CORE X GULFPORT has announced a $73 million investment to establish cold storage operations at the Port of Gulfport, with the project expected to create 73 jobs.
The company, a subsidiary of CORE X Partners, is anticipated to serve food producers and manufacturers throughout the region from a new 150,000-square-foot cold storage facility.
“This is another great economic win for Mississippi and our Gulf Coast. We’re attracting business after business and creating thousands of jobs across our state,” Governor Tate Reeves said. “The collaboration between the Mississippi Development Authority, CORE X, and Port of Gulfport underscores the state’s commitment to fostering growth, creating quality employment opportunities, and further establishing Mississippi as a leader in the global logistics industry.”
According to the CORE X officials, the project — which will be located two miles from the port’s main entrance — is the first investment in cold storage infrastructure since Hurricane Katrina.
“We are delighted to have earned the trust of the Port of Gulfport and plan to invest over $70 million to build a world-class port facility,” CORE X Partners Co-Founder and Chief Investment Officer Tom Casey explained. “Gulfport will be our 16 facility as our national CORE X platform continues its rapid growth.”
The Mississippi Development Authority is providing assistance through the Mississippi Flexible Tax Incentive (MFLEX) program.
“The deep-water port enables the quick delivery of goods to international markets, and CORE X GULFPORT is the latest to join a growing list of companies seeking to optimize operations and stay ahead of shifts in the global supply chain,” Mississippi Development Authority Executive Director Bill Cork stated.
CORE X GULFPORT has scheduled the project’s groundbreaking to occur by the end of the year, with the company planning to create 48 jobs in its first year of operation. Projected growth at the facility is expected to bring 73 new jobs by its second year of operation.
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