Subscribe Register Login

Monday, September 01, 2014, 11:47 p.m.
Top Picks - Mobile App

Beebe to discuss steel mill with House

By The Associated Press

This article was originally published February 6, 2013 at 7:24 a.m. Updated February 6, 2013 at 11:11 a.m.

— Gov. Mike Beebe and state economic development officials are scheduled to answer questions from the state House about a $1.1 billion steel mill that Big River Steel says it wants to build in northeast Arkansas.

Beebe is to speak at a special meeting of the House on Wednesday to discuss his proposal to issue $125 million in state-backed bonds to land the project. Taxpayers would repay most of that money and the company would be on the hook for $50 million.

Beebe and economic development officials briefed the Senate earlier this week and said they are confident the mill would be a good investment for Arkansas.

Lawmakers will have 20 days to decide on whether to approve the financing. The 20-day timeline starts when Beebe submits a formal proposal.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: Beebe to discuss steel mill with House

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Development director

    University of Arkansas at Little Rock klre/kuarualr Public R...
    LITTLE ROCK, AR

  • Full-time field sales rep

    company expansion The Arkansas Democrat Gazette Circulation ...
    Little Rock, AR

  • Dietary aides

    Brighton ridge attention Brighton Ridge of Eureka Springs is...
    EUREKA SPRINGS, AR

  • Admissions rep.

    admissions representativesif you are interested in changing ...
    LITTLE ROCK, AR

  • Debone techs

    earn egg-cellent pay Along with an excellent compensation pa...
    SILOAM SPRINGS, AR

Search 914 jobs >

Top Picks - Mobile App
Arkansas Online