By Joel Phelps
The Economic Development Corp. of Clark County will hold its regular monthly meeting at noon Tuesday, March 22, at Fairfield Inn & Suites, 258 Red Hill Road.
On the agenda is an update from Project “Innovex”. The actual name of the company has yet to be made public because of a non-disclosure agreement forbidding economic developers to release certain information.
The Arkadelphian learned in February’s EDCCC meeting that “Innovex” is a company that has developed a new technology used in fracking. “They build a charge that goes underground that is used in the oil and gas industry,” said Kevin Jester, chair of the EDCCC.
Jester called “Innovex” a “progressing” project with negotiations “continuing with intentions of [them] doing business in our county. They met [Feb. 14] and agreed to move forward with this project,” he said. He further explained that local developers have provided the company with information as well as drawing off a proposed site on the west side of U.S. Highway 67.
As of last month’s meeting, “Innovex” was in the process of a land survey on the EDCCC’s 1,000-acre Supersite. In the meantime, the City of Arkadelphia was aiding in the expansion of water and sewer utilities to connect the Supersite to the Clark County Industrial Park, located on the east side of the highway. Discussion about connecting utilities to the Supersite is also on the agenda.
Jester said he expected the Arkadelphia Alliance to bring a proposal to the EDCCC “in the near future” for an incentives package to offer “Innovex.”
Also on Tuesday’s agenda is discussion on the incentive application for businesses aiming to secure grant funding from the EDCCC.
The 15-member panel will hear any updates on building trail systems in the county, as well as how the EDCCC uses tax funds from the county.
EDCCC meetings are open to the public.