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.

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