Mississippi County Might Spend $2.75 Million to Lure Company - KAIT Jonesboro, AR - Region 8 News, weather, sports

Blytheville, AR

Mississippi County Might Spend $2.75 Million to Lure Company

BLYTHEVILLE, AR - Mississippi County's Quorum Court tomorrow night is expected to decide if it will spend $2.75 million to lure a new business to the county.

According to a report in arkansasbusiness.com, County Judge Steve McGuire won't name the company, but said it is not in the auto or steel-related fields.

The company may sign an agreement to guarantee a minimum of 300 jobs over a three-year period.  But it expects to hire 440 workers in the first three years, according to McGuire.

The jobs are expected to pay between $40,000 and $42,000 per year.

McGuire said he expects to hear if the company will locate in northeast Arkansas in a few days, and explained that the "lure" money would come from the county's half-cent sales tax earmarked for economic development.

The unemployment rate for Mississippi County in January was 8.6 percent, up from 8 percent for the same month in 2007.

 

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