MBJ ANALYSIS: Businessman promising $1.1 billion steel plant in Arkansas has failed to deliver on big projects announced in Mississippi

developmentJohn D. Correnti, the businessman Arkansas is counting on to deliver “the largest economic development project in the state’s history,” a proposed $1.1 billion steel mill in Mississippi County in northeast Arkansas, has recently failed to deliver on promises for big projects in Mississippi.

Tuesday Arkansas Gov. Mike Beebe announced that Correnti’s Big River Steel LLC, Blytheville, plans to build a steel mill near Osceola that would employ 525 people. Bebee plans to ask the legislature for $125 million in incentives for the project, with $50 million for a loan and the rest a gift.

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