(The Center Square) – Amazon Web Services is investing $10 billion in two data centers in Mississippi, and lawmakers on Thursday announced $260 million in taxpayer funds to help finance the project. Approved to put in dollars.
State officials say the project will be the largest capital investment in state history, far lower than the $2.5 billion Steel Dynamics project announced last year and the $2 billion battery factory project approved last week.
State officials say 1,000 jobs will be created at the data centers located in two industrial parks in Madison County north of Jackson.
One of the bills passed during the special session states that taxpayers would also: provide Loans for “site preparation, public works, real estate purchases, infrastructure, public works, road and rail improvements, public works, buildings and equipment, recruitment and training, as well as planning, design, environmental mitigation, and environmental impact studies.” and grants.
The bill received near-unanimous support from lawmakers and was passed in record time during a one-day special session. House Bill 1 We have established the Project Atlas Fund to provide financial support to the project. House Bill 2 I have a specific budget; Senate Bill of 2001 was the vehicle for the project’s incentive package.
The project will also receive state franchise tax and state 7% sales tax breaks that will be phased out over the next few years.
“This record-breaking $10 billion private sector investment will not only create 1,000 high-tech, high-wage jobs for Mississippians, but will also help Mississippi become a leader in innovation,” Gov. Tate Reeves said Thursday on the News. “It will result in us continuing to be on the front lines.” meeting. “Mississippi is building a business environment ripe for further growth, especially in technology. In addition, we are building a business environment ripe for further growth, especially in the technology sector. We are doing things.”
The Mississippi Legislature’s regular session began at the beginning of the month, making it the second special session in recent weeks.Last week, Reeves called Special Legislature to Approve Incentives for Automotive Battery Plants in North Mississippi. The plant will involve nearly $2 billion in capital investment and employ 2,000 people, state officials said.
The deal will cost taxpayers $350 million.