Monday, October 31, 2022

Gov Calls Special Session for $2.5 Billion Project

 Lord Protector Tate Reeves issued the following statement. 

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.
 

43 comments:

Anonymous said...

Sounds like a grand slam home run. Another Nissan maybe better. Way to go Guv

Anonymous said...

Wait wait... don't tell me. This is cutting edge technology. We'll be the first to have it. It's never been tried before. So on and so forth. Beef plant, Kemper and many other boondoggle have been tried here before. Call me jaded, but....

Chowke, you lose, loser said...

This must mean that the Golden Triangle has reliable water, garbage, and water treatment facilities, along with streets and roads without potholes with their own zipcodes, and an effective criminal justice system.

Anonymous said...

The Golden Triangle has been the hottest area are for high tech development in the state. On a roll!!

Anonymous said...

It’s obviously a mini steel mill.

Anonymous said...

HailState!

Anonymous said...

@12:51pm - It also helps to have a well educated, willing to work populace to hire from.

Anonymous said...

Behind the scenes there will be some greasy palms.

Anonymous said...

Continental was supposed to be a big deal. I think they employ maybe 300. I want my money back.

Anonymous said...

It’s going to be a munitions factory and workers will all require secret security clearances, hence the high pay.

The weapons made there will be used to replenish our stocks and also to ship to Ukraine, Taiwan, and Israel.

Everyone in Mississippi should thank President Biden and the Democratic Party for creating the need for these weapons.

Also, KF is a pathetic cuck!

Anonymous said...

Madison Timber type project?

Anonymous said...

Timber? Did Lamar get a pardon?

Anonymous said...

A world class concussion drug factory?


Never mind.

Anonymous said...

Where is the Golden Triangle Region?

Anonymous said...

Steel Dynamics 2000 acre site. TVA electric is 20% less than other areas of state due to hydro power. This being reported by engineers that know about the proposal.

Millard said...

Google Steel Dynamics. You're welcome.

Anonymous said...

Also, KF is a pathetic cuck!

Pretty certain it isn't KF who is pathetic.

Anonymous said...

1:48. wrong.

near MSU is the best place to put tech in the state thanks to engineering..

Anonymous said...

Just like a Republican. Complain the whole time then take the credit at the last minute. No surprises.

Anonymous said...

Barbour showed how not to use the State Treasury to fund a risky startup industry. I prefer very limited accommodations from the state, that the new industry be mostly a private venture.

Reeves has the right idea in eliminating State income tax.

Anonymous said...

Should’ve called a special session to usher through some legislation giving the state authority over Jackson’s water system. There’s no way the city/Chokwe is gonna find a legit contractor by November 17. There’s just not. I don’t at all understand pumping such a tremendous emergency state-federal effort into shoring up OB Curtis only to hand it right back to a proven incompetent.

Don Drane said...

Well, actually campers, the largest, healthiest, most high performing, longest lasting and most successful industrial development project in this state was and is Ingalls Shipyard. Billions in payroll for that region over the past 70 years. That was our first toe-in-the water of "Balancing Agriculture with Industry" and state-involved industrial development.

Of course there are prissy naysayers who claim that was a waste of money and nothing but pork. Tell that to the tens of thousands of families who were raised on Ingalls dinner tables.

Anonymous said...

3:13, that's funny. I can just see all of those engineers turning down $200k jobs to stay in Starkvegas. Not happening. Great school, but don't equate a great school with an abundance of engineers wanting to work in Starkville. They can go anywhere in the world. And do.

Anonymous said...

4:04. Starkville is actually a very nice place to live, as is Oxford, Cleveland and Hattiesburg.

Anonymous said...

Here we go again, same song, same dance, but different governor, Tater's turn to claim he's harpooning a whale. It's nothing but another Mississippi governor deciding who he wants to be the winners at the expense of our taxpayers in the form of giveaways and tax breaks to big corporations. Unfortunately none of these big giveaway projects bring in the jobs or the money to state coffers that is touted, not even close, (see Nissan, Continental, Toyota, etc.) yet the tax breaks for those chosen few whales run a plenty and are never-ending. MS taxpayers are the suckers in these deals.

