Grenada, Mississippi
The Grenada, Mississippi BDO Zone for Woody Biomass is rated ‘A’.
Rating Issue Date: April 11, 2024.
'A' ratings denote high prospective viability of Feedstock Supply and Infrastructure and low expectations of default risk in the Zone. Capacity to support new biobased plant operations is considered strong.
Grenada, MS, BDO Zone Overview
Feedstock quantities are expressed in bone-dry tons per year (bdt/yr), which is a ton of woody residue with a moisture content of 0% (wet basis). Feedstock costs are expressed in United States dollars (USD). Maximum transport distance is based on a 75-mile driving distance from the center point (Duck Hill, MS).
BDO Zone Assets
- 1.85 million bone dry tons (bdt) of woody biomass available in the BDO Zone at low risk, including 1.25 million bdt of pulpwood, 0.4 million bdt of sawmill residues, and 0.2 million bdt of forest residues.
- Legacy of private forest ownership and forest operations providing strong support for local bioeconomy developments.
- Excellent greenfield location for a new facility in an industrial park with all utilities, access to rail, road, and air transportation, and extensive land available for expansion and storage.
BDO Zone Liabilities
- Labor challenges that will require sustained training and retention efforts to scale up.
- Increasing transportation costs due to high truck insurance rates and truck driver shortages.
- Potential housing challenges for new project employees.
Infrastructure
- Two greenfield sites of 115 acres and 100 acres respectively are available just north of Grenada, MS, at the intersection of Interstate 55 and Hwy 7. The two sites are part of the Business and Technology Park North, Grenada County, a project awarded recently $4.3 million for development.
- The sites are located on each side of the existing industrial road and can be aggregated or subdivided, and more acreage can be made available. The sites are zoned industrial. There are no restrictive obstacles to the development of a new bio-industry.
- The two parcels are owned by Grenada County and can be leased or purchased.
- Infrastructure:
- Electric: Three-phase power is available at the property line by Entergy (40 MW) and TVA (25 MW). Entergy can increase power to 80 MW on the new substation, and further increases can be accommodated.
- Natural Gas: Provided by Atmos at the property line through a 100-psi pipeline.
- Water: Available at the property line, managed by the GT&Y Utility District. A 500,000-gallon water tank is located in the vicinity with 100% capacity available to serve new customers.
- Wastewater: Gravity sewer at the property line; wastewater is treated by the City of Grenada (3.4 million gallons per day capacity) with 1.2 million gallons available.
- Waste: Industrial waste collection by Qwest Management in Grenada. Commercial dumpsters from 2 to 8 yards and roll-off container dumpsters are available.
- Telecommunications: 100G fibre optic high-speed internet is available at the site, provided by Sparklight.
- Transportation Access:
- An industrial four-lane north-south connection to I-55 is available to both lots. I-55 gives access to water, rail, road and air freight.
- The Grenada railway line is located on the east side of the industrial park. A rail spur serves one 10-acre lot with a 50,000 sq ft site pad built and one 36-acre site with a 200,000 sq ft pad; the new sites would need the rail spur extended 1,000 yards. Grenada Railroad (GRYR) connects Memphis to Jackson and provides daily interchanges in Memphis and Canton to other rail companies.
- The site is less than 5 miles from Grenada Regional Airport, which provides aviation fuel, aircraft parking, hangar leasing, a passenger terminal and lounge, rental cars, courtesy transportation and computerized weather. The closest international airport is Jackson-Medgar Wiley Evers International, 117 miles south of Grenada.
- No water freight exists within the BDO Zone, but the existing forest companies use established rail lines to move product out of the region. The nearest port is the Port of Rosedale, 70 miles west of the site.
- 850 usable acres
- Adjacent to Interstate 55
- Entire eastern boundary is CN Railroad
- South boundary fronts on Riverdale Road
- North boundary fronts on MS Hwy 7
- Nearest port is located 70 miles West of site at Port of Rosedale, Rosedale, MS
Local Grants and Incentives
Greater Grenada Partnership IncentivesThe local first stop for project support. Qualified businesses relocating or expanding in Grenada County can tap a range of local and state programs, and the two rated greenfield sites qualify for New Markets Tax Credits.
Site Development Grant ProgramAssists economic development organizations or local governments in Mississippi in developing more available greenfield sites for industrial development. Ready sites are eligible for grants of up to $50,000; Premier sites are eligible for grants of up to $250,000.
Industrial Property Tax ExemptionA 10-year exemption from property taxes may be granted by local governing authorities on real and tangible personal property being used in the state, covering all local property taxes except school district taxes. It may not be granted on finished goods or rolling stock. Businesses must apply and be certified by the Mississippi Department of Revenue or the Mississippi Development Authority.
Free Port Warehouse ExemptionAn exemption from property taxes paid on finished goods inventories leaving the state. Local governing authorities may grant warehouses or other storage facilities a full exemption on personal property being held and stored prior to transport to a final destination outside Mississippi.
Mississippi Development Authority Incentives DirectoryThe state's full catalogue of tax incentives, exemptions, grants and loans, including the Ad Valorem Tax Exemption for Broadband Technology Equipment available to qualified businesses in Grenada County.
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