Another major announcement at Port of Little Rock

[Aporkalypse]

Today at 10 AM Gov Beebe is announcing another major international company that has purchased a 150-200 acre site at the port and this presumably will be another large manufacturer. Reportedly it's a large international company not known in Arkansas.

This per Arkansas Business.

[EJC]

Today at 10 AM Gov Beebe is announcing another major international company that has purchased a 150-200 acre site at the port and this presumably will be another large manufacturer. Reportedly it's a large international company not known in Arkansas.

This per Arkansas Business.

[arkansas_buff]

This is fantastic. The port is really taking off. And 750 acres??? That's huge!

[EJC]

Intersting that all these pipe makers are based in Mumbai....and now LR. We're sister cities now

[skirby]

One of the interesting points of the announcement is that Man Industries will locate their North and South American headquarters at the port. Man has a $225 million contract to provide pipe to Kinder Morgan, which also runs the public terminal at the Pine Bluff Port. Remember, LM Glasfiber is also locating their North American headquarters at the port.

[johnnydr87]

Great news!

Wow, that port is really taking off. I'm impressed.

EJC, I suppose you're right about the sister cities thing.

[Aporkalypse]

Intersting that all these pipe makers are based in Mumbai....and now LR. We're sister cities now

[turboturtle]

I bet we see more businesses catering to Indians. Right now there are two restaurants and a grocery, I bet this helps develop the niche even further.

[Aporkalypse]

Aren't there two one next to TJ Maxx and once near CC's Pizza, both off Rodney Parham?

I love Star of India. What is the other Indian restaurant?

[turboturtle]

I thought the grocery by TJ Maxx was an Asian grocery, unless something changed.

The other Indian restaurant is Kebab and Curry, across from the Indian grocery next to Cici's. Their food is decent and a bit cheaper than Star of India and has more Southern Indian dishes but I definitely prefer Star of India for quality.

[Aporkalypse]

The one next to TJ Maxx is Indian and Pakistani. I have a friend who is very happy about the Indian grocery that open next to Cici's Pizza. She says the other store would sell expired product because there was no competition in our market. Since the new store opened, she has notice a difference.

There is also Sam's Oriental across from UALR. That is a fun place to shop from time to time.

[turboturtle]

The DOG covers the economic development growth over the past couple of years of the LR Port.

Here are some highlights.

1) $350 million in new manufacturing plants

2) 3 new international companies

3) When hiring is complete, estimated 5000 workers in the port industrial park (50% of those in LR zip codes).

4) Once the new plants are fully online, river terminal cargo handled is projected to go from 400,000 tons to 900,000 tons. Railroad car traffic is projected to go from 10,000 to 25,000 cars.

5) Impacting housing growth in the U.S. 165 corridor.

6) only about 35 acres left to attract tenants

7) Port authority makes money from barge and rail traffic and invests it back into port infrastructure.

[johnnydr87]

The DOG covers the economic development growth over the past couple of years of the LR Port.

Here are some highlights.

1) $350 million in new manufacturing plants

2) 3 new international companies

3) When hiring is complete, estimated 5000 workers in the port industrial park (50% of those in LR zip codes).

4) Once the new plants are fully online, river terminal cargo handled is projected to go from 400,000 tons to 900,000 tons. Railroad car traffic is projected to go from 10,000 to 25,000 cars.

5) Impacting housing growth in the U.S. 165 corridor.

6) only about 35 acres left to attract tenants

7) Port authority makes money from barge and rail traffic and invests it back into port infrastructure.

[theman]

Only 35 acres left? Wow....so are they going to add more acreage? Is that possible?

[Aporkalypse]

I read the article as well. It stated that money made at the port is put back into improving infrastructure at the port. In order to buy more land a bond issue will be needed.