Trex announced today that the company will build a factory in the Port of Little Rock. The plant will ultimately employ more than 500 people. The total investment will be nearly $400 million.
The Little Rock Port Authority Board of Directors met this morning via Zoom in a specially called meeting to approve a resolution authorizing Executive Director Bryan Day to negotiate terms on land and rail use by the company. The Port will convey 290 acres to Trex to build out their facility. The company must meet certain benchmarks regarding construction timeline, total employment and the usage of rail cars.
“This is a great day to be a member of the Little Rock Port Authority Board of Directors,” said Joe Bailey, chair of the Little Rock Port Authority Board of Directors. Bailey continued, “We are proud of the partnerships the Port has built with Governor Hutchinson, the Arkansas Economic Development Commission, Little Rock Regional Chamber of Commerce, Pulaski County Judge Barry Hyde, and most importantly the City of Little Rock. Together, we have created an opportunity for economic growth in our community.”
This deal was made possible by the Port’s land acquisition due to ongoing investment by the City of Little Rock. The Port purchased the land and is now able to use it for economic development projects. The company has guaranteed a minimum number of rail cars which will help the Port’s ongoing budget for the next two decades. Additional funds from the State of Arkansas and Pulaski County will add new road and railway infrastructure to the area.
“Today marks the culmination of the vision of Little Rock residents to expand our Port to expand job opportunities in central Arkansas,” said Bryan Day, executive director of the Little Rock Port Authority. “Strategic investment and creative partnerships continue to be a recipe for success. We are thrilled to welcome Trex to Little Rock and appreciate their investment and commitment.”