Economic Development Fund

The Mississippi Ace Fund (Ace Fund), administered by the Mississippi Development Authority (MDA), is a program that provides grants to Economic Development Entities (Local Sponsors) to assist in funding economic development opportunities to promote economic growth in the State of Mississippi (State). Local sponsors are encouraged to use these grants in connection with other State and federal programs. Projects, which are eligible for assistance, must be related to the construction, renovation, or expansion of a new or expanded industry. The maximum amount of ACE funds, which may be provided for any one project, is $150,000.