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OCR Page 1 of 101MORE COMPREHENSIVE INVENTORY OF ACCOMPLISHMENTS
August 4, 1999
A variety of projects initiated in the Arkansas Delta Region have significantly improved
the quality of life for people living in this area. Wise investments made in the Arkansas
Delta have enhanced infrastructure, community and economic development, education,
employment opportunities, and health services.
DEPARTMENT OF TREASURY
The Community Adjustment Investment Program (CAIP) aims to assist private
companies in creating or retaining job opportunities in NAFTA trade affected areas; to
leverage private sector business lending; and to focus resources into the most
significantly affected areas. CAIP offers loans and loan guarantees through other
agencies' programs to aid small business development.
SBA guaranteed a loan of $65,000 to Green Acres Nursery in Blytheville (Mississippi
County), Arkansas. It is expected that 16.5 full-time equivalent jobs will be created. The
loan proceeds will be used to payoff bank debt and for working capital.
USDA guaranteed a loan of $1,851,880 to Johansen Brothers Shoe Company in Corning
(Clay County), Arkansas. It is expected that 101 full-time jobs will be retained and 15
full-time jobs created. The loan proceeds will be used for working capital, machinery
and equipment, factory improvements, and debt restructuring.
SBA guaranteed a loan of $50,000 to Mr. B's Quickstop of Des Arc in Des Arc (Prairie
County), Arkansas. It is expected that 2.5 full time equivalent jobs will be created and
the loan proceeds will be used to upgrade equipment and to add a food delivery service.
SBA guaranteed a loan of $184,000 to Lianne Fisher Company of Greenway (Clay
County), Arkansas, a wholesale distributor of silk flower arrangements, etc. It is
expected that 10 full-time jobs will be created. The loan proceeds will be used to
purchase real estate, expand existing facility and for refinancing.
SBA guaranteed a loan of $665,000 to G & K Crocker in Pocahontas (Randolph County),
Arkansas. It is expected that 14.5 full-time equivalent jobs will be created. The proceeds
of the loan will be applied to purchase land, construction, equipment, inventory, startup
costs, franchise fee and working capital.
DEPARTMENT OF DEFENSE
With respect to maritime initiatives, the Corps of Engineers is working on a major
initiative on the Ouachita and Black Rivers below Camden, Arkansas. The project,
which is 92 percent complete, consists of four locks and dams and related improvements
providing 9-foot navigation along the Ouachita and Black Rivers from the Red River to
several miles above Monroe, Louisiana. The remaining work, which is currently
unscheduled, includes channel realignment and recreation facilities in Arkansas and
Louisiana above Monroe. The total construction costs for this project is approximately
$281 million. In addition, the Corps of Engineers has also completed work on the ports
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