Tyson awarded incentives to build new plant in Arkansas
Company granted tax abatement, 10-year revenue bonds as it plans a new cooked poultry plant in Green Forest, Arkansas
Tyson Foods has been offered financial incentives to build a new cooked poultry plant in Green Forest, Arkansas.
The company proposed the idea for the new plant to the Carroll County Quorum Court (CCQC) on April 13, in which it would construct a plant measuring more than 200,000 square feet across the street from Tyson Foods’ existing plant in Green Forest. Under the company’s plans, the two facilities would be connected by a corridor.
However, Tyson Foods stated that the construction of a new plant would be contingent upon approval of certain tax abatements from the county and use tax credits from the Arkansas Economic Development Commission (AEDC).
According to an Associated Press report in the Miami Herald, CCQC unanimously voted to advise County Judge Sam Barr to grant a 10-year tax abatement and authorize 10-year revenue bonds for the project. Barr approved both.
According to plans initially announced by Tyson Foods, construction of the new plant could begin as soon as the summer of 2016 and the project work could conclude in 2017.
Noel White, president of poultry for Tyson Foods, in announcing the plans for the new plant, said the project would allow the company to better serve its foodservice customers through improved product mix and greater efficiencies.