Mississippi Administrative Code
Title 6 - Economic Development
Part 11 - Mississippi Gulf Coast Restoration Fund Program
Chapter 1 - GCRF Section 7 Grant Program Rules & Regulations
Rule 6-11-1.3 - Eligible Projects
Current through September 24, 2024
The intent of the Act is to stimulate growth and economic development in Pearl River, Stone, George, Jackson, Harrison, and Hancock counties. The GCRF Grant program is designed to support projects that will impact the competitiveness of these coastal counties and have a significant economic benefit on the region. Per the Act, projects must have the potential to generate increased economic activity in the region. The Act directs MDA to give priority to projects that meet the following criteria:
A. Projects that will impact the long-term competitiveness of the region and may result in a significant positive impact on tax base, private sector job creation and private sector investment in the region;
B. Projects that demonstrate the maximum long-term economic benefits and long-term growth potential of the region based on a financial analysis such as a cost-benefit analysis or a return-on-investment analysis;
C. Projects that demonstrate long-term financial sustainability, including clear performance metrics, over the duration of the project;
D. Projects that leverage or encourage leveraging of other private sector, local, state and federal funding sources with preference to projects that can demonstrate contributions from other sources than funds from the BP settlement;
E. Projects that are supported by multiple government or private sector entities;
F. Projects that can move quickly and efficiently to the design, engineering, and permitting phase;
G. Projects that enhance the quality of life/place and business environment of the region, including tourism and recreational opportunities;
H. Projects that expand the region's ability to attract high-growth industries or establish new high-growth industries in the region;
I. Projects that leverage or further enhance key regional assets, including educational institutions, research facilities, ports, airports, rails, and military bases;
J. Projects that are transformational for the future of the region but create a wider regional impact;
K. Projects that enhance the marketability of existing industrial properties;
L. Projects that enhance a targeted industry cluster or create a Center of Excellence unique to the region;
M. Infrastructure projects for business retention and development;
N. Projects that enhance research and innovative technologies in the region; and
O. Projects that provide outcome and return on investment measures, to be judged by clear performance metrics, over the duration of the project or program.
Miss. Code Ann. § 57-119-1, et seq.
