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Saturday, December 20, 2014, 5:48 p.m.
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Nordex building in Jonesboro to be sold

By The Associated Press

This article was published June 4, 2014 at 1:40 p.m.

JONESBORO — A closed factory that once had the promise of employing more than 700 people in Jonesboro is to be sold.

Officials won't identify the buyer of the Nordex USA site, which made wind turbines until it shuttered last year. The sale of the $40 million plant is to become official Thursday.

Nordex attorney Anne S. Parker of Little Rock told The Jonesboro Sun that she isn't allowed to discuss the buyer.

Jonesboro Mayor Harold Perrin said he was told a large, publicly traded company wants to buy the site but says he wasn't told the name.

Nordex officials complained that a lack of a federal wind energy tax credit stifled its business and forced the closure.

The company pledged to repay $2.5 in state incentives for not meeting hiring targets.

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RBBrittain says... June 6, 2014 at 12:22 p.m.

"The company pledged to repay $2.5 in state incentives for not meeting hiring targets." Well, it oughta be easy to recoup $2.50 out of $40 million... :p

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