Nordex to repay $2.5M to Arkansas after layoffs
LITTLE ROCK (AP) - Nordex USA Inc. is repaying more than $2.5 million it received in incentives after announcing it would halt production on its wind turbine plant in Jonesboro and lay off 40 workers.
The Arkansas Economic Development Commission announced Friday that the company would repay $2.31 million to the state and $204,814 to Jonesboro that it had received for the wind turbine plant. The company had received $3.91 million from an incentive fund for the project.
Nordex announced in June that it would cease production at the plant, which had been expected to eventually employ more than 700 people. Nordex said it was consolidating its manufacturing in Germany and maintaining the Jonesboro location as its American base for service, warehousing and for training staff and customers.CONTINUING COVERAGE
Wind turbine plant starts production (October 2010)
Nordex receives first order for turbines from Jonesboro plant (December 2010)
Jonesboro's Nordex plant secures turbine contract (February 2012)
Arkansas wind turbine plant to stop production (June 28)
3 companies repaying incentives to Arkansas fund (August 26)