MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • August 11th, 2020
Contract Type FiledAugust 11th, 2020This Economic Development Memorandum of Understanding (hereinafter referred to as “MOU”) is entered into this 26th day of April, 2016, by and between Shandong Sun Paper Industry Joint Stock Co. Ltd. (hereinafter referred to as “Sun Paper”), the Arkansas Economic Development Commission (hereinafter referred to as “AEDC”), the Economic Development Corporation of Clark County (hereinafter referred to as “EDCCC”), and the Arkadelphia Regional Economic Development Alliance (hereinafter referred to as the “Alliance”). In Consideration of a substantial investment of Shandong Sun Paper and the creation of full-time jobs in a bio-products mill in Clark County, Arkansas, as described in the paragraph immediately following, AEDC, EDCCC and the Alliance agree to offer the incentives and financing as described herein.