Mississippi Business Finance

About

The Mississippi Business Finance Corporation is a public, non-profit corporation with the mission of coordinating a variety of state resources in order to assist businesses and industry in obtaining financing.

Story

The Mississippi Business Finance Corporation is a public, non-profit corporation with the mission of coordinating a variety of state resources in order to assist businesses and industry in obtaining financing and in positioning the State as an aggressive competitor in the global market. MBFC's financing programs assist in establishing new facilities and expanding existing businesses. MBFC represents a cooperative effort between the public and private sectors to stimulate both commercial and industrial development and expansion by administering financing programs that provide competitive or below market interest rates and tax incentives for qualified projects. MBFC works in cooperation with financial institutions and economic development entities statewide with the goal of increased employment and capital investment in Mississippi. MBFC is governed by a membership of 25 representatives from the public and private sectors.

Legislation in the 2001 session ended a statutory relationship between MBFC and the Mississippi Development Authority ("MDA"); however MBFC continues to work cooperatively with MDA and all other Mississippi economic development entities in the creation of new jobs and increased capital investment.