Mississippi
Meridian lands $10 billion Compass Datacenters project, Gov. Tate announces
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Dallas-based Compass Datacenters, a multinational data center developer, is locating its next hyperscale data center campus in Meridian, according to Gov. Tate Reeves, who announced the project at the Mississippi Economic Council’s Capital Day Thursday.
The campus will consist of eight data centers that will be constructed over an eight-year period.Upon occupancy, Compass Datacenters’ campus will represent an investment of $10 billion, including future tenants’ information technology equipment. The campus also will create thousands of direct and indirect jobs. Compass Datacenters builds single-tenant, hyperscale data center campuses. The large-scale campuses built by Compass are designed to last for more than 100 years and create economies of scale to support local businesses and jobs.
Mississippi Development Authority is providing assistance for site preparation. MDA also will certify Compass Datacenters as a data center operator, which will provide the company with 10-year state income and franchise tax exemptions, as well as a sales and use tax exemption on construction materials, equipment and software and hardware replacements.
The city of Meridian, Lauderdale County, and electrical utility provider Mississippi Power Company also are assisting with the project. Mississippi Power will supply approximately 500 megawatts of power to the facility.
Ross Reily is a writer for the Clarion Ledger, part of the USA TODAY Network. He can be reached at rreily@gannett.com or 601-573-2952. You can follow him on the X platform, formerly known as Twitter @GreenOkra1.