MS Aerospace Initiative

– Provides aerospace businesses with 10-year state income and franchise tax exemptions and a sales and use tax exemption for the start-up of a facility or completion of an expansion
– Available to companies that manufacture or assemble components for the aerospace industry or provide research, development or training services for that sector
– Companies must invest at least $25 million and create at least 25 full-time jobs paying at least 110% of the state or county average annual salary