Big River Steel breaks ground for Osceola mill | Arkansas Blog

Monday, September 22, 2014

Big River Steel breaks ground for Osceola mill

Posted By on Mon, Sep 22, 2014 at 11:37 AM

The state trumpeted today the groundbreaking for Big River Steel's $1.3 billion mill and recycling plant in Osceola. It's heavily subsidized by county and state governments, with direct support, tax credits and a huge equity investment in teacher retirement money.

The mill is expected to employ 500 people when completed in 20 months. The plant was bitterly opposed by Nucor Steel, already in operation in Mississippi County and formerly run by Big River's CEO, John Correnti.

Big River is a "flex mill," that will produce a range of products — light-weight steel used in autos, wide and thick steel used in pipes and electrical steel.

Gov. Mike Beebe, who championed the project, said it was the largest single business investment in Arkansas. The legislature authorized $125 million in bonds to help the project.

Tags: , ,


Sign up for the Daily Update email
Favorite

Comments (2)

Showing 1-2 of 2

Add a comment

 
Subscribe to this thread:
Showing 1-2 of 2

Add a comment

More by Max Brantley

  • Now, the main event

    I write Tuesday morning, before polls close on primary and judicial election contests.
    • May 24, 2018
  • 16 sheriffs endorse Asa Hutchinson

    Gov. Asa Hutchinson had a campaign event todasy to announce an endorsement by 16 of the state's 75 sheriffs, including retiring Sheriff Doc Holladay of Pulaski County (a Democrat).
    • May 23, 2018
  • The line is open

    Here's the open line today. Lots of news today. Check it out on the daily video.
    • May 23, 2018
  • More »

Readers also liked…

  • Donald Trump declares war on Hillary Clinton's marriage

    Donald Trump gave a remarkable interview to the New York Times yesterday in which he declared open season on the marriage of Bill and Hillary Clinton and Bill Clinton's past infidelity. Seems like a loser, but I've been wrong before.
    • Oct 1, 2016
  • Arkansas legislature rejects bipartisan effort to study race relations

    On Friday, the Arkansas Legislative Council soundly rejected a bipartisan effort by two senators to to create a temporary legislative subcommittee to study race relations in the state.
    • Sep 15, 2017
  • The inspiring Hillary Clinton

    Hillary Clinton's campaign for president illustrates again the double standard applied to women. Some writers get it. They even find the supposedly unlikable Clinton inspiring.
    • Oct 16, 2016

Most Viewed

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation