Regional Economic Development Inc. has asked Texarkana, Arkansas, and Miller County to buy land so that it can recruit a heavy industrial user, ideally an automobile manufacturer, according to REDI Executive Director Rob Sitterley.
The city has already agreed to contribute at least $230,000 annually for the next five years to buy land for a plant. The county’s Quorum Court will, at a meeting on Monday, mull contributing $1.25 million over five years per the recommendation of its budget and finance Committee.
Sitterley told Arkansas Business this is a “super, super early” step in the process, but his organization feels “real bullish on the wonderful assets we have to sell here, from our schools, higher ed, our colleges, our community colleges, our universities, our K-12 to our infrastructure: road, rail and air. We’ve got some really incredible things here to promote. The last piece being we need a property.”