Lambda, Inc., an AI infrastructure company also known as Lambda Labs, announced plans Wednesday to build the proposed Red Clay Technology Center Campus in Burkville. Developed by Cloverleaf Infrastructure, the project is estimated to yield a $33.1 billion investment and created more than 1,000 construction jobs.
According to Cloverleaf, the project represents more than $2.8 billion in projected local tax revenue for Lowndes County through 2049. An anticipated injection of over $1.6 billion is expected to benefit Lowndes County Public Schools, with a combined state and local tax revenue projected to reach $3.4 billion.
“Building a successful project starts with building strong relationships in the community,” said Stephen Balaban, co-founder and chief technology officer at Lambda in a media release. “We want to understand what matters to Lowndes County residents and local leaders and ensure those perspectives inform our approach. We’re committed to showing up as a good neighbor, keeping the lines of communication open and building a relationship that lasts well beyond the project’s development.”…