Tagged: big river steel

Big River Steel CEO John Correnti Hopes for Fall Groundbreaking

by Associated Press 3/20/2013 9:39 am

The developer behind a planned $1.1 billion steel mill in northeast Arkansas says he hopes to break ground on the project this fall if everything goes as planned. The Legislature, which must approve an incentive package for the deal, is expected to discuss the financing next week.

Tax Cuts, Voter ID, Big River Steel on 'Arkansas Week'

by Lance Turner 3/18/2013 7:27 am

On "Arkansas Week," those $2 billion worth of looming tax cut bills Republicans are starting to run in the Legislature, more on the non-expansion expansion of Medicaid, voter ID, a bit on Big River Steel and battling budgets in Washington D.C.

Legislative Roundup: Lawmakers Set to Move Ahead With Steel Mill

by Mark Carter 3/15/2013 9:44 am

Arkansas lawmakers this week received reports from two consultants hired by the state to study the economic impact of the proposed $1 billion Big River Steel project in Mississippi County.

Mississippi County Panel Approves $14.5M for Big River Steel

by Associated Press 3/6/2013 8:46 am

The Mississippi County Planning and Development Committee has signed off on $14.5 million in funding for the proposed $1.1 billion Big River Steel mill to be built near Osceola.

Legislative Consultant to Vet Big River Steel Project

by Chuck Bartels, The Associated Press 2/24/2013 5:12 pm

The clock is running as legislators seek information about a $1.1 billion steel plant proposed for Osceola. As of Monday, the House and the Senate have 18 working days to look into whether it would be right for the state to $125 million to help finance the project.

AEDC Submits Big River Steel Package to Carter, Lamoureux

by Mark Carter 2/21/2013 12:54 pm

The Arkansas Economic Development Commission delivered to House and Senate leaders the letter of commitment signed by Big River Steel and the state.

AEDC Aims to Submit Big River Steel Package on Thursday

by Lance Turner and Mark Carter 2/19/2013 9:10 am

The Arkansas Economic Development Commission expects to submit its $125 million incentive package for the Big River Steel mill project to the Arkansas Legislature on Thursday, an AEDC spokesman said on Monday.

Arkansas Black Caucus Concerned About Hiring Plans for Big River Steel

by Michael Stratford, The Associated Press 2/11/2013 1:43 pm

Members of the Arkansas Legislative Black Caucus say they're concerned that the governor's proposal to provide millions of dollars in state funding to help bring a large steel mill to the state doesn't include a requirement that the company hire African-American workers.

Proposed Big River Steel Mill Gives Community ‘Reason to Exist’

by Jan Cottingham 2/11/2013 12:00 am

It took John Correnti and Arkansas economic development officials about a year to put together the deal for a $1.1 billion “mini-mill” to be built near Osceola, a plant that would employ 525 people earning an average yearly compensation of $75,000 apiece.

Potential Rewards Big for Big River Steel Mill, But Risks Remain

by Chuck Bartels, The Associated Press 2/10/2013 5:46 pm

The planned $1.1 billion steel mill in Osceola carries the promise of a long-term economic boost for northeast Arkansas, but investors — including the state — face a number of risks.

Notes From Wednesday's House Meeting on Big River Steel

by Mark Carter 2/7/2013 10:16 am

Wednesday's Arkansas House "committee as a whole" meeting on the proposed Big River Steel project in Mississippi County took on a Groundhog Day vibe.

Notes from Today’s Senate Meeting on Big River Steel

by Lance Turner 2/4/2013 4:46 pm

The Arkansas Senate conducted a “committee of the whole” session today to quiz Gov. Mike Beebe, Arkansas Economic Development Commission Executive Director Grant Tennille, and other parties involved in the $1.1 billion Big River Steel deal.

The Economic Recovery: Are You Feeling It? (Editorial)

by Arkansas Business Editors 2/4/2013 12:00 am

The announcement on an eerily warm Tuesday of a shiny new $1.1 billion steel plant to be built at Osceola feels like recovery.

Big River Steel Superproject Alters Arkansas Session Agenda (AP Analysis)

by Andrew DeMillo, The Associated Press 2/3/2013 12:08 pm

A veiled reference to a "superproject" took up only a couple of sentences when Gov. Mike Beebe laid out his legislative agenda for 2013 last month. Now that it's been revealed as a $1.1 billion steel mill, it has altered the agenda for this year's session.

Let's Take A Close Look at That Big River Steel Incentive Package - And John Correnti

by Lance Turner 2/1/2013 3:17 pm

In addition to a hard look at the AEDC's incentive package, we'd suggest a hard look at the man at the center of the Big River Steel deal, John Correnti.

Arkansas House, Senate to Hold Meeting to Discuss Big River Steel Mill

by Associated Press 2/1/2013 11:47 am

Arkansas House Speaker Davy Carter says he'll hold a special meeting for lawmakers to hear more information about Gov. Mike Beebe's proposal to issue $125 million in state-backed bonds to help land a large steel mill in the state.

Arkansas Teacher Retirement System Plans $60M Big River Steel Investment

by Associated Press 1/30/2013 3:27 pm

Arkansas Teacher Retirement System Executive Director George Hopkins says the fund's board is planning to vote Monday on investing $60 million as the project raises startup cash. The investment represents about one-half of 1 percent of the fund's $12.25 billion in assets.

Osceola Mayor Calls Big River Steel a 'Godsend'

by Mark Carter 1/29/2013 2:57 pm

The impact of the news Tuesday that a $1 billion steel mill is coming to Osceola in Mississippi County can't be overstated.

Big River Steel Announces $1.1B Mill for Osceola, Will Employ 525

by Mark Carter and Lance Turner 1/29/2013 11:03 am

Big River Steel LLC and Gov. Mike Beebe announce for the company to build a $1.1 billion steel mill in Osceola (Mississippi County) that will directly employ 525 people with annual average compensation of $75,000 a year.