Gov. Tate Reeves called a special session of the Mississippi Legislature to convene Nov. 2 regarding a potential $2.5B business investment in the Golden Triangle (GT) area that would include aluminum and biocarbon production facilities. The economic development project "includes a flat-rolled aluminum production facility, biocarbon production facilities, and certain other industrial facilities," according to a news release. "It will also include infrastructure improvement projects. The project would bring 1,000 jobs to area encompassing Starkville, Columbus and West Point. Reeves said it would the 2.5B project would be the largest economic development in the history of the state. (Clarion Ledger 10/31/22) Gov. Reeves calls special legislative session on record $2.5B economic development project (yahoo.com)
UPDATE Nov. 2
MS LEGISLATURE OKS LOWNDES' PROJECT INCENTIVES
The Mississippi Legislature passed three bills to provide nearly $250M in economic incentives to an aluminum production facility in Lowndes County, during a one-day special session Nov. 2. The company plans to invest $2.5B into the area, the largest economic development in the state's history. The project will employ 1,000 people with an average salary of $93,000. "It's a great day to be a Mississippian," Gov. Tate Reeves said. If the company does not live up to its promises, it risks losing the incentives approved Nov. 2, which would include $155M in grants that are broken up into three tranches. (Clarion Ledger 11/02/11)
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