LITTLE ROCK, Ark. (March 29, 2022) – The Little Rock Port Authority approved the sale of 15 acres to a new manufacturer on Tuesday morning. The Little Rock Board of Directors held a special meeting later that afternoon to approve the land deal and a Payment in Lieu of Taxes (PILOT) agreement for Synthesia.
The Company, Synthesia Technology Inc., will invest approximately $29 million (USD) in the construction and equipment for a new facility, and plans to hire 50 new full-time employees over the next three-years. This new facility represents Synthesia’s first U.S.-based manufacturing operation for the production of insulated products supporting the construction materials industry.