MBJ ANALYSIS: Businessman promising $1.1 billion steel plant in Arkansas has failed to deliver on big projects announced in Mississippi
Published: January 31,2013
Tags: 38 Studios, Amory, Arkansas, Arkansas Democrat Gazette, Arkansas Teachers Retirement System, Bethlehem Steel, Birmingham Steel Corp, Boston Red Sox, Bradford Research Inc., Calisolar, Charles Bradford, Clif Chitwood, Columbus, Columbus Commercial Dispatch, Curt Schilling, economic development, George Hopkins, Good Jobs First, Greg LeRoy, Harry Sanders, John Correnti, Lowndes County, Mississippi, Mississippi Business Journal, New York, Nucor Corporation, Rhode Island, Silicor, ThyssenKrupp
John 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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- MBJ Special report: MDA numbers help with cities’ retail pitches
- COO of TL Wallace Construction keeps eye on revenue growth and profits
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- RAISING AWARENESS — Lori Newcomb, family join fight against ovarian cancer
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'
- Brandon man hauls in record 756-pound alligator