Governor Tate Reeves made a groundbreaking announcement today, calling for a special legislative session to finalize what is poised to be the largest economic development project in Mississippi’s history. This monumental project is set to bring a staggering $10 billion corporate capital investment to the state, significantly outpacing any previous economic initiatives.
The project’s scope is immense, promising to create 1,000 high-tech jobs, a boon for the local workforce. This investment quadruples the size of the state’s previous largest economic development effort, setting a new benchmark for Mississippi’s economic growth and potential.
Governor Reeves expressed his excitement and optimism regarding the project: “The size of this new capital investment is unlike anything we’ve seen before in Mississippi. It’s the single largest capital investment that has ever been made in the state of Mississippi – by a lot. The fact is that records were made to be broken, and that’s exactly what our state continues to do. This is a massive win for Central Mississippi, the Jackson metro area, and all of Mississippi. It’s a great time to be a Mississippian.”
The investment will fund the construction of two hyperscale data center complexes in two industrial park sites. One of these cutting-edge data centers will be located in Canton, while the second will be established in another location within Madison County. These data centers represent the forefront of technological advancement and will undoubtedly play a pivotal role in boosting Mississippi’s profile in the tech industry.
The special session called by Governor Reeves is scheduled to begin on Thursday, January 25, 2023, at 9:30 a.m. It aims to expedite the approval process for this landmark project, potentially concluding in just a single day.
This development marks a significant milestone in Mississippi’s economic history, signaling a new era of prosperity and technological advancement. As Governor Reeves noted, it is indeed “a great time to be a Mississippian,” with the state setting new records and pushing the boundaries of what’s possible in economic development.
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