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.
Read the full Talk Business & Politics article here (scroll to bottom of article).
Northwest Arkansas Democrat-Gazette - Arkansas' second-largest city will be the home of two brand-new permanent entertainment districts.
Chaffee Crossing is featured in the September issue of Entertainment Fort Smith magazine for the fourth year in a row. So much is happening in Chaffee Crossing that it takes a local army to tell the stories and share the good news.
The August edition of the Chaffee Crossing newsletter has arrived in inboxes all across the country. Take a couple of minutes to catch up on the latest news and progress coming out of western Arkansas' premiere economic development project. It has been a HOT summer!
Fort Chaffee Redevelopment Authority
7020 Taylor Avenue
Fort Smith, AR 72916
(479) 452-4554