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$1.1B Steel Plant for Arkansas

Construction Knowledge

Mississippi County is providing $12 million from a half-cent, industrial development sales tax to be used on infrastructure needs including gas and sewer lines and purchasing the land. ENR reported today that Big River Steel, LLC plans to build a $1.1B US plant that will convert scrap steel to new steel.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. For a list of state economic development agencies, click this link.

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Industry Focus: Food Processing – The Process Of Consistency

Business Facilities

Indiana is a “Right to Work” state and, in recent years, has enacted constitutional property tax caps and reduced the state’s corporate income tax. ARKANSAS IS A NATURAL FOR FOOD PROCESSING BUSINESS. In Arkansas, leaders will find: 1,000 miles of navigable waterways. Arkansas has the tools that help businesses succeed.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

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