Business eyeing county’s Megasite
A yet to be named industry is looking to make a $385 million investment at the Madison County Megasite per a resolution of intent approved by the Madison County Board of Supervisors during their Monday meeting.
Board President Karl Banks said he does not know what industry is looking to locate here but that the Madison County Economic Development Authority is currently in negotiations with someone looking to make a potential investment of $385 million at the Megasite.
In the meeting, the unspecified industry was referred to as a “manufacturing processor.” Banks said he will not know who is looking at the site unless they choose to come to the Megasite.
He said if they choose to come the board will then “negotiate how to handle the taxes.”
Banks said he did not know how long the decision would take saying that those negotiations are happening at MCEDA. MCEDA Executive Director Joey Deason was unavailable for comment.
Last week a 100,000 square foot spec building built by the newly-formed Agron LLC, was announced and will be developed in partnership with Agracel and Ergon at the Madison County Megasite west of I-55 and Nissan Parkway off of Mississippi 22 near Canton.
The industrial shell building will have the ability to expand to 300,000 square feet.
This shovel-ready Megasite has full water, sewer and gas, including a 300-megawatt triple redundancy substation on site.
These buildings will join an Amazon fulfillment facility set to be substantially complete in August.
Amazon has 69.02 acres at the megasite and expects to have about 1,000 jobs.
Deason said in April that while anyone is waiting for the jobs to come available they can sign up for text notifications by texting MISSNOW to 77088.
Amazon fits within MCEDA’s vision to build a comprehensive marketing plan to help promote Madison County to key target markets like Amazon since the metro is sort of a crossroads between Dallas and Atlanta, Deason has said.
Late last October, MCEDA and county officials announced the purchase of 520 acres within the Megasite.
This purchase brought the total acreage under Madison County’s control to 900 acres.
MCEDA has been working closely with Entergy Mississippi to put in a $60 million substation that could provide upwards of 80 megawatts to service the Megasite.