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Home > U.S. Domestic Atlas> Arkansas

Welcome to Arkansas on Business Facilities Online

ARKANSAS Fast Facts

• Population (2006): 2,810,872
• Largest Cities (2006): Little Rock, 184,422; Fort Smith, 83,461; Fayetteville, 68,726; Jonesboro 60,489; North Little Rock, 58,896
• Targeted Industries: Automotive, manufacturing, rubber and plastics, distribution, emerging technology, biotechnology

•Key Incentives: Advantage Arkansas, Tax Back, InvestArk, The Arkansas Science and Technology Authority Investment Fund, ArkPlus

ARKANSAS State Incentives

Advantage Arkansas offers an income tax credit on state income tax equal to between 1% and 4% of new payroll for five years, depending on the tier of the county in which the business locates. For a business to qualify for the income tax credit, employees must be Arkansas taxpayers. The credit begins in the year in which the new employees are hired. Any unused portion of the credit may be applied against income tax for the succeeding nine years.

InvestArk is a sales and use tax credit program for businesses established in Arkansas for at least two years that invest a minimum of $5 million in plants or equipment, new construction, and expansion/modernization. A credit may be taken against the business's state sales and use tax liability equal to 0.5% above the state sales and use tax rate in effect at the time an agreement is signed. The sales and use tax credit is a percentage of eligible project cost. If the entire credit can't be used in the year earned, the remainder may be carried forward for five years. Total project expenditures must occur within four years of the project approval.

The Arkansas Science and Technology Authority (ASTA) Investment Fund is a special investment fund of $2.8 million that can provide seed capital for new and developing technology-based businesses through loans, royalty agreements, and limited stock purchases. In addition, the authority also administers a program that encourages the transfer of technology from the laboratory to the manufacturing or processing plant.

Business Facilities articles covering Arkansas
Retail Set to Ride Out A Recession

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Arkansas State Resources

 

STATE CONTACTS
(scroll - to view all listings)

Arkansas Economic Development Commission
Maria Haley
Executive Director
One Capitol Mall
Little Rock, AR, 72201
Tel: 501-682-1121
Web: www.arkansasedc.com



UTILITIES

Arkansas Electric Cooperatives
Kirkley Thomas
Manager, Economic Development
P.O. Box 194208
Little Rock, AR, 72219
Tel: 501-570-2274
Web: www.ecark.org

Entergy Arkansas
Michael Maulden
Director, Economic Development
P.O. Box 551
Little Rock, AR, 72203
Tel: 888-301-5861
Web: www.teamworkarkansas.com



REGIONAL CONTACTS

Arkansas Valley Alliance For Economic Development
Jeff Pipkin, CEcD
Director of Economic Development
708 West Main St.
Russellville, AR, 72801
Tel: 479-858-6555
Web: www.russellville.org

East Arkansas Planning and Development District
Richard Spelic
Executive Director
2905 King Street, P.O. Box 1403
Jonesboro, AR, 72403
Tel: 870-932-3957
Web: www.eapdd.com

Metro Little Rock Alliance
Joey Dean
Executive Director
One Chamber Plaza
Little Rock, AR, 72201
Tel: 800-905-6577
Web: www.metrolittlerockalliance.com

Regional Jonesboro Chamber of Commerce
Mark Young
President & CEO
P.O. Box 789
Jonesboro, AR, 72403
Tel: 870-932-6691
Web: www.jonesborochamber.com



COUNTY CONTACTS

Bradley County Industrial Development Corporation
Mary Seymore
Executive Director
P.O. Box 310
Warren, AR, 71671
Tel: 870-226-3760
Web: www.bcidc.com

Economic Development Corporation of Clark County
Shawnee Carrier
Director, Economic Development
P.O. Box 400
Arkadelphia, AR, 71923
Tel: 870-246-1460
Web: www.clarkcountyplan.org

Ouachita Partnership for Economic Development
Norman MacNeill
Executive Director
625 Adams
Camden, AR, 71711
Tel: 870-836-2210
Web: www.ouachitaworks.com

The Economic Development Alliance of Jefferson County Arkansas
Lou Ann Nesbitt
President & CEO
510 Main Street, P.O. Box 5069
Pine Bluff, AR, 71611
Tel: 870-535-0110
Web: www.jeffersoncountyalliance.com

The Garland County Economic Development Corporation
Dave Byerly
President & CEO
P.O. Box 6090
Hot Springs, AR, 71902
Tel: 501-624-6807
Web: www.hotspringschamber.com



CITY CONTACTS

Bald Knob

Bald Knob Economic Commission
Alvin Hearyman
President
P.O. Box 217
Bald Knob, AR, 72010
Tel: 501-724-6106
Web:

Batesville

Batesville Area Chamber of Commerce
Jonah Shumate
President & CEO
409 Vine Street
Batesville, AR, 72501
Tel: 870-793-2378
Web: www.mybatesville.org

Blytheville

Great River Economic Development
Clif Chitwood
Director
P.O. Box 166
Blytheville, AR, 72316
Tel: 870-532-6084
Web: www.misscoeda.com

Brinkley

Brinkley Economic Development Commission
Fairy Armstrong
Economic Development Coordinator
Office of the Mayor, 233 W. Cedar
Brinkley, AR, 72021
Tel: 870-734-1382
Web: www.brinkleyar.com

Conway

Conway Development Corporation
Brad Lacy
Director of Economic Development
900 Oak St.
Conway, AR, 72032
Tel: 501-329-7788
Web: www.conwayarkansas.org

Crossett

Crossett Economic Development Foundation
Mike Smith
Executive Director
125 Main Street
Crossett, AR, 71635
Tel: 870-364-8745
Web: www.considercrossett.net

Fayetteville

Fayetteville Economic Development Council
Steve Rust
President & CEO
21 W. Mountain Street, Suite 301
Fayetteville, AR, 72701
Tel: 479-442-8885
Web: www.fayetteville.com

Fort Smith

Fort Smith Regional Chamber of Commerce
Tom Manskey, CCE
President & CEO
612 Garrison Avenue
Fort Smith, AR, 72901
Tel: 479-783-6118
Web: www.fortsmithchamber.com

Magnolia

Magnolia Economic Development Corporation
Toby Stephens
Executive Director
P.O. Box 866
Magnolia, AR, 71754
Tel: 800-206-0889
Web: www.medc.cc

Marion

City of Marion
Kay Brockwell
Director of Economic Development
13 Military Rd
Marion, AR, 72364
Tel: 870-739-5414
Web: www.marionarkansas.org

Maumelle

City of Maumelle
Judy Keller
Director
550 Edgewood, Suite 590
Maumelle, AR, 72113
Tel: 501-851-2500
Web: www.maumelle.dina.org

Monticello

Monticello Economic Dev. Commission
Truman Hamilton
Executive Director
P.O. Box 1890
Monticello, AR, 71657
Tel: 870-367-3076; 888-909-8019
Web: www.monticelloedc.org

North Little Rock

North Little Rock Economic Development Corporation
Todd Larson
Executive Director
116 Main Street, P.O. Box 5288
North Little Rock, AR, 72114
Tel: 501-371-0116
Web: www.nlrchamber.org

Smackover

Smackover Industrial Dev. Corporation
Tommie Fleming
Manager
P.O. Box 275
Smackover, AR, 71762
Tel: 870-725-3521
Web: www.smackoverar.com

West Memphis

City of West Memphis Office of Economic Development
Ward Wimbish
Director of Economic Development
P.O. Box 1728
West Memphis, AR, 72303
Tel: 870-732-7500
Web: www.westmemphis.com