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Article: Pine bluff industry continues to expand, create jobs. (Pine Bluff, Arkansas)(Focus on Cities and Regions of Arkansas: Pine Bluff)
- Article from:
- Arkansas Business
- Article date:
- December 8, 1997
- Author:
CopyrightCOPYRIGHT 1997 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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New industry is always good for a community, but growth is equally important to the health of local economy.
"A company is only new to the community once," said Derrill Pierce, chief executive officer for the Economic Development Alliance of Jefferson County. "After that, it's either moving forward or backward."
Pine Bluff industry is definitely moving forward, he added, with capital investment dollars expended by new industry during the past 10 years totaling $125 million.
Existing companies in that same period poured $1 billion into the local economy. In 1996 alone, 27 companies reported a combined total of nearly $80 million in new capital ...