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Mississippi’s Small Business Relief: Gaps and Opportunities

August 26th, 2020

Web_MS Small Business Brief(2)

As part of its response to the COVID-19, the Mississippi legislature, passed with overwhelming bi-partisan support, a historic relief program to assist small businesses withstand COVID’s economic impact. Despite high-levels of demand from the state’s small businesses, the Mississippi Development Authority, charged with administering the program, disbursed very few grants within the first two months of the program. In response, the legislature enacted key changes to make the relief funds more accessible by affected small businesses. The following provides an overview of the program, analysis of its implementation to date in comparison to other programs in the Deep South, and makes recommendations as it enters the next phase of implementing the recently passed changes.

Read the full brief here.

Briefs, Financial Inclusion