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Monday, January 22, 2024

Governor Reeves Signs Legislation to Finalize Second Largest Economic Development Project in State History

JACKSON (Office of Governor Reeves) – Governor Tate Reeves today signed legislation to finalize the second largest economic development project in Mississippi history. Additionally, the economic development project represents the largest payroll commitment of any major project in state history.

“I was proud to sign legislation finalizing the largest payroll commitment of any major project, and second largest economic development project in Mississippi history,” said Governor Tate Reeves. “We’ve been laser-focused on attracting new companies and quality jobs to our state, and that’s what this project does. This is yet another massive win for Mississippi.”
A joint venture between Accelera by Cummins, the zero-emissions business unit of Cummins Inc., Daimler Trucks & Buses, and PACCAR, is locating advanced battery cell production operations in Marshall County. The company will manufacture battery cells for electric commercial vehicles and industrial applications, creating quality manufacturing jobs in the growing clean technology sector. 

The project will include a $1.9 billion corporate capital investment and create 2,000 jobs. The average salary of these jobs is approximately $66,000. At $1.9 billion, it is the second largest capital investment in state history. The average annual salary expectations of the jobs are almost $20,000 more than the current average annual salary in the state.

Governor Reeves signed the legislation during a press conference which can be viewed here.