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Thursday, November 3, 2022

Governor Reeves Announces Special Session to Finalize Largest Economic Development Deal in State History

JACKSON (Office of Governor Reeves) – Governor Tate Reeves today announced that he is calling a special session to finalize the largest economic development deal in Mississippi history.

The deal will include an approximately $2.5 billion corporate capital investment and create 1,000 jobs. The average salary of these jobs is approximately $93,000. At $2.5 billion, it is nearly double the previous largest corporate capital investment in state history. The average salary expectations of the jobs will be over double the existing average salary in the state.

“Mississippi’s economy is firing on all cylinders and this game-changing investment is bringing a thousand high-paying jobs to our state,” said Governor Tate Reeves. “One of my top priorities will always be to raise the per capita wages of Mississippians. This historic economic development deal does exactly that and will have a remarkable impact on communities across Mississippi.”

The economic development deal includes a flat-rolled aluminum production facility, biocarbon production facilities, and certain other industrial facilities. It will also include infrastructure improvement projects. The facilities will be located in the Golden Triangle Region.

Governor Reeves called the special session to begin on Wednesday, November 2, 2022, at 10:00 am. The special session could last as little as one day.