Big River Steel was the state's first ever Amendment 82 project and is the single largest private investment in the history of the state of Arkansas. To support Big River’s presence, the company invested $10 million with Arkansas Northeastern College for training programs to prepare applicants for the mill’s 425 positions with average compensation of $75,000. Since announcing their location three years ago, the mill has also helped attract to Arkansas an additional $300 million in investments and another 100 jobs from suppliers and support services of Big River.The state has a whale of a lot more sunk in Big River than the $50 million loan, now repaid.
“The early repayment of this $50 million loan is a strong indication of the financial strength of Big River Steel and reaffirms my confidence in the state's investment through Amendment 82,” said Governor Asa Hutchinson. “Not only has Big River paid off the loan early, but the company has strengthened our economy with hundreds of millions of dollars in investment.”