Arkansas court approves incentives for Tyson processing plant
An Arkansas judge authorized tax incentives that will help meat processor Tyson Foods build its new facility in Green Forest, AR.
According to Arkansas Business, last week the Carroll County Quorum Court unanimously advised County Judge Sam Barr to grant the company a 10-year tax abatement and authorize 10-year revenue bonds for the proposed $136 million project
The new 200,00-sq.-ft. processing facility, to be located across the street from an existing Tyson plant with a corridor connecting the two, will increase the company’s partially cooked capacity, increasing efficiency by reducing transportation of products to other locations for further processing. The new facility would create approximately 85 jobs.
Improvements would include new equipment and production lines, as well as processes and technology designed to benefit food safety, quality and workplace safety. Construction could begin as early as summer and the project would be completed in late 2017.