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Incentives deadline extension expected to keep projects on track.

Publication: Mississippi Business Journal
Publication Date: 25-AUG-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Incentives deadline extension expected to keep projects on track.(Coast Rebuilding)

Article Excerpt
The Gulf Opportunity Zone (GO Zone) Act was passed by the U.S. Congress soon after Hurricane Katrina roared through Mississippi. It was touted as the panacea of the Coast's recovery. The Gulf Coast Business Council credits the incentives, particularly interest free bond financing and bonus depreciation, with spurring a wave of economic development.

Recent legislation that removed the minimum start date for projects is expected to facilitate more construction starts.

"This action was very important as many projects that had not yet started by the end of 2007 (the start deadline) would not have gone forward without this fix to the GO...

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