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's June newsletter highlights the strong momentum Chaffee Crossing is experiencing in spite of current economic challenges, data from our 2019 Annual Report, and exciting stories about new developers, new projects, and community events. Summer 2020 is off to a bright start!
Arkansas College for Health Education (ACHE) will begin accepting applications for its school of physical therapy July 1. The three-year program will focus on hands-on, clinical experience with students graduating with a doctor of physical therapy (DPT) degree.
FCRA sadly acknowledges the passing of our former executive director, Ivy Owen, on Friday, June 5, 2020.