Arkansas Wins Economic Lottery

Big River Steel said Friday that it will expand its operations near Osceola, Arkansas with a $1.2 billion investment that will double its hot-rolled steel production and result in the hiring of some 500 new employees.

Salaries for those new jobs, according to the Arkansas Economic Development Commission, will average $75,000 a year. 

Big River opened its scrap-recycling and steel production facility south of Osceola in northeast Arkansas just last year, after an investment of about $1.3 billion.