CORE X Partners Establishing Cold Storage Operations in Gulfport
Feb 1, 2024 - Jackson, MS
by: Mississippi Development Authority
CORE X GULFPORT, a subsidiary of CORE X Partners, is establishing cold storage operations at the Port of Gulfport. The project is a more than $73 million investment and will create 73 jobs.
CORE X Partners is a leader in the global supply chain and cold storage industry. As part of a national network of full-service, cold chain operations, CORE X GULFPORT will serve food producers and manufacturers throughout the region from a new 150,000-square-foot cold storage facility. 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.
The Mississippi Development Authority is providing assistance through the Mississippi Flexible Tax Incentive, or MFLEX program.
CORE X GULFPORT expects to break ground on the project by the end of the year. The company plans to create 48 jobs in its first year of operation, with projected growth to 73 new jobs by its second year of operation.
QUOTES
“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. 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. The Mississippi momentum continues.” – Gov. Tate Reeves
“CORE X’s decision to invest $73 million to establish cold storage operations at the Port of Gulfport speaks to the many advantages of doing business in Mississippi, one being our ideal location in the Southeast with direct access to the Gulf of Mexico. 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
“We are delighted to have earned the trust of the Port of Gulfport and plan to invest over seventy million dollars to build a world-class port facility. Gulfport will be our sixteenth facility as our national CORE X platform continues its rapid growth.” – CORE X Partners Co-Founder and Chief Investment Officer Tom Casey
“The Port of Gulfport is thrilled to begin this partnership with CORE X. We believe the addition of a modern cold storage facility offers great synergy for continued implementation of the Port’s strategic plan to fully utilize the port and create more high-paying jobs on the Coast. This not only brings elevated economic growth to the region but also supplements the Port with a tremendous asset that enhances our ability to attract business locally and internationally while building on our strength as a perishable cargo port.” – Mississippi State Port Authority CEO & Executive Director Jon Nass