VICKSBURG, Miss. (WLBT) - Public and private technology organizations will have a new, innovative space in Vicksburg to create jobs and generate wealth to benefit Mississippians.
The Vicksburg Warren Economic Development Foundation (EDF) announced Friday the Sen. Thad Cochran Mississippi Center for Information and Technology (MCITy) has secured much-needed financing to complete a project that started in 2019.
That’s when the Mississippi legislature allocated a total of $8.9M. Now through a combination of conventional financing, historic and new market tax credits, this dream will be real.
Affectionately called MCITy, the center will be a technology space where all the right businesses and organizations will collaborate to secure tech transfers and multi-million dollar government contracting opportunities to generate economic opportunities in the magnolia state.
Margaret Gilmer, incoming Chairwoman of the EDF said, “This project was highlighted in our strategic plan as the most consequential project for the region.”
The MCITy project began as part of a vision that the late Senator Thad Cochran had for Mississippi to fully capitalize on tech transfer and federal contracting opportunities to create high-paying jobs.