shall make application for a grant to DECD in a form satisfactory to DECD. The application must indicate that the planning and development district or qualified entity has established a small business assistance review board to review applications for assistance under […]