First Consul Tate Reeves issued the following statement.
Dallas-based Compass Datacenters, a multinational data center developer, is locating its next hyperscale data center campus in Meridian. The campus will consist of eight data centers that will be constructed over an eight-year period.
Upon occupancy, Compass Datacenters' campus will represent an investment of $10 billion, including future tenants’ information technology equipment. The campus also will create thousands of direct and indirect jobs.
Compass Datacenters builds single-tenant, hyperscale data center campuses. The large-scale campuses built by Compass are designed to last for more than 100 years and create economies of scale to support local businesses and jobs.
Mississippi Development Authority is providing assistance for site preparation. MDA also will certify Compass Datacenters as a data center operator, which will provide the company with 10-year state income and franchise tax exemptions, as well as a sales and use tax exemption on construction materials, equipment and software and hardware replacements. The city of Meridian, Lauderdale County and electrical utility provider Mississippi Power Company also are assisting with the project. Mississippi Power will supply approximately 500 megawatts of power to the facility.
Data centers are a new type of utility, as critical to our day-to-day lives as power and water.
These large-scale buildings house and power numerous computer servers, which run the applications and services made possible online including business applications, online shopping, entertainment streaming, email services, digital file storage and more.
To learn more, go to compassdatacenters.com.
QUOTES
“This $10 billion megadeal is huge for Lauderdale County and the entire state as we continue an impressive economic development streak that is unprecedented in Mississippi. Through our pro-business policies and favorable business environment, we continue to establish our state as an ideal location for high-tech developments by providing the resources needed for innovation and growth. I thank the Compass Datacenters team for its well-placed confidence in our people and in our business climate, which will provide ample opportunities for the company and the residents of Meridian and Lauderdale County now and for generations to come.” – Gov. Tate Reeves
“Compass Datacenters’ multi-billion investment in Meridian marks yet another monumental economic development win for Mississippi, and it is the result of many factors that position our state as a hub for these high-tech projects. Speed to market, the availability of a shovel-ready site in Meridian I-20/59 Industrial Park and the capabilities of Mississippi Power were key to Compass Datacenters choosing Lauderdale County. The economic development team in Mississippi is second to none, and we are excited to continue bringing great job opportunities to the citizens of our great state.” – Mississippi Development Authority Executive Director Bill Cork
“We are looking forward to building our next campus in Meridian. We appreciate the time and effort Mississippi Development Authority, East Mississippi Business Development Corporation and Mississippi Power have invested with us to bring this project to fruition and look forward to bringing good-paying jobs and economic benefits to the region for decades to come.” – AJ Byers, President and Chief Development Officer, Compass Datacenters
“Since meeting the Compass Datacenter folks in February 2024, it has been one exciting experience. First, we need to thank Mississippi Power for bringing Compass to us. Mississippi Power’s investment in a substation for the I-20/59 Industrial Park, along with Lauderdale County’s ability to work with the Mississippi Legislature for a $4 million site grant, an additional MDA site grant and the city of Meridian’s water/sewer investment years ago, truly made this site a speed to market option for Compass. Thank you Compass Datacenters for selecting Meridian, Lauderdale County for your Mississippi campus.” – East Mississippi Business Development Corporation President Bill Hannah
“Mississippi Power has been an integral part of the economic development effort to bring more jobs and industries to our state for nearly a century. Mississippi Power has the generating power to support a growing Mississippi while maintaining reliable service for our customers. Our company is proud to be a part of the strategic team that delivered this significant investment to East Mississippi.” – Mississippi Power President and CEO Anthony Wilson
Upon occupancy, Compass Datacenters' campus will represent an investment of $10 billion, including future tenants’ information technology equipment. The campus also will create thousands of direct and indirect jobs.
Compass Datacenters builds single-tenant, hyperscale data center campuses. The large-scale campuses built by Compass are designed to last for more than 100 years and create economies of scale to support local businesses and jobs.
Mississippi Development Authority is providing assistance for site preparation. MDA also will certify Compass Datacenters as a data center operator, which will provide the company with 10-year state income and franchise tax exemptions, as well as a sales and use tax exemption on construction materials, equipment and software and hardware replacements. The city of Meridian, Lauderdale County and electrical utility provider Mississippi Power Company also are assisting with the project. Mississippi Power will supply approximately 500 megawatts of power to the facility.
Data centers are a new type of utility, as critical to our day-to-day lives as power and water.
These large-scale buildings house and power numerous computer servers, which run the applications and services made possible online including business applications, online shopping, entertainment streaming, email services, digital file storage and more.
To learn more, go to compassdatacenters.com.
