After Friday’s news that Georgia-Pacific would "indefinitely suspend" several operations in Crossett laying off 700 workers by Nov. 7, federal officials announced a grant that could help restore some economic activity to the region.
U.S. Rep. Mike Ross (D) and U.S. Senators Mark Pryor (D) and John Boozman (R) today announced the city of Crossett will receive a $1 million grant for infrastructure improvements to Crossett Industrial Park, including a rail spur, loop road and water and waste water, to help accommodate new businesses.
The U.S. Department of Commerce’s Economic Development Administration (EDA), which provided the grant, estimates the investment will help create 133 jobs, retain three jobs and help leverage $8.1 million in private investments.
“This investment will help Crossett and Ashley County grow, attract new industry and create new jobs at a time when they are badly needed,” said Ross. “The people of Crossett and its leaders are hardworking, dedicated people and I’m proud to announce this grant to help them in their economic development efforts. This investment and the ongoing improvements at Crossett Industrial Park help send a strong message that Crossett is open for business and ready to get to work.”
While Crossett is reeling from the pending Georgia-Pacific layoffs tied to a sawmill and plywood manufacturing plant, it is the recipient of nearly $250 million in new investment from the company. Last October, G-P officials announced the investment in a paper products factory in Crossett. It was a move that only created 40 new jobs, but preserved up to 1,300.