InnovAsian/Nichirei Jonesboro Facility Industrial Development Revenue Bonds
Jonesboro
Description
The committee recommended a bond ordinance enabling up to $180 million in conduit industrial revenue bonds for a new food processing facility, paired with a PILOT tax abatement at 35% of normal property taxes. A public hearing is set for May 19 before the council's final vote.
Impact summary
Brings a major industrial investment of up to $180 million and a 175,000-square-foot facility to Jonesboro, though the tax abatement limits the property tax revenue it will generate.
Applicant
- Name
- Nichirei / InnovAsian (via Mitchell Williams Law Firm, Michele Allgood)
At a glance
- Hearings
- 1
- Public comments
- 1
- Total mentions
- 1
Recorded in the meeting · City Council
Last discussed May 12, 2026.
Meeting timeline (1)
Related issues (1)
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