Reeves calls for special session to finalize ‘second largest economic development project in state history’

Published 10:08 am Wednesday, January 17, 2024

JACKSON, Miss. – Mississippi. Gov. Tate Reeves on Tuesday announced he is calling a special session 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. This follows the largest economic development project in state history – the $2.5 billion corporate investment by Aluminum Dynamics, Inc. that was announced in 2022.

The project, according to Reeves’ office, 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.

“Mississippi has momentum, and today’s historic announcement is further proof of that,” Reeves said. “This represents the single largest payroll commitment of any major project and will be the second largest capital investment in state history. Ultimately, what this really means is more quality jobs for Mississippians. That will always be worth celebrating.”

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The economic development project involves the production and delivery of electric battery cells for use in the commercial automotive and industrial applications space and invests in the public infrastructure necessary to support the project, which will be located in Marshall County.

Reeves called the special session to begin on Thursday at 9:30 a.m. The special session could last as little as one day.