Governor signs MOU with Risever in China

New Jonesboro facility will equal 130 new jobs

Hefei, China – Arkansas Governor Asa Hutchinson signed a Memorandum of Understanding (MOU) with Risever, the steel fabrication company that recently announced plans to build a facility in Jonesboro, on Friday, Nov. 3, 2017.

The signing took place in Hefei, China – the headquarters of Risever, said Jonesboro Unlimited Director of Marketing Craig Rickert.

A memorandum of understanding (MOU) is a nonbinding agreement between two or more parties outlining the terms and details of an understanding, including each parties’ requirements and responsibilities. An MOU is often the first stage in the formation of a formal contract. – Investopedia

Risever chose Jonesboro out of some 70 cities for the facility, the company announced in October. The new plant is expected to eventually employ 130 people.

In a news conference delivered via webcam from China, the Governor said one of the reasons Risever picked Jonesboro was because “Jonesboro has such a great workforce for their industry.”

Conceptual drawing of the planned Risever facility in Jonesboro which will eventually employ 130 people.
Photo by Stan Morris | NEA Report

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