If approved, the project would create, over time, almost 600 jobs while securing more than 1,100 jobs for the life of the project. An official call for the special session set for May 26 will go out later this month.
“Job creation and economic development is the No. 1 priority for my administration, and we have a great opportunity here to create hundreds of new, good-paying jobs in Arkansas — and retain hundreds more,” Hutchinson said. “If approved by the legislature, this project would not only create hundreds of jobs, but it would also put Arkansas on the map in terms of vehicle assembly and the potential for a major defense contract. Of course, any obligation to the state will be conditioned upon an actual award from the United States Army.”
Approved by voters in 2004, Amendment 82 allows the state to issue bonds to finance infrastructure and other needs in order to attract major projects to the state of Arkansas.