PINE BELT, Miss. (WDAM) – In a Thursday press conference, Mississippi Governor Tate Reeves announced a $1.3 billion economic investment plan to increase state economic development and growth.
The plan includes proposed infrastructure investments and site development efforts throughout the state. Reeves said these projects would entice businesses with high-paying jobs to locate in Mississippi.
”To better position our state for further economic growth, we need to invest in our state’s roads and increase the number of project-ready sites across Mississippi,” said Reeves. “These investments will go an incredibly long way toward giving Mississippi the competitive advantage it needs to land more economic development projects and deliver more high-quality, high-paying jobs for Mississippians.”
The proposed infrastructure investments represent approximately $1.3 billion in transportation capacity project funding. These projects are ready to begin construction upon receiving the necessary funds.
Included in the $1.3 billion is an additional investment of $100 million into the Emergency Road and Bridge Repair Program, which all 300 municipalities and 82 counties across Mississippi may apply.
The plan also includes $57 million in grants to develop project-ready sites across Mississippi. Reeves said these sites are critical to attracting large businesses to the state because these sites will allow companies to relocate to Mississippi immediately.
Approximately $206 million would be allocated to eight projects here in the Pine Belt. These local projects include the following:
A list showing all investment projects can be found HERE.
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