Corporate welfare helps reopen sawmill in Glenwood | Arkansas Blog

Wednesday, June 22, 2016

Corporate welfare helps reopen sawmill in Glenwood

Posted By on Wed, Jun 22, 2016 at 3:07 PM

State officials announced today that a private investment group, Caddo River Forest Products, would reopen a sawmill in Glenwood and hopes to hire 136.

The deal includes, among other incentives, a federal grant of $817,000 to the city of Glenwood to make road and water improvements for the mill. The state approved a water discharge permit for the mill months ago. When the reopening was first announced, the state said it was kicking in another $339,000 to the reopening of the mill. Other incentives put the corporate welfare package around $3 million.

David Henderson of Longview, Texas, is the leader of the the corporation making what is said to be a $50 million investment in the plant. He heads other timber industry investment projects around the country.

Georgia-Pacific opened the mill in the 1970s.  It closed in about 2008.

Tags: , ,


Sign up for the Daily Update email
Favorite

Comments (5)

Showing 1-5 of 5

Add a comment

 
Subscribe to this thread:
Showing 1-5 of 5

Add a comment

More by Max Brantley

  • Arming teachers: An insurance complication

    Gun lovers in the Arkansas legislature are spoiling to put more guns in classrooms at the earliest opportunity. Today, the Washington Post reports a complication — from insurance companies.
    • May 27, 2018
  • Razorbacks plan a return to real grass in 2019

    I don't know why the news of a return to real grass at Razorback stadium seemed like such good news to me. Old fogey, I guess.
    • May 27, 2018
  • Crowds increase at RiverFest day 2

    Crowds grew on day two of RiverFest, the privately re-imagined version of the old Memorial Day weekend Little Rock music festival.
    • May 27, 2018
  • More »

Readers also liked…

  • 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
  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017
  • Campus gun bill clears committee

    The so-called compromise amendment that will allow anyone 25 or older with a training certificate carry a concealed weapon on public college campuses was approved in a Senate committee this afternoon.
    • Feb 21, 2017

Most Recent Comments

Slideshows

 

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