Arkansas Out Of The Running For $1.6 Billion Toyota-Mazda Auto Plant

The third time wasn’t the charm.

Arkansas economic officials confirmed to Talk Business & Politics on Thursday (Oct. 26) that the state is out of the running for a $1.6 billion Toyota-Mazda plant expected to employ 4,000 workers by 2021.

Earlier this summer, USA Today reported that 15 states had submitted bids for the secretive superproject which used the code name “Project Mitt.” Arkansas officials confirmed at the time that they had interest in pursuing the megadeal. However on Thursday, project leaders notified states that did not make the cut and Arkansas was apparently one of them.   MORE

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