About the Community & Economic Development Division
The Community & Economic Development Division’s primary role is to provide assistance to local governments on issues related to economic development and community improvements. The most recognizable function is through the preparation and administration of grant and loan applications. The division also provides management and program support services, and remains flexible in providing additional assistance to local governments as new needs arise.
The Community & Economic Development Division maintains a close working relationship with local, state, and regional economic developers by assisting in the preparation of financial packages and supporting their recruitment and expansion efforts. In addition, the division provides administrative support to and/or for the North Mississippi Mayors Association, The PUL Alliance, the GM&O Rails-to-Trails Recreational District of North Mississippi, the CodeRED Emergency and Weather Warning System, and houshehold hazardous waste collection days.
Regional Industrial Development
In addition, the Community & Economic Development Division includes economic development staff who perform business recruitment, expansion, and retention activities for Union, Pontotoc, Chickasaw, and Itawamba counties. The alliance is modeled after The PUL Alliance and enables the counties to partner together to facilitate job creation and private investment on a regional basis.
Three Rivers Community Development Entity (CDE)
The Community & Economic Development Division also oversees the Three Rivers Community Development Entity (CDE). Three Rivers CDE utilizes its New Market Tax Credits (NMTC) Program allocation to facilitate manufacturing and other high-impact community projects as well as improve access to health care in low-income communities in rural Mississippi. Project priorities are manufacturing, rural health care, and high community impact projects with significant job creation and private investment located in qualified low-income areas within the State of Mississippi. Three Rivers CDE offers senior and/or subordinated debt for the majority of its Qualified Low-Income Community Investments (QLICIs).