Purpose

Purpose. The Advantage Mississippi Initiative was outlined and developed by Governor Ronnie Musgrove and enacted into law in August of 2000. The Advantage Mississippi Initiative is a blueprint to expand prosperity throughout our entire State. This Initiative includes not only new business incentives but comprehensive programmatic changes designed to enhance Mississippi's competitive position in the nation and the world. The Mississippi Ace Fund (“Ace Fund”), administered by the Mississippi Development Authority (“MDA”) is a program designed for making grants to Economic Development Entities (“Local Sponsors”) to assist in funding extraordinary economic development opportunities to promote economic growth in the State of Mississippi (“State”). Local Sponsors are encouraged to use these grants in connection with other State and federal programs. Funding for grants to Local Sponsors is derived from monies contributed to the Ace Fund by private and public sources.