The Mississippi County Planning and Development Committee again discussed incentives for two industries at the Tuesday afternoon meeting located at the county's Annex Building.
Michael White, the chair of the committee was presiding.
Clif Chitwood, president of Mississippi County Economic Development, addressed the committee requesting tax back resolutions for two companies that are planning for expansions within Mississippi County. The companies are Atlas Tube in Blytheville and Hybar in Osceola.
This was not the first request by Chitwood, as he had made a similar request at the Planning and Development meeting in July.
During the July meeting, the committee voted to move the tax back resolution for both businesses to the full court.
Chitwood said the Great River Economic Development Board had discussed and requested a $900,000 incentive for Atlas for new jobs created when the project is finalized. During the meeting on Tuesday, Chitwood requested an additional$100,000 to be added to the July amount, requesting a total of $1 million dollars for the Atlas company.
The committee voted in favor of moving the $1 million incentive for Atlas to the full court. The only justice voting against the tax back incentive was JP Neil Burge (District 3, Blytheville) who said he voted against the recommendation due to personal reasons.
Chitwood also requested a$500,000 tax back incentive for the Hybar facility in Osceola.
"The one thing about these companies is that both are run by individuals rather than by larger corporations," Chitwood told committee members.
The $500,000 incentive to Hybar was approved by the Planning and Development Committee to move towards the Quorum Court session for August.
Chitwood said the tax back resolutions allow companies to get the county portion of the sales tax for building materials for the construction. He said that both of these companies have made and continue to make solid investments in the county.
Judge John Nelson announced the findings of a revenue report for all counties within the state of Arkansas - which included 75 counties.
"Mississippi County was placed sixth out of 75 counties," he said. "With 29% of that revenue coming from industrial development."