Pub. 2 2024 Issue 1

Dear MADA Members, I hope the first quarter of 2024 is going well for you. The 2024 legislative session is underway, and for new car dealers, there is a sense of relief that no major initiatives are on the agenda. However, this doesn’t mean a lack of vigilance, as MADA remains actively engaged in reviewing every bill introduced at the Capitol to assess its potential impact on automobile dealers. Traditionally, thousands of bills are introduced each year, and MADA is committed to safeguarding the interests of auto dealerships by carefully evaluating each one. Despite the absence of a major legislative push, MADA ensures a strong presence at the Capitol, reinforcing our commitment to serve as the voice of the automotive industry. In exciting news, Governor Tate Reeves has wasted no time in his second term, announcing two significant economic development projects for the state. The first project involves a substantial $2 billion capital investment in Marshall County for the production of electric batteries aimed at powering commercial vehicles. This initiative is projected to generate 2,000 jobs with an average salary of $66,000, along with a comprehensive employee benefits package. The second economic development project, located in Madison County, marks a historic moment for Mississippi. Amazon Web Services has committed a staggering $10 billion to construct two “hyperscale data centers,” making it the largest capital investment in the state’s history. This project not only signifies a monumental boost to the economy but also positions Mississippi as a key player in the rapidly evolving digital landscape. The 2024 Alabama-Mississippi-Tennessee Car and Truck Dealers Convention stands as an event you do not want to miss. Scheduled for June 23-26 at the Hilton Sandestin Beach Golf Resort and Spa, this convention promises a unique opportunity for networking and gaining valuable insights. Chair’s Message Advancing and Protecting the Interests of Franchised Automobile Dealers Trudy Moody, MADA Chair 4

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