Tate Reeves calling a special session…
- Thread starter Maroon Eagle
- Start date
- Status
There's another one that I'm involved in that will require another special session that will bring right at another 1000 new jobs. Announcement to come in June From a current MS company that is the number one provider of their product in the US
That reminds me what Mississippians paid for the Nuke plant and how much power we don't use from it.
It’s a Hyundai plant in the Golden Triangle. North side of 82 across from Paccar.
I'm glad you keep reminding us how neutral you are politically. Imagine what you would do to Tate - and God help Trump - if you were actually somewhat left leaning but just wouldn't admit it.
"All I see is 3 tax hikes"************I’m still waiting for you to say that all you see here are 3 jobs.
I'm not in the know but I'm not sure that's true. We are currently starting substation work for the data centers. You may know more than me because I'm just a peon there though. And yes Entergy has real problems and I know this is about to get political but it already has so I'm going to say it anyway, the DEI hiring practices at Entergy have essentially ruined the company. They are hiring people that have no idea what the heck they are doing. Also lead times for breakers are around 2-4 years which is absolutely crazy
Neither. It's a 1000 men lined up to frick your mother, and she's going to pay them all
Have we all forgotten the Obama Green Energy scams where Mississippi tax payers got hosed?
Does this EV Battery plant have the same game plan?
- Green Tec Auto - Produced nothing but Green Cards for Chinese investors - $$$
- STION Solar panels - $$$$$
- KIOR Bio Fuels - $$$$$$$$$
- Kemper Co. Clean Coal Powerplant - $$$$$$$$$$$
It really likely will be. States aren’t as dumb on that as they used to be on incentives. The upfront money will likely be mostly infrastructure investments. There will probably be job training related tax credits that will only be worth something if they actually produce income to be taxed. There will be a fee in lieu agreement that eliminates most ad vslorem taxes other than the school portion.
But the overall structure is very likely to be setup where the vast majority of the incentive is foregone tax revenue if the project gets up and running, not the state coming out of pocket and getting hung out to dry if the project falls apart.
Two Vinod Khosla-backed operations on the list.
Charles Wang and Green Tec… 15 years ago with EVs and the MyCar being manufactured in Tunica. If we think EVs are too soon now, what about 2009?
Geez…
Don’t forget that Haley Barbour’s lobbying firm did a lot of promotion with the Kemper County plant.
What you just posted is far beyond some's ability to understand.......sad
It's only 26 miles from Byhalia to Collierville, Tn.. Wonder how many of those 2,000 employees will come from there ?
Um, got a cite, besides AOC wisely refusing incentives for Amazon HQ2?
I hate this state, and the people, as evidenced by this thread
The State is not investing $2B. They will be out about $350M - about half direct grants / half infrastructure improvements.
Maybe a few but Collierville is made up of mostly upper middle class people that already have jobs in Memphis. If you're worried about TN folks, maybe Fayette county. But hopefully most employees come from holly springs. Lord knows that town needs some influx of cash.
I wonder what the state contribution would have been for the $10 billion in Medicaid expansion dollars that were not pumped into our MS health care economy because our state leadership refused to pursue those dollars.
KiOR. What a crock that deal was. Thanks for reminding me of that 17ing criminal activity.
Fayette County folks will most likely go to Blue Oval City.
“I, too, 69”? Seriously, can they get any worse? I thought I69 was bad enough, but “I269”? Is Michael Scott in charge of naming interstates now?
Do y'all really think the state is investing $2 billion into a business coming into the state?
I know I don't have much of a dog in his fat, but Jesus Christ people. Why are you looking at this with anything but Mississippi glasses on? It takes a little thing to start a more significant thing. I know that from sitting here in Austin. It just takes one big project to get the ball rolling. now you can't say for certain that a project like this might induce some economic growth in that state, but it sure can't hurt.
I know it hurts your soul, but put politics down for two minutes and try to get some economic growth in the state. If they are not stepping on somebody's to get ahead then what the hell can it hurt?
I'm sure that you'll find something, and Mississippi just keeps being the poorest 17ing state in the union.
I know it hurts your soul, but put politics down for two minutes and try to get some economic growth in the state. If they are not stepping on somebody's to get ahead then what the hell can it hurt?
I'm sure that you'll find something, and Mississippi just keeps being the poorest 17ing state in the union.
Of course not.
But we’re also taking into account a state government that in the past sunk millions into a failed beef plant and gave Mississippi Power the right to raise customers’ rates while the Kemper plant was under construction.
The percentage chance that the State passes the burden on to the people is always higher than zero.
The question is: Is it manageable?
Next: Does it make sense?
