ROGERS, Ark. (AP) — A $10 million plastics recycling plant announced Wednesday in Rogers will bring up to 350 jobs as the plant converts post-consumer plastics into resin for new products, officials said.
NextLife Asset Recovery Services said it will open a headquarters as well as use an existing building for the factory.
The company said it first will collect and sort discarded plastic, then it will start production lines to convert the plastic into resin. A third phase will be to establish joint ventures with manufacturers of plastic goods.
"We are thrilled to be opening our third location and our second processing facility," said Ron Whaley, president and CEO of NextLife. "We are excited to bring green jobs to Arkansas. I want to thank both the state and local officials who have made this day a reality."
Gov. Mike Beebe, who kicked in $500,000 from his Quick Action Closing Fund to help NextLife buy equipment, said the company is drawing on Arkansas' strong history as a home to manufacturing.
"By locating these jobs to northwest Arkansas, NextLife is the latest company to send notice that this emerging field holds great promise for creating American jobs," Beebe said.
The company is getting other state incentives, including a sales tax refund for purchases of building materials, and taxable machinery and an income tax credit based on payroll of new jobs.
NextLife Asset Recovery Services is a subsidiary of NextLife Enterprises, LLC, headquartered in Boca Raton, Fla.
