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What's working--and what's not--with GO Zone provisions?

Publication: Mississippi Business Journal
Publication Date: 26-MAR-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: What's working--and what's not--with GO Zone provisions?(Gulf Opportunity Zone Act of 2005, implications for Mississippi)

Article Excerpt
More than a year and a half since Hurricane Katrina visited the state, Mississippians are starting to see the effects of the Gulf Opportunity Zone Act of 2005. Crafted to encourage the rapid rebuilding of affected counties and parishes in Mississippi, Louisiana and Alabama, the legislation established bond provisions and tax incentives. The legislation was modeled after the Liberty Zone Act that was passed in the wake of the attacks September 11, 2001.

"The Liberty Zone Act was very limited in its geographic scope and the types of businesses that would likely take advantage of it," said Louis Fuller, a member with Jackson's Brunini law firm. "The geographic coverage and the varieties of businesses that may take advantage of the GO Zone incentives are quite unprecedented."

In Mississippi, the act originally included 47 counties but Holmes and Humphreys counties were added after passage...

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Coast's use of GO Zone incentives slower than other areas., March 26, 2007

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