CORINTH, Miss. (WTVA) -- Gary Chandler has high hopes to fill a rather large space on a map at his office in downtown Corinth.
"From an economic development standpoint, our community is ready to move forward and to really capitalize on these assets over the next ten to twenty years."
They have a firm belief that will happen east of Corinth in the town of Farmington.
Corinth and Alcorn County's Chamber of Commerce and economic development entity called The Alliance has closed on a deal to purchase around 420 acres of land for just over $1 million.
The site includes access to two rail lines, utilities, and a four lane highway.
"Everybody we've talked to in the economic development business has indicated that we needed more product. We needed a site that would give us the ability to compete for large projects and we think this site-especially with the rail access (and) the access to Corinth's new water facility just puts us in an excellent position to compete for projects that Corinth and Alcorn County have been unable to complete for to date," The Alliance Chairman of Economic Development Reece Terry said.
They believe the site could accommodate two to three industries each offering up to 400 jobs.
"This opens the door for us to market at least two separate 100-acre sites on rail, so that puts us in a position that we haven't been in in this community in some time," Chandler added.
Officials say the new industrial park is needed especially since the city's existing park is at almost to full capacity.