A federal grant of $2.5 million to the city of Jonesboro, Arkansas will result in an expansion of rail storage for industrial park manufacturers and create 100 new jobs and keep 400 others.
The Commerce Department grant will help expand the rail storage for industrial park manufacturers according to KAIT News.
Anthony Foti, Assistant Secretary for Legislative and Intergovernmental Affairs for the U.S. Department of Commerce, made the announcement.
Craighead County Judge Marvin Day and U.S. Representative Rick Crawford were at the grant’s presentation.
The money will be used to create four dead-end tracks in Craighead Technology Park to create space for 120 additional rail cars.
The expansion of rail storage will help Jonesboro attract new company investment, as well as support existing companies such as Nestle and Butterball.
The expansion project is a part of the city of Jonesboro’s long-term master rail plan.
Source: KAIT News