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) 443-3350.

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

As part of the 2018 Downtown Master Plan, a market analysis was prepared to project future demand for various retail business types and housing types. For valuable information contained in that analysis and available on the DNA website, visit: xxxxxxxxxxxxxxxxxx

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.

Natchez Checklist: Click to download