Local and state leaders gathered Tuesday for the groundbreaking of the SouthPoint Mississippi Industrial Park in Grenada County.
The latest win in Mississippi’s push for further economic development is slated to have a $4 billion direct impact on the economy and be home to up to 2,500 jobs, according to Gov. Tate Reeves.
Mississippi’s economic momentum is real – and it’s days like today that prove it.
Proud to break new ground on the SouthPoint Mississippi Industrial Park in Grenada. It’ll have a $4 BILLION direct economic impact and be able to host up to 2,500 jobs.
Another win for our state! pic.twitter.com/ub9iDEUs7w
— Governor Tate Reeves (@tatereeves) April 29, 2025
The Hollingsworth Companies, the largest non-urban industrial real estate developer in the southeastern U.S. with 125 tenants across 18 states, is behind the SouthPoint Mississippi Industrial Park. Upon full buildout, the new business park will offer over two million square feet of industrial space in 14 strategically designed buildings.
“We are excited to invest in Grenada and expand our portfolio of best-in-class industrial facilities,” The Hollingsworth Companies CEO Joe Hollingsworth said. “This industrial park will provide move-in-ready space for manufacturers and distributors seeking to scale their operations in a business-friendly environment. Mississippi’s strong workforce, competitive cost structure, and central location make it an ideal destination for industrial growth.”
Being constructed along Interstate 55 in Grenada with access to major distribution routes serving Memphis and Jackson, the hope is to attract national and international companies to the region. Since Gov. Reeves took office in 2020, over $32 billion in private sector investment has flooded into the state.
“Mississippi is on the fast track to leading the way in economic growth, and this project is just more proof that there’s no better place to set up shop than here,” Reeves said. “The SouthPoint Mississippi development demonstrates our state’s commitment to our booming manufacturing industry. It’s truly a driving force behind Mississippi’s momentum, and I look forward to seeing the long-term benefits to the people of Grenada and the surrounding region.”
Construction immediately began on two spec facilities to ensure speed to market and flexibility. Each of the 14 buildings included in the plan will range from 108,000 to 173,000 square feet, with an additional 800,000 square feet of expansion space available for future growth.
“These new high-quality industrial facilities will enhance our ability to attract new businesses and strengthen the local economy for years to come,” Greater Grenada Partnership President and CEO Matthew Harrison said. “With a direct impact of $4 billion and a multiplier of four, the total impact could reach as high as $16 billion.”
