Business Details
41 Years
experience
Trusted Economic Development Financing Solutions
Since 1985, our organization has been dedicated to advancing Mississippi's economic landscape by providing innovative financing solutions and incentives for public and private sector projects. We specialize in creating pathways for businesses to access low-cost capital through taxable and tax-exempt structures, serving as a conduit issuer that connects borrowers with statutory incentives and financial markets. Our expertise spans decades of successful transactions totaling over $28 billion, supporting job creation and retention across diverse industries.We maintain strong partnerships with local governments and private enterprises, offering tailored programs that reduce capital investment requirements while ensuring compliance with regulatory frameworks. Our team combines deep institutional knowledge with a commitment to fostering sustainable economic growth throughout the Magnolia State.
Services
Project Financing
Tax-Exempt Bonds
Economic Development Incentives
Infrastructure Funding
Job Creation Support
Details
- Year established: 1985
Highlights and features
- We have 40+ years of experience in economic development financing since 1985
- We provide access to low-cost capital through specialized bond programs
- Our expertise covers diverse sectors including manufacturing, energy, and infrastructure
- We've facilitated over $28 billion in funding for Mississippi projects
- Our programs have supported 73,533 jobs creation and 209,830 jobs retention
Services
Project Financing
We provide comprehensive financing solutions for commercial and industrial projects through taxable and tax-exempt bond structures. Our conduit issuer model enables businesses to access statutory incentives while maintaining regulatory compliance. This program reduces capital investment requirements for private enterprises locating or expanding in Mississippi.
Tax-Exempt Bonds
Our tax-exempt bond programs offer favorable borrowing costs for qualified projects including infrastructure, healthcare, and education facilities. These instruments provide investors with tax advantages while delivering critical funding for economic development initiatives across the state.
Economic Development Incentives
We administer incentive programs that reduce capital requirements for businesses through specialized financing structures. These initiatives support job creation and retention by making expansion projects more financially viable for companies operating in Mississippi.
Infrastructure Funding
Through our Mississippi Development Bank division, we facilitate infrastructure improvements by issuing revenue bonds for local governmental entities. This program provides municipalities with access to reduced-rate financing for essential public works projects and community development.
Job Creation Support
Our financing programs have directly supported 73,533 jobs creation and 209,830 jobs retention across Mississippi. We work with businesses to structure financing solutions that enable workforce expansion and long-term employment opportunities in key industry sectors.
People
Larry W. Mobley
Executive Director and Treasurer
Larry W. Mobley brings extensive financial expertise to his role as Executive Director and Treasurer, overseeing MBFC's strategic operations and financial management. With deep knowledge of economic development financing, he leads the organization's efforts to support Mississippi's business growth through innovative capital solutions.
Debbie Wallace-McCollum
Board Secretary and Executive Administrative Assistant
Debbie Wallace-McCollum serves as Board Secretary and Executive Administrative Assistant, managing governance operations and administrative functions. Her organizational leadership ensures effective board coordination and supports MBFC's mission to advance economic development opportunities across Mississippi.
Reagan Shimp
Assistant Board Secretary and Finance Support Officer
Reagan Shimp provides critical financial and administrative support as Assistant Board Secretary and Finance Support Officer. With expertise in financial operations and governance procedures, he contributes to the efficient execution of MBFC's economic development financing programs and board management functions.
Questions
What types of projects qualify for MBFC financing?
Eligible projects include commercial and industrial developments, infrastructure improvements, energy initiatives, and public facilities. Contact us to discuss your specific project requirements.
How does the bond issuance process work?
MBFC acts as a conduit issuer for private entities and Mississippi Development Bank issues revenue bonds for local governments. We guide clients through the entire financing structure and compliance process.
What economic development incentives are available?
Our programs offer tax-exempt financing options, reduced capital requirements, and access to statutory incentives that help businesses lower investment costs and improve project viability.
Can small businesses benefit from MBFC programs?
Yes, our financing solutions work for businesses of all sizes, including small enterprises seeking expansion opportunities through cost-effective capital access programs.
What geographic areas do you serve?
We provide financing solutions statewide across Mississippi, supporting economic development initiatives in both urban and rural communities throughout the Magnolia State.