MCEDA Announces the Purchase of 520 Acres
The Madison County Economic Development Authority (MCEDA) has completed the purchase of an additional 520 acres within the Madison County MegaSite, which brings the total acreage under Madison County’s control to 900 acres. Today’s purchase follows several years of strategic land acquisitions which started with obtaining the first land options back in 2012. Madison County’s proactive actions in securing the remaining acreage within the site demonstrates the community’s commitment to economic development. Earlier this year, the County executed the sale of 69 acres within the site to a private company that will be the initial tenant.
“We are excited about today’s land purchase and the potential that it brings to our community. Successful economic development strategic planning has a long-term view.”, said Sheila Jones, Madison County Board of Supervisor. “MCEDA has a vision to ensure we have readily available product when competing in a global business environment, giving Madison County a competitive advantage. This purchase is one more piece of the puzzle that helps to enhance Madison County’s competitive edge.”
“We thank the Madison County Board of Supervisors for providing the funding to move forward with the purchase of the additional property and their confidence in the MCEDA team.”, said Joey Deason, Executive Director of the Madison County Economic Development Authority. “The leadership of the Madison County Board of Supervisors and the MCEDA Board has led to today’s successful land purchase. We look forward to many great things to come.”
The current environment of industrial projects is fast-paced. Site location consultants and industries have high expectations when siting a new facility. Communities need to be prepared to meet the increased speed to market companies demand when deciding to construct a new facility. The site is development ready with all due diligence surveys completed, which means that wetlands and environmental consideration have been identified. Additionally, infrastructure build out is already underway. This includes a one-mile paved access road that has been partially funded through grants from The Mississippi Development Authority, Entergy Mississippi, and The Delta Regional Authority. Once complete the MegaSite will have full infrastructure capabilities on-site which will include a 300 MW Substation with triple redundancy, as well as full sewer, gas, and water with a one-million gallon water tank.
MCEDA continues to build a comprehensive marketing plan to help promote the attributes of the site to key target markets. Madison County’s recruitment efforts focus on the advanced manufacturing, warehouse and distribution and data center sectors.
As the leader of economic development for Madison County, MCEDA’s mission is to encourage the growth of the county’s existing business and industry, attract new investment and higher-paying jobs, and to increase Madison County’s competitiveness leading to a diverse, vibrant economy benefitting all the county’s citizens.