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VOL. 129 | NO. 171 | Wednesday, September 03, 2014

Jet Maker Breaks Ground on Arkansas Expansion

AP

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LITTLE ROCK, Ark. (AP) – Dassault Falcon Jet has officially begun work on a $60 million expansion of its private jet finishing plant at Little Rock's airport.

The factory has about 2,000 employees, and expansion of the completion center ensures that 400 of those positions will stay in Arkansas.

The company broke ground Tuesday on the expansion, which is set to be complete in early 2016. It will add 250,000 square feet to Dassault's site and bring the plant's total area to 1.25 million square feet.

Gov. Mike Beebe says Dassault's facility brings international attention to Arkansas' aerospace sector.

Dassault qualified for a state economic incentive because the 400 jobs were at stake. That rebate is equivalent to 3.9 percent of payroll for 10 years for those workers.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 391 11,120
MORTGAGES 88 481 13,903
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 198 969 24,034
BANKRUPTCIES 54 288 8,432
BUSINESS LICENSES 29 126 3,771
UTILITY CONNECTIONS 67 536 13,457
MARRIAGE LICENSES 17 103 3,031

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