Southern AgCredit held a groundbreaking ceremony on December 14, 2021, celebrating the start of construction on its new headquarters and branch. The new building will be located at 306 Commerce Center Drive in Ridgeland, Mississippi.
The rural lending cooperative specializes in financing land and agricultural operations. Its territory includes the southernmost 50 counties in Mississippi and 11 parishes in Northwest Louisiana.
The new building will encompass 19,000 square feet of office space, as well as 10,000 square feet of outside event space. It’s expected the project will be completed in January 2023.
“The new building will allow us to continue to grow, but more importantly it will give us more space to better serve our borrower-owners,” said Phillip Morgan, Southern AgCredit chief executive officer. “We outgrew our current space in 2018 and had to purchase a second building, so our administrative team has been split between two buildings in Ridgeland for a few years now. I look forward to the day we can all come back together and operate in one building.”
Morgan said the new space will also give Southern AgCredit the ability to host outdoor events for its borrower-owners.
“We are outdoor people by nature. We love to host our stockholders and others in the community, and the new outdoor event space will be the perfect setting for events to come.”
Participating with Morgan in the symbolic ground-breaking were the Southern AgCredit board of directors, H.C. “Buster” Bailey Jr., the Honorable Gene McGee, Dale Partners Architect, P.A., and Alliant Construction.