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So, what is ‘Project Octopus’?

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(Image by Oberholster Venita from Pixabay)

During Monday morning’s Warren County Board of Supervisors meeting, the board went into executive session with Vicksburg Warren Economic Development Partnership CEO Pablo Diaz and several others to discuss “Project Octopus.”

When the media was allowed back in the board room, the board informed them that an official announcement on what the project entails is still six to eight weeks away; however, Diaz said it would bring as many as 60 new jobs to the area and a capital investment of around $40 million.

Supervisors voted to give the project a five-to-10-year property tax exemption and said they would consider free port warehouse tax exemptions — to not taxing stored goods waiting for shipment — in the years that they were submitted.

Copyright © 2021 Vicksburg Daily News.

Vicksburg Daily News