Gov. Reeves announces $40 million Jones headquarters coming to Hattiesburg
HATTIESBURG, Miss. (WDAM) - Governor Tate Reeves announced that Jones Capital, LLC. is building a new corporate headquarters in Hattiesburg.
Gov. Reeves announced the news during a press conference at the Trent Lott National Center on Monday at 10:30 a.m.
Reeves said the construction project is expected to cost $40 million.
“Jones’ decision to invest $40 million and create more than 200 jobs in Hattiesburg is yet another major economic win for Mississippi and further proof our state’s economy is thriving,” said Reeves. “It’s clear – Mississippi has the capable workforce and business-friendly environment companies need to succeed. My administration will continue to be unwavering in its commitment to increasing jobs that offer above-average wages. With this project, that’s exactly what’s happening.”
Jones portfolio companies including Codaray Construction, FV Recycling, Jones Logistics, Jones Lumber, Jones Power, PortaBull Storage, Spot and Big Black River Holdings will be headquartered in the new building.
“This is a great day in the Pine Belt because we have Mississippians investing back in Mississippi and creating jobs, particularly higher-paying jobs for our fellow Mississippians. One of the things that we’ve talked a lot about the last ten years is that in Mississippi we need population growth. One way in which you see population growth is to keep our best and our brightest at our universities staying here,” says Reeves.
According to Jones CEO Jonathan Jones, the building will be located in the midtown area across from the University of Southern Mississippi.
Jones said the building design has been in the works for a couple of years. He said the building we be able to host about 350 new jobs. Jones’ goal is to have 230 full-time employees at the headquarters within the next five years.
“Jones has been around for about 70 years and for the last 70 years, our mission has been to change lives by providing jobs. So around 95% of our earnings every year go back in to growing companies, or buying companies, starting new companies, and so our mission is to be a jobs provider so we’re looking forward to being able to do that more in Hattiesburg, in Midtown,” explains Jones.
Jones said that average pay will be around $80,000 a year plus benefits.
“I want more and more young people graduating from colleges, and certainly graduating from William Carey and the University of Southern Mississippi, the best and the brightest are going to have an opportunity to intern at the Jones Companies and they’re going to have an opportunity and stay and create not only a job, but also a career for themselves and their families. Particularly those in economics and finance and accounting and investing and things like that. And these are good-paying jobs, almost twice that of the county average,” says Reeves.
“Our announcement today will have a generational impact on our company and Hattiesburg,” said Jones. “Bringing our portfolio companies’ leadership teams together under one roof will create synergies, efficiencies, and creative collaboration that will foster sustainable growth for Jones.”
Jones also said there would be internship opportunities and talent pulled from USM to help keep local employees.
The project is the culmination of an extensive site selection process and facility design that reflects the dynamic, entrepreneurial culture of Jones but also embraces the vision and architectural integrity of the Midtown master plan.
“Being a premier city in the Gulf South means having a collective spirit to go after big things and get them,” said Hattiesburg Mayor Toby Barker. “Both the history and the leadership of Jones lends itself to that spirit. Today’s announcement is not only a big play for Midtown, but it’s a major step in diversifying and enhancing the availability of quality jobs in our community. In addition to Southern Miss, Forrest General Hospital and Hattiesburg Clinic, this new headquarters will help anchor Midtown’s redevelopment, amplifying the momentum we’ve seen in this area.”
Reeves says this type of growth is exactly what Mississippi cities need.
“What an investment like this does is it actually attracts other entities to look in a similar area because in economic development, like most other things in life, success begets success. And as you see these very impressive multi-million dollar headquarter investment in the midtown area, it just leads to more restaurants and higher quality of life for people throughout the region. So I couldn’t be more proud of this investment,” Reeves explains.
The Jones headquarters is slated to begin construction in Summer 2022 and will take 18 months to complete with occupancy expected in early 2024
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