$2.8 million set aside for Hancock County site development
Posted at 1:17 p.m. on Saturday, February 12, 2022
FOUR, Miss. — Governor Tate Reeves today announced that the State of Mississippi is investing nearly $2.8 million in site development projects with the Hancock County Port and Harbor Commission.
Through the RESTORE Act, Stennis International Airport will receive $2,547,940 for the engineering, design and site development of Stennis Technology Park, a 40-acre, multi-phase development.
Through the Mississippi Development Authority (MDA), Port Bienville Industrial Park will receive a $250,000 Premier Site grant for environmental due diligence on Site 1, a 475-acre parcel with convenient rail access to the manufacturing or storage.
“Ready-to-go sites are a top priority for businesses looking for a new location,” Governor Tate Reeves said. “By investing in these sites today, we are laying the foundation on which businesses can quickly locate, grow and create jobs for future generations of Mississippians.”
Site Development Grant funds made available by the MDA and the RESTORE Act assist local economic development entities in their efforts to stimulate economic growth by attracting new industries to competitive, start-up-ready sites.
MDA Premier sites require a minimum of 100 acres and must have attributes that set them apart from other properties, such as being in high-demand locations, having acreage for large-scale development, or having significant utility infrastructure already in place. square. They must also have a workforce capable of attracting the target market.
“MDA commends each of these communities for taking the initiative to ensure their sites are competitive and ready to meet the unique needs of businesses across a wide range of industries,” said Laura Hipp, Interim Chief Executive Officer of MDA. “Mississippi is a great place to do business, and the continued development of these industrial sites is another attribute we can add to our strong portfolio of competitive business advantages.”
The Hancock County Port and Harbor Commission is the county’s main economic development agency. Stennis International Airport and Port Bienville Industrial Park are home to 30 companies with over 1,000 employees.
“We are working on long-term visions for the port and airport, and this funding will help us achieve our goals. Port Bienville is a world-class intermodal logistics hub. Stennis Airport is a destination of choice for general aviation, military and industrial partners,” said Cotter. “We appreciate the continued support of Governor Reeves, MDA and our Hancock County delegation for making the continued development possible.”