Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 1 - MISSISSIPPI DEVELOPMENT AUTHORITY (§§ 57-NEW-001 — 57-1-783) › IN GENERAL (§§ 57-NEW-001 — 57-1-70) › Section 57-1-55 - General powers and duties of Department of Economic and Community Development

(1)
The Mississippi Development Authority shall have the following general powers and duties: To develop and manage programs which enhance the climate for economic growth through assistance to private sector businesses, local communities and individuals, and through an extensive national and international marketing effort.
(2)
The Mississippi Development Authority shall have the following general powers and duties with respect to economic development:
(a)
To plan, supervise and direct an active program of solicitation of industries to locate within the state;
(b)
To prepare, maintain and disseminate information which is needed by companies in evaluating site locations;
(c)
To consult with, advise and assist prospective industries wishing to locate within the state;
(d)
To encourage new or expanding industries, which will add to the economy, to locate within the state;
(e)
To maintain a coordinated liaison function with other development groups, including state and federal agencies, and planning and development districts, utility companies, chambers of commerce and railroads;
(f)
To assist communities and counties within the state in preparation for economic growth;
(g)
To assist new and existing business and industry and encourage their development and expansion;
(h)
To plan and conduct a nationwide advertising program promoting the state to prospective industry. Any contract entered into for such purposes shall be advertised, bid and accepted in accordance with the same procedure as prescribed for the advertisement and acceptance of bids for the purchase of commodities and contracts for public purchases under Chapter 7, Title 31, Mississippi Code of 1972;
(i)
To work with economic development agencies of the federal government in areas of industrial development and provide information to industrial prospects regarding the availability of federal funds and assistance;
(j)
To work with the Department of Corrections, pursuant to the provisions of Section
47-5-501
et seq., in identifying and evaluating acceptable industries and businesses and in acting as an agent of the Department of Corrections by communicating with such concerns and aggressively soliciting their participation in the Correctional Industries Work Program;
(k)
To perform related work as required;
(l)
To disseminate information about financial and other programs of the Mississippi Development Authority that will assist in the creation or expansion of industries processing wood products in this state;
(m)
To market processed and raw agricultural products domestically and abroad;
(n)
To aid in the establishment of business incubation centers by private business interests, not-for-profit corporations, and/or governmental entities. The department may provide funds by contract for the establishment of business incubation centers and may contract for space in which business incubation centers will be located. Business incubation centers are defined as facilities and support services that encourage the establishment of successful small businesses by providing a short-term sheltered environment. The department may solicit and accept grants and other financial aid or support from private or public sources to aid in the development of business incubation centers. In addition, advice and assistance to established business incubation centers may be provided by the department;
(o)
To employ licensed real estate brokers and appraisers necessary for the industrial development of any real estate under the ownership or control of the Mississippi Development Authority. Any contract entered into for such purposes shall be advertised, bid and accepted in accordance with the same procedure as prescribed for the advertisement and acceptance of bids for the purchase of commodities and contracts for public purchases under Chapter 7, Title 31, Mississippi Code of 1972 ; and
(p)
The Mississippi Development Authority will establish, administer, manage, make expenditures and allocations from the Forestry Facility Grant Program under the provisions of Section
57-1-783
.
Laws, 1979, ch. 438, § 6; Laws, 1983, ch. 409, § 9; Laws, 1987, ch. 482, § 27; Laws, 1988, ch. 518, § 41; Laws, 1989, ch. 544, § 44; Laws, 1999, ch. 444, § 1, eff. 3/19/1999.
Amended by Laws, 2023, ch. 332, SB 2525,§ 3, eff. 7/1/2023.