QUOTES
“This $10 billion megadeal is huge for Lauderdale County and the entire state as we continue an impressive economic development streak that is unprecedented in Mississippi. Through our pro-business policies and favorable business environment, we continue to establish our state as an ideal location for high-tech developments by providing the resources needed for innovation and growth. I thank the Compass Datacenters team for its well-placed confidence in our people and in our business climate, which will provide ample opportunities for the company and the residents of Meridian and Lauderdale County now and for generations to come.” – Gov. Tate Reeves
“Compass Datacenters’ multi-billion investment in Meridian marks yet another monumental economic development win for Mississippi, and it is the result of many factors that position our state as a hub for these high-tech projects. Speed to market, the availability of a shovel-ready site in Meridian I-20/59 Industrial Park and the capabilities of Mississippi Power were key to Compass Datacenters choosing Lauderdale County. The economic development team in Mississippi is second to none, and we are excited to continue bringing great job opportunities to the citizens of our great state.” – Mississippi Development Authority Executive Director Bill Cork
“We are looking forward to building our next campus in Meridian. We appreciate the time and effort Mississippi Development Authority, East Mississippi Business Development Corporation and Mississippi Power have invested with us to bring this project to fruition and look forward to bringing good-paying jobs and economic benefits to the region for decades to come.” – AJ Byers, President and Chief Development Officer, Compass Datacenters
“Since meeting the Compass Datacenter folks in February 2024, it has been one exciting experience. First, we need to thank Mississippi Power for bringing Compass to us. Mississippi Power’s investment in a substation for the I-20/59 Industrial Park, along with Lauderdale County’s ability to work with the Mississippi Legislature for a $4 million site grant, an additional MDA site grant and the city of Meridian’s water/sewer investment years ago, truly made this site a speed to market option for Compass. Thank you Compass Datacenters for selecting Meridian, Lauderdale County for your Mississippi campus.” – East Mississippi Business Development Corporation President Bill Hannah
“Mississippi Power has been an integral part of the economic development effort to bring more jobs and industries to our state for nearly a century. Mississippi Power has the generating power to support a growing Mississippi while maintaining reliable service for our customers. Our company is proud to be a part of the strategic team that delivered this significant investment to East Mississippi.” – Mississippi Power President and CEO Anthony Wilson
28 comments:
Data centers make a hideous humming noise. Lots of litigation going on over the destruction of landowners' right to peaceful occupation and enjoyment of their property due to the incessant noise from these facilities. It's great if jobs - permanent jobs - are created but put those things in the middle of nowhere.
Come out to the Mega Site in Madison County at the intersection of Rt 22 and Nissan Parkway. It's ugh I say, ugh. When up and running will probably draw more power than the city of Gluckstadt.
Lots of palm greasing with that kind of money.
This will be staffed by 500+ H1Bs and the only Mississippians working will be the janitors.
It will be an amazing use of all that Kemper Clean Coal electricity! Can't have ope without the other!
Some people simply can’t accept growth & development.
H1 B = slave labor ; get ready peons the new smart immigrant with no rights is headed to your neighborhood!
“Shovel-ready,” do we remember when we heard that before? If a few muckity-mucks show up on-site with pristine white hardhats, wearing neckties and their sleeves rolled up like they’ve ever done a day’s real labor, wide grins on their pink, pudgy faces and shiny silver shovels posed for their photo-op, then, yeah, I believe it’s “shovel-ready.”
Worse yet, you can't deer hunt around those things
9:53 is spot on, just like what happened with the "gaming" industry.
This will be just like Nobama's "shovel-ready" jobs. "I guess they weren't shovel-ready."
Like having a 1000 acre pig farm located near you.
Man oh man. Y’all some serious bitchers. Y’all the kind of folk that would complain that the brick of gold that was given to you is heavy.
I think it's great, another industry, you may not like it but it's better than a chicken plant.
@11:21 AM they say ignorance is bliss. Or are you one of the NSGOP connected elite who are skimming contracts from this? The state gives far too many tax exemptions to these types of businesses with the promise they will hire THOUSANDS of Mississippians. What really happens is the connected grifters and hangers-on at the capitol will get cut and the taxpayer will pay the bills.
That's gonna be a lot of copper wire to rip out and sell for scrap.
What is the purpose of this? Crypto-mining?
This is good from a perspective of getting with the modern times, but how do we make money off of this? 10 years of no income tax... The jobs are good news, but they will be more of the HVAC, Electricians, Security, and Server Techs than anything else. The rest will be out of state and remote. These will make an impact in for the businesses around the area. When you buy cloud services, you are charged by the second for use of the provider's resources. We you swipe your card at a business, the business gets a cut for using their card services. What do we get?
As Spiro Agnew put it: "Nattering nabobs of negativity."
Oh how horrible! Mississippi is getting jobs! We should instantly for more welfare!
Electricity rates will go up, but profits are always a win!
Let's simply see if our power costs drop because of the huge amount of juice being produced.
Legally, H-1B visas require the applicant to have a bachelors degree or equivalent and be paid the same as an American holding the same position. It is reserved for skilled positions. There is a lot of misinformation about what the visa is for and who is eligible. If properly administered, it is a good concept. The economy benefits from skilled workers who make a positive contribution to our net tax revenue. Those with the visa are not supposed to be replacing American workers who are available to fill the job. That isn’t to say that there are not abuses of the system. But if properly administered, it’s a good program.
Suddenly I'm thinking about the abandoned Electric Car facility up at Tunica and all those white fans sitting there. That was a heralded state project. And all the windmills that have taken over the landscape up that way.
And everybody thought the Beef Plant was bogus-
Wow, someone actually quoted Spiro Agnew, Richard Nixon's criminal vice president, who resigned in disgrace (from the Nixon administration!!), and was then disbarred in a court opinion that called him "morally obtuse."
12:39 (1): Shouldn't you be dead by now?
Right on @11:22.
Those taxpayer dollars are tax credits - no investment, no tax break. Not enough Mississippi hires, no tax break, not enough investment, no cheap power. No real taxpayer dollars, except maybe infrastructure byuild - but that bebefits all comers. Stop yer bitchin’.
Exactly where will the extra electricity come from and how will it be produced? Does Entergy have all this unused capacity?
Who will fund the new power plants — the data center users or all ratepayers?
Mississippi should have researched why the states like Virginia who have a plethora of these data centers no longer want them and are certainly not giving tax breaks to get new ones.
Is this going to be a crypto-mining farm/AI supercomputers?
If so, the fact that a Dallas company isn't building it in Texas says all I need to know about it.
https://www.wfaa.com/article/news/state/texas-news/power-grid-concerns-texas-lawmakers-change-tune-bitcoin-mining/287-a053e258-9006-45dc-b99e-79ab51a6a94e
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