A new program is announced to grow jobs in Mississippi.
It's called "Grow Mississippi".
The program will fund loans to businesses to locate in the state.
The initial fund is $500 million.
BancorpSouth made that announcement Thursday in Ridgeland at C-Spire Wireless, citing that company as one example of a successful Mississippi based business.
Small businesses and corporations will all be considered for loans.
The process is similar to traditional BancorpSouth loan policies and credit standards.
"The best thing that could happen in any of our communities is for the economy to improve, those certainly qualify in this program," said Dan Rollins, BancorpSouth CEO.
The program will start taking applications and granting loans immediately.
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