InnovAsian industrial facility bond financing
Jonesboro
Description
An ordinance to issue up to $180 million in industrial revenue bonds letting the company self-finance a ~175,000 sq ft food processing plant, with a 30-year, 65% property tax abatement. Recommended to council; a public hearing is set for May 19 before final adoption.
Impact summary
Brings a major employer and up to $180 million of investment to Jonesboro, but the Nettleton School District and other taxing units will collect only 35% of the property taxes on it for 30 years.
Applicant
- Name
- InnovAsian Cuisine Enterprises (Nichirei Global Foods LLC affiliate)
- Address
- 2905 Quality Way, Jonesboro, AR (Craighead Technology Park)See this on the map
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Recorded in the meeting · City Council
Last discussed May 12, 2026.
Meeting timeline (1)
Related issues (1)
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