Osceola, Arkansas — Officials will break ground Monday on a $1.3 billion steel mill that's promised to be an economic boon for northeast Arkansas.
A groundbreaking ceremony is set for 10 a.m. Monday near Osceola, where the Big River Steel mill is being built. The project is expected to bring about 2,000 temporary construction jobs and about 500 full-time jobs once the mill is up and running.
Construction is expected to take about two years.
The mill is the only project that has received state financing under a constitutional amendment approved by voters in 2004 that allows the Legislature to borrow money for economic development. The state is providing $125 million in financing for the mill.
A lawsuit that aims to block the company from building the mill is pending in federal court.