How To Open A Business In Downtown Natchez
Step 8. TAKE ADVANTAGE OF BUSINESS RESOURCES
Businesses within Downtown are fortunate to have a variety of resources to help their businesses succeed, including the organizations listed below, as well incentives and market analyis information:
Local Organizations
Downtown Natchez Alliance (DNA)
DNA is Natchez’s non-profit downtown revitalization organization and is affiliated with both the state and national Main Street organizations. To learn of all their services, go to: https://natchezdna.org or call them at (601) 392-6915.
Natchez-Adams County Chamber of Commerce
The Chamber has served as the business support organization for many decades in Natchez. Serving businesses throughout the area, Downtown and elsewhere, you can visit their website at natchezchamber.com or call them at (601) 445-4611.
Natchez, Inc. Economic Development For Natchez & Adams County
Natchez, Inc., is a public-private partnership established in 2010 for economic development in Natchez and Adams County. Their primary responsibilities are the recruitment, retention and expansion of business. To learn of their services, go to https://natchezinc.com or call them at (601) 445-0288.
Incentives and Market Information
Incentives
Below are two incentives that are most relevant to property owners/buyers, but in some cases such individuals might also be business owners. Below are links to both incentives.
Tax Credits for Historic Building Rehabilitation
• For information on the federal tax credits, visit: https://www.nps.gov/subjects/taxincentives/index.htm
• For information on the state tax credits, visit: https://mdah.ms.gov/historic-preservation/preservation-planning-development#tax-incentives
Qualified Opportunity Fund Investments
• For information, visit: https://www.irs.gov/credits-deductions/businesses/opportunity-zones
Market Information
Free Small Business Data & Trends From the SBA
The U.S. Small Business Administration has vital and Free data and statistics you can use to research on their website, such as interest rates, demographics, and consumer stats. For the full list, visit: https://www.sba.gov/business-guide/plan-your-business/market-research-competitive-analysis#id-free-small-business-data-and-trends
Free National Small Business Guide from the SBA
The Small Business Resource guide, updated for 2024, is jam-packed with info to help you start, grow, expand, and build your business. To download, visit: https://www.sba.gov/document/support-national-resource-guide-english
2024 DNA’s Destination Downtown: Real Estate Game Plan Materials from Place + Main
The Game Plan is a package of materials that includes current and projected market data, including demographic trends and retail leakage; and results of the Downtown Visioning Walking Tour and Possibilities Presentation, with recommendations of strategies Downtown Natchez could undertake that would improve the real estate conditions.
