Industrial Development Tax Credits

At Mickelson & Company, we leverage our expertise to drive economic development through industrial development tax credits in Oklahoma and Mississippi. These powerful tax incentives are designed to foster job creation and infrastructure expansion in rural areas by connecting new and expanding businesses with the national freight rail network.

The Oklahoma industrial development tax credit provides a 50% credit for the development of new rail infrastructure that serves businesses adjacent to Class II/III railroads. Additionally, Oklahoma offers a 10% tax credit incentive for companies establishing or expanding operations in these rural areas. In Mississippi, the focus targets supporting rail-served locations, enhancing accessibility and economic potential.

By integrating these financial incentives into your growth strategy, Mickelson & Company can help maximize the impact of your investment. Our team is skilled in navigating these state-specific programs, ensuring that your project aligns with local regulations and achieves optimal financial and operational outcomes.