Capital Improvements Revolving Loan Program (CAP)
Forecasted
The Capital Improvements Revolving Loan Program (CAP) from the Mississippi Development Authority funds public infrastructure projects to support business growth and community development in Mississippi.
Funder: Mississippi Development Authority
Due Dates (Anticipated): January 2027 (Application deadline, projected)
Funding Amounts: Loan program; funding amount, interest rate, and terms vary—see program guidelines.
Summary: Provides loans to Mississippi municipalities and counties for public infrastructure projects supporting business growth and community development.
Key Information: This is a revolving loan program, not a grant; assistance is in the form of loans.
Description
The Capital Improvements Revolving Loan Program (CAP), administered by the Mississippi Development Authority (MDA), offers loans to municipalities and counties across Mississippi to finance public infrastructure improvements. The program is designed to assist local governmental authorities in supporting new business locations, expanding existing businesses, or advancing other community-based infrastructure projects. CAP aims to strengthen the economic foundation of Mississippi communities by addressing critical infrastructure needs and fostering local development.
