November 21, 2017--Jonesboro, Arkansas was part of a very long list of initial contenders when steel fabricator Risever chose to launch its U.S. operation. Risever, which has three facilities in China, began with a list of 70 communities before deciding on Jonesboro as the city where they plan to build a new 100,000 square foot building.
Yonggang Lai, the General Manager of Risever, indicated his company decided on Jonesboro because it has everything his operation needed. "We are convinced by its great location, convenient transportation system, full-fledged industrial base, and supply chain, well-developed industrial park, competitive business costs as well as professional talent," Lai said.
Jim Bruce, the president of Bruce Planning Facility Consultants, LLC. helped Risever with its search. Bruce, who has worked with state and local economic professionals in Arkansas before, thinks very highly of Jonesboro.
“Our company was very comfortable recommending Jonesboro as the city for Risever to place its first facility in the United States. The Craighead Technology Park is a beautiful facility at a high level of readiness with a good mix of large and small-scale companies. The Jonesboro model is a good one. The city is big enough to have good hospitals, a major university, education and overall quality of life but small enough to get your arms around it,” Bruce said.
Risever's Jonesboro facility is planned for a 27-acre site in the Craighead Technology Park, located on Arkansas Highway 18, roughly a mile from Interstate 555. The facility will make counterweights and boom arms for heavy equipment companies like Caterpillar, Komatsu, and Volvo.
Risever plans to break ground on its Jonesboro facility in the second quarter of 2018 with a goal of being operational by second quarter of 2019. When in full production Risever says the Jonesboro location will employ 130 people. The plan amounts to a $20 million investment in Jonesboro.