By: Alex House
Area governors, power company executives and university presidents have established the Mississippi-Alabama-Georgia Network for Evolving Transportation, or MAGNET for short – a regional economic development initiative aimed at leveraging the Southeastern U.S. automotive vehicle and battery industry to stimulate economic development and job growth.
This tri-state initiative, which will be headquartered at the University of Alabama, will create a premier research and development hub for research-enabled mobility innovation that drives economic and workforce development. Joining the University of Alabama are the University of Georgia and Mississippi State University, each with critical expertise in all aspects of the automotive industry and emerging technologies.
A memorandum of understanding solidifying this partnership has been signed by the governors of Alabama, Georgia and Mississippi; the CEOs of Southern Company, Alabama Power, Georgia Power and Mississippi Power; and the presidents of the University of Alabama, the University of Georgia and Mississippi State University.
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