by Sarah Campbell-Miller
on Tuesday, Aug. 8, 2017 11:34 am
1 min read
Texarkana, Arkansas officials on Wednesday will tour the new Union Tank Car Co. facility, which they say will bring about 100 jobs to the city.
City Manager Kenny Haskin said the railway equipment leasing company is spending “hundreds of millions” in capital investment to ramp up production and renovate the plant located at 2801 Nash Thompson Lane.
Union Tank Car Co. of Chicago began its operations there late last year. The facility had been dormant for a decade and was previously owned by General Electric Railcar Repair Services Corp.
Haskin said the company will offer “top-end wages.” He and Mayor Ruth Penney Bell said the welders Union Tank Car needs will make about $30 an hour.
Bell said the company had already invested $19 million and this project is a “big boon” to the city.
Haskin said the project would not have been possible without help from the Arkansas Economic Development Commission, which provided a Tax Back incentive to the company. The incentive provides sales tax refunds on building materials, taxable machinery and equipment associated with the project.
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