Reeves calls special session to finalize deal

Session to finalize the largest economic development deal in Mississippi history.

Mississippi Gov. Tate Reeves has announced that he is calling a special session to finalize the largest economic development deal in Mississippi history.

Gov. Tate Reeves has called a special session to finalize the largest economic development deal in state history.
(Bob Bakken/DeSoto County News)

 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 Gov. 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.

 Gov. 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.

Bob Bakken

Bob Bakken is the most recognized and most trusted name in DeSoto County news and sports reporting, as readers continue to express their appreciation for his accuracy and fairness in the stories he writes. Bob provides content for DeSoto County News and occasionally is heard on the OB Pod podcast talking about area happenings. A former newspaper editor and writer, his award-winning background also includes television news producing, sports media relations, and radio broadcasting.