The Fort Smith Board of Directors unanimously approved an ordinance authorizing the issuance of up to $110 million in industrial development revenue bonds for the purpose of providing financing for industrial facilities on behalf Mars Petcare US Inc.
This is an economic development incentive allowed by the state. The city issued an ordinance concerning the tax back program for the project in March 2017. The ordinance will allow the company to pay 50% of the normal property tax over a period of 10 years, he said.
FCRA executive director and CEO, Daniel Mann contributed a guest editorial for the May 20 digital edition of The Fort Report. He shares a lot of good news about good things happening in Chaffee Crossing.
USA TODAY reported this week on the WalletHub study that looked at more than 180 cities and took into account 15 metrics for each in two categories: recreation; and rest and relaxation. The amenities developed in Chaffee Crossing are some of the reasons Fort Smith, Arkansas, was chosen as the #6 best place for a "staycation" during the summer of 2020 pandemic.
The Arkansas Colleges of Health Education (ACHE) graduated its inaugural Master of Science in Biomedicine (MSB) class in a virtual ceremony on Saturday. ACHE is located in Fort Smith’s Chaffee Crossing.