If you truly want to bring business to Mississippi and help individual taxpaying Mississippians throughout the entire state all at the same time, then do something decent and meaningful and eliminate the state income tax, entirely! That will bring in business -- see Texas, Tennessee, Florida with no state income tax. BTW, the piddly arse RINO move our charlatan legislators made to "reduce" the state income tax earlier this year was meaningless bullshart -- won't ever move the needle!

Anonymous said...

@1:48

Continental had a decent plan at first

Send there own people for startup, poach the smartest from local plants, THEN hire “locals” (meaning Bolton)


That last part is where the Krauts fucked up

Anonymous said...

No jobs in Oxford except working in restaurants, bars or yard work at McMansions.

Anonymous said...

What’s the big deal there was a 2.5B and a 5B investment in Louisiana plants last month. No special session and if they had to call one for a business they would call one every month .

Anonymous said...

2.5 billion divided by 2.9 million residents = less than a thousand per head.

Not too hard to imagine that type of gubmint spending pays off big for someone!

Anonymous said...

3:45 for the win!

Anonymous said...

Yep 6:24 a 7.5 billion Blue Hydrogen startup just announced plans to locate in Louisiana. They will get a tax exemption of some sort for sure, but they are going pay the locals for schools, roads and essential services. Nobody’s giving away the bank!

Grease is not just a movie said...

Those who get the tax breaks grease the palms of those who gave them the tax breaks. Can you say quid pro quo?

Anonymous said...

Will they be making rolled aluminum for the auto plants in the South?

Anonymous said...

It wasn't MDA that got this project. It was the leadership of the Golden Triangle area that has gone after these companies. Joe Max Higgins has been behind the scene working to get the Columbus area on the map - and he has done so. Lowndes County is one of the leading counties in valuation in the state. With this project the Lowndes County school board will get around 9 million a year and the County will reap around 8.5 million. Not bad for a piss ant county! Of course, the Legislature can take Haley and Phil's approach and just give the company 100% of what they need to get started. State Auditor Stacy Pickering's office did a report on the worse economic ventures in the state - most of which were funded under Barbour and Bryant. The were tens time worse than the cull cow plant!

Anonymous said...

Here is the press release from Steel Dynamics:
https://ir.steeldynamics.com/steel-dynamics-announces-investment-in-new-state-of-the-art-low-carbon-aluminum-flat-rolled-mill-aligned-with-its-core-steelmaking-and-recycling-platforms/

Ben Dover Taxpayers said...

Picking winners and losers republican style.

Anonymous said...

5:19
Instead of legislators you meant Delbert! Gunn wanted a full elimination Delbert the Democrat didn't, he wanted to continue to control the money.

Anonymous said...

How much $$ from the MDA "ACE" Fund is committed to this project???? and from the Mississippi Gulf Coast Restoration Funds???? Both valid questions here.

Anonymous said...

If they have to use a computer it’s going to hard to find a 1000 workers in Missippi, Remember dem ACT scores ! Alabama should be paying the incentives since that where most of the workers will come from and live!

Anonymous said...

Boring as S.

Anonymous said...

Stolen from Jackson no doubt.

Anonymous said...

Has Chokwe explained how this is racist yet...did I miss it?

Anonymous said...

Funny, it is Indiana based Steel Dynamics out of Fort Wayne.
Not surprising there is only a small group of engineers that make anything close to predicted $100,000 for 1000 jobs.
The average Steel Dynamics salary ranges from approximately $39,032 per year for Welder to $115,000 per year for Millwright. Average Steel Dynamics hourly pay ranges from approximately $14.45 per hour for Customer Service Representative to $28.28 per hour for Millwright.
How much does a Steel Mill Worker make in Indiana? The average Steel Mill Worker salary in Indiana is $51,945 as of September 26, 2022, but the range typically falls between $51,033 and $62,301.


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