Create Rebate Program
The Create Rebate Program is offered at the discretion of the Director of the Arkansas Economic Development Commission in highly competitive situations. It provides annual cash payments based on a company's annual payroll for new, full-time, permanent employees. The benefit depends on the tier in which the company locates.
|
Tier |
Benefit Based on Payroll of New, Full-time, Permanent Employees |
|
1 |
3.9% |
|
2 |
4.25% |
|
3 |
4.5% |
|
4 |
5.0% |
In all tiers, a minimum payroll of new, full-time, permanent employees of $2 million annually is required. The minimum payroll threshold must be met within 24 months of the effective date of the financial incentive agreement. No benefits may be claimed until the $2 million annual payroll threshold is met.
The Create Rebate benefits are available after the business certifies to the Arkansas Deparment of Finance and Administration that it has fulfilled the minimum payroll requirements and the reported payroll has been verified by the Arkansas Department of Finance and Administration.
For more information, Joey Dean (Vice President, Economic Development; Executive Director, Metro Little Rock Alliance), 501.377.6006.