Little Rock, AR – Arkansas Gov. Asa Hutchinson says a Chinese manufacturer that makes apparel under the Adidas, Reebok and Armani brands will open a factory in Arkansas, creating 400 jobs.
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Hutchinson said Thursday that the state has signed a memorandum of understanding with Suzhou Tianyuan Garments Company. The governor is on a trade mission in China and he spoke to reporters via Skype.
Hutchinson says the manufacturer will invest $20 million in its Arkansas location, which will most likely be in Little Rock. He says the jobs will pay an average wage of $14 per hour.
The state’s deal with the company calls for 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.