State officials unveil sales pitch for Memphis Regional Megasite
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JACKSON, Tenn. — State officials stopped Tuesday in the Hub City to show the sales pitch they hope will bring companies to West Tennessee’s Memphis Regional Megasite in Haywood County. Commissioner for Economic and Community Development Randy Boyd said Tennessee’s ripe economic climate and second-lowest cost of living in the country are just a few of the recruiting tools they’ll use. “We’ve got a list of 34 major companies from around the world that we’re going to go and see and start marketing,” Boyd told WBBJ Tuesday. “I’ll be in Korea in two weeks. I’ll be in France in six weeks, but we’re ready to sell.” Local officials said filling the Megasite will impact all of West Tennessee. “Where the biggest benefit will come for communities outside of Haywood County in this region are those communities that are ready with an industrial park that’s fully served, that can help locate the suppliers, that will serve whoever locates at the megasite,” President and CEO of the Jackson Chamber Kyle Spurgeon said. “It’s a win-win for everybody in West Tennessee and the state of Tennessee,” State Rep. Jimmy Eldridge said. “When one part of Tennessee does well, all of Tennessee does well.” Right now, there’s nothing at the Megasite except a large water tower, but state officials said their goal is not just to have one but multiple large companies come in and set roots in West Tennessee. “The exciting thing is that we’re not going to be dependent on just a single company, but we’ll have four to maybe six anchors that we’ll be able to build our economy around,” Boyd said. The state of Tennessee has invested more than $106 million in the Memphis Regional Megasite. Officials said they cannot give a timeline of when to expect a business to move in, but they’re hopeful the wait won’t be long.