Incentives
The State of Arkansas operates the way businesses do, proactively anticipating opportunities and quickly responding to challenges in innovative ways. This approach, combined with incentive programs, make Arkansas a profitable choice for locating or expanding a business.
Arkansas's performance-based incentives are nationally competitive and easy to use. The Arkansas Economic Development Commission will focus on a business' specific needs, conduct a cost-benefit analysis, and design a tailored incentive package.
Arkansas's incentives are based on payroll instead of number of jobs and are determined according to location. Counties are divided into four tiers, based on poverty rate, unemployment, per capita income and population growth. Tiers are assigned annually on July 1st, based on the previous year's statistics. Pulaski County is a Tier 1 county.
In addition to an array of competitive incentives, when a business locates in Arkansas, it can take advantage of the following additional benefits:
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Favorable unemployment insurance and workers' compensation rates
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A right-to-work state, as guaranteed by the Arkansas Constitution
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Favorable individual and corporate income tax rates
For more information, Joey Dean (Vice President, Economic Development; Executive Director, Metro Little Rock Alliance), 501.377.6006.