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Manufacturers repair, expand facilities, take advantage of benefits.

Publication: Mississippi Business Journal
Publication Date: 26-MAR-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Manufacturers repair, expand facilities, take advantage of benefits.(Gulf Opportunity Zone Act of 2005, Hurricane rehabilitation incentive for Mississippi)

Article Excerpt
From Columbus to Bay St. Louis, the GO Zone legislation is helping businesses rebuild and will continue to help the state recover from Hurricane Katrina for many years to come. Manufacturing facilities are a key component of Mississippi's economy, and this sector is taking advantage of GO Zone benefits.

"It's been very beneficial legislation," says Jay Moon, chief executive officer of the Mississippi Manufacturers Association (MMA). "It has a lot of businesses--those damaged and those not damaged but in the counties in the zone--taking a look at their business plans. In many cases, they have accelerated their plans to take advantage of the incentives."

The most beneficial incentive has been helping manufacturers directly affected get back on their feet. The extended deadline for the 50% bonus depreciation...

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