Jackson Downtown Grows, Residential Plan Successful
In 2018, USA Today ran an article about 28 cities that never recovered from the Great Recession. Jackson was No. 16 on the list.
However, five years later, the city appears to be rebounding nicely.
The poverty rate has dropped from 36.3% in 2017 to 23.8% in 2020. Median household income in 2017 was $28,697; in 2021, it grew to $38,298.
The downtown area is perking up with two major projects in the works. The historic Hayes Hotel in downtown Jackson is being transformed into 91 apartments. The city sold the building to J. Jeffers and Co. for $25,000. The developer is spending $27.2 million to transform the 10-story building into two floors of commercial space and the rest into apartments.
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