(1) The awarding of an economic incentive to a certified applicant is contingent on a finding by the department that the applicant's qualified economic development project, including, but not limited to, the retention, expansion or location of the applicant's business is clearly in the best interests of this state. This finding shall be contained in a resolution adopted by the department. The resolution shall set forth the evidence and reasons supporting this finding, including, but not limited to:(a) Supporting evidence such as a feasibility study, market trends or other data demonstrating that the qualified economic development project will reach the department's stated goal of the economic incentive;(b) The general impact the qualified economic development project will have on the statewide and local economy and community;(c) The number of full-time, part-time or temporary jobs the qualified economic development project is expected to bring in to the statewide economy;(d) Information on direct and indirect public and private costs of the qualified economic development project; and(e) Negative effects from the qualified economic development project, and the assumptions on which on on direct and indirect public and private costs of the qualified economic development project; and(e) Negative effects from the qualified economic development project, and the assumptions on which the information is based.(2) The department shall share the resolution and supporting evidence described in this section with the University Research Center and, upon request, with the Governor, Speaker of the House and President of the Senate.Amended by Laws, 2020, ch. 482, SB 2563,§ 3, eff. 7/1/2020.
Mississippi Legal Code