by Talk Business & Politics staff (staff2@talkbusiness.net)
Umarex USA/Walther plans to invest $30 million in its Fort Smith operation at Chaffee Crossing and add 76 jobs. Of the investment, an estimated $8 million will be used to expand the facility and $22 million will be used to acquire machinery and equipment.
The Fort Smith Board of Directors on Thursday (Jan. 18) approved an Industrial Revenue Bond for the company to use to help finance the expansion.
“This is a great thing for the City of Fort Smith,” said Fort Smith Director Kevin Settle. “It gives me great excitement. Maybe somewhere down the road, we can work with the Fort Smith Police Department to switch to Walther Guns.”
