CORE X GULFPORT Establishes Port of Gulfport, Mississippi, Cold Storage Operations
02/02/2024
The new 150,000-square-foot cold storage facility will serve food producers and manufacturers throughout the region. Construction is scheduled for the end of the year.
“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 said.
The Mississippi Development Authority (MDA) is providing assistance through the Mississippi Flexible Tax Incentive, or MFLEX program.
“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 noted.
CORE X Partners, formerly RLS Partners, is a cold chain storage and logistics provider. The company serves the long-term needs of family-owned and entrepreneurial cold storage operators.
“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,” added Mississippi State Port Authority CEO & Executive Director Jon Nass.
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