Miss. Co. court approves steel mill incentives - KATV - Breaking News, Weather and Razorback Sports

Miss. Co. court approves steel mill incentives

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BLYTHEVILLE, Ark. (AP) - The Mississippi County Quorum Court has approved $14.5 million in local incentives to bring a $1.1 billion steel mill to the county.

The plan approved this week is contingent on the Legislature approving a $125 million financing package for Big River Steel to build the mill near Osceola.

Representatives from Nucor Steel, which has its own steel mill in Mississippi County, spoke against the incentive plan.

The Blytheville Courier News reports (http://is.gd/TJDN7i ) that Big River Steel CEO John Correnti told the quorum court that he'd considered building the plant in Mississippi but opted for Osceola instead.

Correnti says Big River Steel will put its corporate headquarters in Osceola, and executives will live in northeast Arkansas. He promised to be "a good corporate citizen."

 

Information from: Blytheville Courier News, http://www.couriernews.net

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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