August 21, 2015

Fiscal Division: Three Rivers Local Development Company, Inc.


About the Fiscal Division

Three Rivers Planning & Development District prepares and reports on approximately 100 individual budgets that are administered by its various divisions. Several federal and state agencies frequently send monitors to make certain Three Rivers is fulfilling its obligations and we also work with independent auditors (Franks, Franks, and Jarrell). We are proud to say we have had no uncleared monitoring findings. We regularly receive an unqualified opinion on the audits of Three Rivers Planning & Development District, Three Rivers Solid Waste Management Authority, The PUL Alliance, and GM&O Rails to Trails Recreational District of North Mississippi. We provide fiscal administration for all of the following entities:

Three Rivers Planning & Development District
Three Rivers Employee Medical Benefits Trust
GM&O Rails-to-Trails Recreational District of North Mississippi
Three Rivers Area Agency on Aging
The Mississippi Partnership for Workforce Development, Inc.
Three Rivers Solid Waste Management Authority
The PUL Alliance
Three Rivers Local Development Company, Inc.: Three Rivers Local Development Company, Inc. serves all 82 counties in the State of Mississippi and has been designated by the Small Business Administration as a certified development company to work with small businesses and private lenders to initiate loans under the 504 Loan Program. The maximum SBA 504 loan amount is $2,000,000 ($4,000,000 for small manufacturers) with a maximum participation not to exceed 40% of the project cost. The SBA 504 Loan Program is for the purchase and use of long-term fixed assets such as land, buildings, and certain equipment. The program requires the creation or retention of at least one job per $50,000 of financing. Three Rivers does not charge the standard 1.5% processing fee.
Three Rivers Retirement Benefits Plan
Three Rivers Investment Corporation
North Mississippi Mayors Association

75 South Main Street
Pontotoc, MS 38863
Post Office Box 690
Pontotoc, MS 38863
P: 662-489-2415
F: 662-489-6815