A Chinese manufacturer that makes apparel under the Adidas, Reebok and Armani brands made headlines this week when Arkansas Gov. Asa Hutchinson announced that Suzhou Tianyuan Garments Company, which manufactures about 10 million articles of clothing annually, roughly 90 percent of which are for German sportswear giant adidas, will open a factory in Arkansas, creating 400 jobs.
According to the AP, "The Tianyuan agreement is the second major deal for Arkansas involving a Chinese company during Hutchinson's term as governor. Earlier this year, Sun Paper announced it would build a $1 billion pulp mill in Arkadelphia and create 250 jobs."
As part of the state of Arkansas' deal with Tianyuan Garments, the state will pony up a $1 million infrastructure assistance grant, $500,000 for training and an estimated $1.6 million in rebates based on the company's annual payroll. It also calls for a 65 percent abatement on property tax and the state's assistance to obtain 20 work visas.
"This deal with Tianyuan shows the continued momentum we have with companies looking to invest in Arkansas," said Mike Preston, executive director of the Arkansas Economic Development Commission, told the AP.