- Associated Press - Wednesday, December 2, 2015

TEXARKANA, Ark. (AP) - The Texarkana Board of Directors has approved a resolution certifying FedEx to participate in Arkansas’ Tax Back Program, which may help bring a distribution center to the city and create about 60 jobs.

The Texarkana Gazette (https://bit.ly/1Swu9R8 ) reports the board unanimously passed the resolution Tuesday. The proposed 130,000-square-foot center would be a $12 million to $15 million investment in Maxwell Industrial Park, which is adjacent to the Texarkana Regional Airport.

Don Ruggles, chairman of the airport authority, says if FedEx wants to consider having an aircraft presence, the airport could provide the entryway once a new terminal is built. Mayor Ruth Penney-Bell says it is too early in the process for that discussion.

The Tax Back Program provides a refund of sales and use taxes on purchases of building materials and taxable machinery and equipment associated with the approved project for targeted businesses.

Penney-Bell says the proposal has been in the works for about a year and a half.

“This was all hush-hush until he could work on this and see it to fruition. It has been at least 15 years since there has been anything out at Maxwell Park, and that has been too long. This will bring good jobs, and we will see a considerable boost in our economy” Penney-Bell said.

City Manager Dr. Kenny Haskin says the next step is to go to Miller County Quorum Court and ask for a sales and use tax refund for FedEx within Miller County.


Information from: Texarkana Gazette, https://www.texarkanagazette.com

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