Unbuilt Steel Mill Biggest 2013 Arkansas Economic News

by Chuck Bartels, The Associated Press  on Monday, Dec. 30, 2013 8:46 am  

John Correnti takes the prodium during the Big River Steel announcement. (Photo by Jason Burt)

Allied Wireless, Nice-Pak of Jonesboro and Pinnacle Foods in Fayetteville have repaid a total of $215,000 after coming up short on employment targets after receiving a total of $8 million in economic incentives.

Food companies announced new plants in Clinton and Springdale.

A Vietnam-based company, Vinh Long, announced it would occupy a vacant factory in Morrilton, where it plans to spend $5 million and hire 75 workers to make home-furnishing products that will be supplied to Ikea and other retailers.

Other Vietnamese companies do business in the United States, but the announcement was notable because it marked the first time that the Vietnamese government helped broker the deal.

In December, a company that makes resins announced a $5 million expansion and addition of 50 jobs at its plant in Mountain Home. Epoxyn Products specializes in making work surfaces suitable for use in laboratory environments.

Springfield, Mo.-based Bass Pro Shops opened its first Outdoor World store in Arkansas during the fall. The sporting goods retailer settled on a site along Interstate 30 in southwest Little Rock.

The store is the anchor of a planned development that will include offices, hotels, restaurants and factory outlet stores.

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