The Ashley County Quorum Court adopted a resolution granting a new Crossett business a tax break opportunity.
Crossett Economic Development Director Mike Smith spoke to Justices of the Peace last week and asked them to approve the new business’s participation in a Tax Back Program.
Cynergy Cargo from Georgia is in the process of opening a manufacturing business that will bring 70 jobs to the county.
Smith said it could potentially be 100 to 149 jobs if the company does as well as projected.
He said the tax relief would not be for payroll, cars, or general office supplies, but for tools and equipment necessary to get their company off the ground.
The company will be refunded the sales tax paid on large equipment purchases and tools while they are preparing to open.
“This is not an infinite agreement; once they start manufacturing they will pay taxes like everyone else,” Smith said.
By agreeing to this, Smith said, it makes the county and Crossett more competitive when attracting business.
The JPs agreed to adopt the resolution with all present voted in its favor.
Justices Ronnie Wheeler, Jeff Langley and John Byrd were absent.
Smith said the City of Crossett was to be asked to do the same during their regular council meeting Monday.
Cynergy Cargo began its operations in Douglas, Ga., in 2012, and since then has manufactured more than 30,000 trailers.
The Crossett expansion is the company’s third line.
Cynergy’s Crossett facility is planned for the Crossett Industrial Park, though officials have said the company plans to use a temporary location in the area while they await the completion of construction.
Those the company will look to hire include carpenters, welders and electricians, among others.