Dallas-based Compass Datacenters, a multinational data center developer, is locating its next hyperscale data center campus in Meridian. 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.
“We are looking forward to building our next campus in Meridian. We appreciate the time and effort Mississippi Development Authority, East Mississippi Business Development Corporation and Mississippi Power have invested with us to bring this project to fruition and look forward to bringing good-paying jobs and economic benefits to the region for decades to come.” – AJ Byers, President and Chief Development Officer, Compass Datacenters
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.
“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. 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. The economic development team in Mississippi is second to none, and we are excited to continue bringing great job opportunities to the citizens of our great state.” – Mississippi Development Authority Executive Director Bill Cork
Data centers are a new type of utility, as critical to our 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.
