Specifically, plans to build a new plant for Redman & Associates, a manufacturer of ride on toys. Walmart says Redman will open a new manufacturing and distribution facility.
In the press conference, the Bentonville-based toy manufacturer says they will invest $6.5 million in the facility, creating 74 positions with an average rate of pay of $18.55 an hour.
Mel Redman, Redman and Associates CEO, said this is the only place he wants to set up shop.
"Being an Arkansas born and raised boy who has worked all over the world, there is just no place like doing this in the state of Arkansas," he said. "If we can put people back to work, just keep in mind this number, at $18.55 an hour on average, that's $3 million dollars in wages that comes right back in to this economy."
With a pay rate of more than double of Arkansas minimum wage, Governor Mike Beebe hopes the plant will make an impact on the NWA economy.
"There's a ripple effect because not only is that helpful for those specific jobs, but that money turns over so many times throughout the course of the economy," said Beebe.
The factory will produce 6-volt battery powered ride on toys featuring characters from popular Disney and Marvel franchises including: Disney Princess, Classics, Disney∙Pixar and Spider-Man. The plant will go into an existing 275,000 square foot building, located at 1300 North Dixieland Road in Rogers. The factory will produce 6-volt battery powered ride on toys featuring characters from popular Disney and Marvel franchises including: Disney Princess, Classics, Disney∙Pixar and Spider-Man. Production should begin in early 2014.
"We celebrate Walmart for their patriotism, for their courage" said Governor Beebe, speaking at the event. "While I'm all in for manufacturing for America, I'm all in for manufacturing in Arkansas."
Mayor Hines noted that the job creation will help Nortwest Arkansas and the Natural State as a whole.
The plant is part of Walmart's $50 billion commitment over next 10 years to buy American goods being discussed in Rogers.
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