Kemper vs. the Beef Plant: boons then boondoggles
Critics say the Kemper County power plant is the second coming of another taxpayer-funded boondoggle
mississippitoday.org
I don’t know the answer to the first question.
But it definitely makes sense. I’ve criticized some economic development announcements in the past because I think they didn’t do enough.
This is a big deal and so far the major concern is that out-of-staters may get most of the jobs since John Q. Rebel can’t read. **
The beef plant and Stion plant both involved the state getting involved in something they had no business being involved in and essentially making loans. Really dumb because it involved wrong way risk. If things go well, they don’t really get upside. If things go poorly, they get no jobs and lose the money.Of course not.
But we’re also taking into account a state government that in the past sunk millions into a failed beef plant and gave Mississippi Power the right to raise customers’ rates while the Kemper plant was under construction.
The percentage chance that the State passes the burden on to the people is always higher than zero.
The question is: Is it manageable?
Next: Does it make sense?
Kemper vs. the Beef Plant: boons then boondoggles
Critics say the Kemper County power plant is the second coming of another taxpayer-funded boondoggle
Be interesting to see how much direct outlays this project gets. Continental actually got a decent amount of direct investment in the private property, but we probably overpaid to get them to put it in Hinds county. Did sort of the same thing on a much smaller scale with Milwaukee Tool to get them to stay/expand in the delta. But for continental, even then, a large majority of the incentives were still infrastructure investments and/or foregone revenue rather than outlays that would have just disappeared if the project failed.
Interesting, especially since the hub is woefully under-developed to serve the "spokes"
Admittedly, I've been snarky during most of this thread but on a more serious note:
Yes, it is wonderful that there is a potentially high-return project to the state. Mississippi could use high-wage jobs and promise(?) of outside investment. However, I can't help but wonder a few things:
1. What is the original sourcing and where will the $350M ask be spent? If spent on infrastructure, I wonder if this type of funding would be ALSO available to help Jackson, which is woeful need of help.
2. While big projects like this a great for grabbing headlines and social media "impressions" and "likes," how is the state faring in making the already existing businesses in Mississippi be retained?
3. How is the state supporting and growing start-up companies and spin-out companies from universities in order retain them for the long term to grow Mississippi's base economy? Is it succeeding in getting the attention of outside investment?
Again, while the efforts for this project are encouraging, I liken this to a magician having the audience focus in one spot while deceiving them elsewhere. The KPIs for the state are still, in a word: woeful. And the optics in most of the key places Mississippi promotes still in need of improvement.
Sadly, there is still so much work to be done. I hope this project ushers in a new era. I've seen far too many reruns.
Yes, it is wonderful that there is a potentially high-return project to the state. Mississippi could use high-wage jobs and promise(?) of outside investment. However, I can't help but wonder a few things:
1. What is the original sourcing and where will the $350M ask be spent? If spent on infrastructure, I wonder if this type of funding would be ALSO available to help Jackson, which is woeful need of help.
2. While big projects like this a great for grabbing headlines and social media "impressions" and "likes," how is the state faring in making the already existing businesses in Mississippi be retained?
3. How is the state supporting and growing start-up companies and spin-out companies from universities in order retain them for the long term to grow Mississippi's base economy? Is it succeeding in getting the attention of outside investment?
Again, while the efforts for this project are encouraging, I liken this to a magician having the audience focus in one spot while deceiving them elsewhere. The KPIs for the state are still, in a word: woeful. And the optics in most of the key places Mississippi promotes still in need of improvement.
Sadly, there is still so much work to be done. I hope this project ushers in a new era. I've seen far too many reruns.
We’ve been snarky— me a little less so— what with us tagging @Lucifer Morningstar and congratulating him on his economic leadership because our elected officials often play the shell game with us in this realm.
In all seriousness, this move probably is a good play on the state’s part. Maybe the chiefs won’t splash us when they crap on the MDA’s brew.
Yeah it would be nice if companies could compete for energy customers and insurance customers so maybe there’d be this capitalist incentive to lower costs due to competition.Of course not.
But we’re also taking into account a state government that in the past sunk millions into a failed beef plant and gave Mississippi Power the right to raise customers’ rates while the Kemper plant was under construction.
The percentage chance that the State passes the burden on to the people is always higher than zero.
The question is: Is it manageable?
Next: Does it make sense?
Kemper vs. the Beef Plant: boons then boondoggles
Critics say the Kemper County power plant is the second coming of another taxpayer-funded boondoggle
Lots of projects fail in all states. Doesn’t mean you should stop trying.
But yeah I bet you could blame a lot of that lost money on bureaucracy. I thought you were in favor of that bureaucracy though?
- Status
Latest posts
-
Mississippi needs to get on board
- Latest: JackShephard
-
-
Get unlimited access today.