JACKSON, MS — Dallas-based Compass Datacenters, a multinational data center developer, is locating its next hyperscale data center campus in Meridian, Mississippi. The campus will consist of eight data centers that will be constructed over an eight-year period.
“This $10 billion megadeal is huge for Lauderdale County and the entire state as we continue an impressive economic development streak that is unprecedented in Mississippi," Governor Tate Reeves said. "Through our pro-business policies and favorable business environment, we continue to establish our state as an ideal location for high-tech developments by providing the resources needed for innovation and growth.”
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 (MDA) 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.
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“Compass Datacenters’ multi-billion investment in Meridian marks yet another monumental economic development win for Mississippi, and it is the result of many factors that position our state as a hub for these high-tech projects," said Bill Cork, Mississippi Development Authority Executive Director. "Speed to market, the availability of a shovel-ready site in Meridian I-20/59 Industrial Park and the capabilities of Mississippi Power were key to Compass Datacenters choosing Lauderdale County.”
Data centers are a new type of utility, as critical to day-to-day lives as power and water. These large-scale buildings house and power numerous computer servers, which run the applications and services made possible online including business applications, online shopping, entertainment streaming, email services, digital file storage, and more.
