News
$3 Billion in Mississippi GO Zone Bonds Still Available
The Mississippi Development Authority reports that approximately $1 billion of GO Zone Bonds has closed in Mississippi and approximately another $1 billion has been authorized. That leaves close to $3 billion unallocated at this time (Oct. 1, 2007). This is an incredible opportunity for developers of commercial, retail and industrial facilities as well as developers of apartment complexes that are prepared to operate with a percentage of moderate income (using national as opposed to more restrictive Mississippi standards). For more information, please contact an Alliance Member.
House Ways and Means Oversight Subcommittee to Hold Hearing
Tuesday, March 13, 2007, the House Ways and Means Oversight Subcommittee will hold a hearing on housing tax issues related to the redevelopment of the communities affected by the Katrina, Rita and Wilma hurricanes......
MBFC Primary GO Zone Bond Issuer for Mississippi Bonds
Most GO Zone bonds in Mississippi will be issued through the Mississippi Business Finance Corporation (the “MBFC”), a public, nonprofit corporation formed by the State to assist and encourage economic development within Mississippi...
Congress Extends Placed-in-Service Dates for 50 percent Bonus Depreciation For Certain Limited Properties Located in the Most Heavily Damaged Counties Within the GO Zone
The 2005 Gulf Opportunity Zone Act created the Gulf Opportunity Zone (GO Zone) which consisted of 31 Louisiana parishes, 49 Mississippi counties and 11 Alabama counties hit by hurricane Katrina...
