STARKVILLE, Miss. (AP) — Oktibbeha County supervisors have passed a resolution to let the public know it will borrow $5 million when needed to support an economic development opportunity.
Supervisors took the action this week at the urging of the Golden Triangle Development LINK, a local economic development group.
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Local residents will have until 10 a.m. June 3 to submit petitions calling for an election on the issue.
Officials say the county is more likely to attract major developments if spending authority is in place as an incentive if a large company wants to locate in Oktibbeha County.
Joey Deason, Oktibbeha County’s representative with the LINK, says the city of Starkville will be asked to make a similar commitment.
The money will be used to acquire land, update infrastructure and construct facilities.
