JACKSON, Miss.-- The small business rate incentives look to be extended another year according to a press release from Public Service Commissioner Brandon Presley.
Presley announced Tuesday that three of four major gas and electric companies have filed requests with the Commissioner to accomplish the cuts for another year.
"I think it's important for small business owners to be able to get encouragement to either expand their operations and/or create jobs."
These rate cuts, intuitively, provide reduced utility rates, waived security deposits, and encouragement of development of vacant buildings.
Presley added, "They're designed to help main street. You know, the dry cleaner, the diner, etc. These businesses are the back bone of Mississippi."
He introduced the idea of small business rates in 2011.
According to his press release it has saved 400 businesses over $140,000 so far.
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