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Packaging Specialties seeks $24 million expansion; city to certify tax-back participation
Summary
City staff told the council Packaging Specialties plans a $24 million expansion in Fayetteville and requested certification for the state’s tax-back program; the company pledged 101 new jobs over five years at wages above $25 an hour, and council members had no objections during the agenda session.
City staff presented a request to certify Packaging Specialties Incorporated for the Arkansas Economic Development Commission’s tax-back program, saying the company plans a $24,000,000 expansion in Fayetteville that would create 101 new jobs over five years at wages “over $25 an hour.” Devin Howland, speaking for staff, described the tax-back program as a performance-based…
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