Bonds, tax incentives aim to boost economy, aid Simmons Foods
Wednesday, February 28, 2018
BENTONVILLE -- The Quorum Court may issue industrial revenue bonds to give Simmons Foods some property tax relief on a planned processing plant near Gentry. Simmons Foods plans to build a 400,000-square-foot poultry processing facility at 9802 S. Arkansas 59, according to information submitted to Benton County. The building site would take up about 100 acres. The Quorum Court did the first of three required readings of the ordinance authorizing the bonds Thursday. The county will hold a public hearing before its March 27 meeting when the second reading is scheduled. The third and final reading is set for the April 26 meeting. The law allowing the bonds was enacted in 1960 and is commonly used across the state, according to economic development officials in Little Rock.