Koch Foods Expands in Scott County with $145.5M Investment
Slice of Agriculture Team
Nov 28, 2024
Key Highlights:
- Koch Foods announces a $145.5 million expansion in Scott County.
- The investment will create 128 new jobs over the next five years.
- Expansion includes upgrades to its Morton facility to boost processing and distribution operations.
- Mississippi Development Authority supports the project via MFLEX tax incentives.
- Project reinforces Mississippi as a hub for business-friendly initiatives.
Source: Direct
Quotes
“ “This is another big win for Mississippi. Koch Foods’ $146 million investment speaks volumes about what’s happening in our state. We have a pro-business mindset, skilled workforce and prime location that offers efficient access to major domestic and international markets. There are a lot of good things happening here and this is just the latest example!” ”
Tate Reeves, Governor at Mississippi
Our Take:
Koch Foods’ expansion in Scott County signals Mississippi’s growing reputation as a pro-business state. The significant $145.5 million investment and creation of 128 jobs demonstrate confidence in Mississippi’s workforce and infrastructure. The use of the MFLEX program highlights the state’s innovative approach to incentivizing corporate growth while boosting local economies. This expansion not only strengthens Scott County’s economy but also reinforces Mississippi’s strategic importance in the national food production and distribution sector.
