DeSoto County Board of Supervisors Meeting Agenda May 2026
GE Vernova Pursues 10‑Year Free Port Incentive
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Description
The Board will consider Free Port Warehouse tax incentives for GE Vernova International LLC covering $39.5 million in new real property and $147.5 million in personal property. The proposed 10‑year incentive would be effective from January 1, 2026 through December 31, 2035.
Contract Details
Contract Amount
$39,473,433.00 real property; $147,488,786.00 personal property
Vendor
GE VERNOVA INTERNATIONAL LLC
Agency
DeSoto County, MS
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Effective 01/01/2026 through 12/31/2035 (10 years)
Renewal Date
2035-12-31
Renewal Info
Incentive period is proposed for a fixed 10‑year term ending 12/31/2035; any extension would require future Board approval.
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