Another gun company moving south. It must be the weather
On Tuesday (April 23), Gov. Asa Hutchinson and local economic leaders announced in a state capitol press conference that CZ-USA, a Czechoslovakia-based gun manufacturer would locate its North American headquarters in the Little Rock Port Authority. The $90 million facility will manufacture, warehouse and distribute the company’s high-end, precision firearms, while employing up to 565 workers over the next six years.
Construction will begin immediately, with the initial start-up planned for March 2020. Production at the Little Rock facility will commence in two, three-year phases.
Arkansas won out over several states, according to Arkansas Economic Development Commission Director Mike Preston, in part due to the central location for U.S. distribution and workforce opportunities. Incentives provided by thestate include a forgivable loan, the Governor’s Quick Action Closing Fund, and several sales tax and construction tax breaks. Workforce training funds will also be made available to the company. A complete dollar amount was not available at the press conference.
CZ-USA, the U.S.-based affiliate of Czech firearms manufacturer Česká zbrojovka a.s. Uherský Brod (CZUB), will locate the headquarters on 73 acres at the Port of Little Rock.
“As CZ looked to increase our presence in North America, it engaged in a multi-state search for the ideal location,” said Bogdan Heczko, CZ-USA chairman of the board. “The Arkansas workforce, culture, business climate and industry support cleared the way for us to choose Little Rock as our new home.”
https://talkbusiness.net/2019/04/cz-usa-to-locate-90-million-facility-565-jobs-in-little-rock-port/