The new plant will primarily manufacture centerfire ammunition, Fiocchi President Anthony Acitelli said. “These are good-paying jobs that will make a difference in our community, and most importantly, I hope that this is a partnership that will lead to future growth down the road," Gov. Asa Hutchinson said at a news conference announcing the plant.
The Arkansas Economic Development Commission said the company will receive five years of cash rebates worth $579,186, based on the annual payroll for new employees. It will also receive $82,407 worth of tax refunds for the project.