Tuesday, May 21, 2024

Breaking Ground

 Governor Tate Reeves issued the following statement yesterday. 

Governor Tate Reeves today participated in the groundbreaking ceremony for the largest economic development project in Mississippi history. 

Amazon Web Services’ (AWS) planned $10 billion investment in Madison County is the single largest private sector investment in the state’s history, and will create at least 1,000 high-tech, high-paying jobs for Mississippians. Additionally, the investment will establish multiple data center complexes in two Madison County industrial parks.

“It’s hard to put into words just how important today is to the future of Mississippi,” said Governor Tate Reeves. “It’s truly a watershed moment in Mississippi economic development history, and I’m proud of the massive impact this project will have on our state. In recent years, we’ve seen multiple record-breaking private sector investments, we’ve reached historic new heights when it comes to education, and we’ve worked hard to train our workforce for the jobs of the next 50 years. This record-shattering investment from Amazon Web Services will continue to ignite further economic growth and drive our state forward. The future of Mississippi is bright, and the only day better than today is tomorrow.”

“We’re proud to begin our next century of service in Mississippi alongside AWS,” said Entergy Mississippi President & CEO Haley Fisackerly. “This historic moment gives us an opportunity to continue making investments in our infrastructure, while keeping energy rates affordable for all 459,000 of our Mississippi customers. From the beginning, AWS was clear that this project needed an electric utility partner that could scale quickly to meet their needs, and a state that could match their desire for speed-to-market. Mississippi has delivered on both. We look forward to driving local job growth, creating thriving communities and powering the prosperity of the region.”


Anonymous said...

Would like to thank our BOS for making sure Canton doesn't prosper with anything done up here.

Anonymous said...

if only we could’ve gotten TSMC and Intel. Jackson might have truly become a global tech hub.

Gov. Spin Doctor said...

"...we’ve reached historic new heights when it comes to education..."

Bwa, ha, ha.

Tater is fixin' to get ready to run for Senator.

Anonymous said...

finally some economic growth, but the growth industry of state and federal government still has em all beat

Anonymous said...

I will believe this when it is built, occupied, and producing, until then, I say B.S.

Anonymous said...

Thrilled to have AWS here in Madison County.
For the record, you all need to remember this.
NOTE: SITE is NOT in the city of Canton but will have a Canton Mailing address. The COUNTY parcel will remain only County parcel.

AWS will have a 10-year, 100% corporate income tax exemption, along with incentives for Sales and Use Tax for construction as well as investments made 12 months post-construction.
Amazon will receive a rebate of 3.15% of eligible construction costs and a 100% exemption for Sales and Use Tax on equipment.
There is also a 30-year rolling state tax exemption.
In the event Amazon continues to make the annual minimal investment of $500 million and hires 50 additional jobs, those tax benefits could be extended.

The company will begin paying income tax after 10 years but will not be exempt from payroll taxes.

Anonymous said...

I find it extremely hard to believe that this is larger than the Engles plant in Pascagoula!

Anonymous said...

"Would like to thank our BOS for making sure Canton doesn't prosper with anything done up here."

I've tried, unsuccessfully, to figure out what the hell that post means. I gave up.

If the city of Canton and the County Board of Supervisors will just stay the hell out of the way (while avoiding indictment on other matters), the new industry will be successful.

Anonymous said...

8:04 the dirt work for the job begun months ago. It is a done deal. Take your negativity elsewhere. Nissan, Toyota, and Continental all happened. Geez

Anonymous said...

8:56, good question. Was there a cost/benefit study for AWS in Madison County and Mississippi?

Anonymous said...

3:35pm, I fail to see how the City of Canton will not prosper from something so massive right next door.

Hookah said...

Does corporate welfare come with a work requirement?

Anonymous said...

Will be very interested in seeing the effect on electricity rates. The foregone taxes are meaningless to the average guy, but higher utility rates are a different matter.

Anonymous said...

1,000 new jobs equals 1,000 additional vehicles on Madison Roads twice a day. Right now the respective roads can't handle that.

Minor details.

John Blankenbaker said...

This is progress and good for the locals as well as the state. While there will be some direct workers needed (not 1,000 unless there's some type of HQ included), there will also be demand for supporting services. All of this creates new jobs and requires added infrastructure. The municipalities and state gain sales and income tax revenue. Your choice is to embrace it or sit on the porch and bleat.

Anonymous said...

May 22, 2024 at 4:52 AM
Gor the same reason it hasn't prospered from the Nissan plant. Cantonians aren't likely to work there.

Anonymous said...

“ I fail to see how the City of Canton will not prosper from something so massive right next door.
May 22, 2024 at 4:52 AM”

Oh yes. I can see new luxury homes being built in Canton, shopping centers, and new students flooding the highly touted and robust canton school district! Oh by the way, what is the color of the sky in your fantasy world?

Anonymous said...

Amazon has obviously been educated about Mississippi palm grease.

Anonymous said...

All for economic growthbut..... why should the entire state subsidize these projects which primarily only impact the geographic area they are located in ?
Is there a strong fact based argument that they impact the entire state in a significant manner ?

Kingfish said...

That is a straw man argument. Name ONE economic development project that benefits the entire state as you put it? They are all going to primarily benefit the immediate geographic area of the site.

Anonymous said...

too bad amazon doesn't allow remote work though

Anonymous said...

Banks and Griffin used Canton as a spring board to get into politics and on the BOS. Banks still has a business in town burying the dead but doesn't give a damn about the people in town. Griffin is also a money guy who forgets where he came from. But, that is the nature of Politics without term limits.

No, everyone who comes here for these projects is encouraged to avoid Canton as we see with folks when they take about Jackson. 80% Black, large Hispanic population and high crime, that's all they hear. Then again, the city fathers don't seem to care for the city unless it's putting coin in their own pockets.

Anonymous said...

9:42 I am not arguing that ANY benefit the entire stste. The issue is that almost all these projects benefit the same 2 or 3 areas of the ststae whereas tax payers from throughout the stste are subsidizing them . It is by no means a strawmans argument.

Anonymous said...

Joey Deason (MCEDA) and state Economic development made this happen?! The MC BOS only votes to allow contracts and approvals happen …
These conversations at Top level have occurred for a few years.
County officials get a vote once proposed and final details are presented.

Good work Mr Deason

Anonymous said...

8:11am fails to mention the AWS Payment In Lieu of Taxes that will pump a ton of money into the county, or the school ad valorem tax that will make Madison County Schools the wealthiest district in the state. Canton Public Schools will get a huge influx of tax money, as well.

Anonymous said...

The long winded whiners about geographic beneficiaries just don't get it. Especially that incessant Twitter Yappy Dog.

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If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

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