Bill > HR1037

This resolution recognizes and celebrates Nucor Day at the Arkansas State Capitol on February 19, 2025, highlighting the company's significant contributions to the state's economy and industry. The resolution details Nucor's impressive achievements, including being the largest steel producer in the United States and a global leader in sustainable steelmaking, recycling approximately 20 million tons of ferrous scrap metal annually with a greenhouse gas intensity significantly lower than global averages. It emphasizes Nucor's long-standing presence in Arkansas since 1987, with five facilities in Mississippi and Grant Counties, and employing 2,772 teammates (employees) in the state. The resolution also notes the company's unique business practices, such as never laying off workers, providing an average production teammate salary over $100,000, offering a 10% profit-sharing plan, and providing $4,000 annual scholarships for employees' dependents. Additionally, the resolution points out Nucor's substantial investments in Arkansas, including over $1 billion in facility upgrades in the past five years, and highlights the company's steel being used in iconic structures like the One World Trade Center and AT&T Stadium. The resolution will be transmitted to Nucor's Chief Executive Officer upon adoption.

https://arkleg.state.ar.us/Bills/Detail?id=hr1037&ddBienniumSession=2025%2F2025R