Economic news -- UPDATE | Arkansas Blog

Monday, June 11, 2007

Economic news -- UPDATE

Posted By on Mon, Jun 11, 2007 at 3:38 PM

Gov. Mike Beebe's office announces that he and Dassault Falcon officials will make an announcement Tuesday at 10:00 a.m. "regarding the company’s future in Little Rock.  Arkansas Economic Development Commission and Little Rock city officials will also be on hand."

Presumably, you wouldn't bring in the AEDC to announce a loss of jobs. Perhaps we're about to see the first unlimbering of the $200 million corporate incentives pool created in 2004. Or perhaps Dassault is so happy with Little Rock already that it's just doing a major expansion here on its own, without any taxpayer assistance.

Officials have been touting some coming major economic announcements in recent days. And AEDC people have been talking about the size of the existing aircraft modification market in Arkansas. If I heard it right on the radio, it's the biggest private economic component in the state after agriculture. When a shell plane gets outfitted here, it takes the value way up.

UPDATE: Talk Business reports the announcement will be a $30 million expansion that should bring 200 more jobs.

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