Please enter a search term to begin your search.
• Population (2008): 2,855,390
• Largest Cities (2008): Little Rock, 189,515; Fort Smith, 84,716; Fayetteville, 73,372; Springdale, 66,180;
Jonesboro, 63,960
• Targeted Industries: Aerospace/Aviation, Automotive Assembly & Suppliers, Alternative Fuels, IT
• Key Incentives: Investark, Arkansas Science & Technology Authority’s Seed Capital Investment Fund, Arkplus
• GDP (All Industry 2008): $98.3 billion*
*Bureau of Economic Analysis, U.S. Department of Commerce
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.
Explore detailed community demographic information at ZoomProspector.com
India-based pipe maker cancels $100-million plant in Arkansas
2009 Business Facilities Rankings Report
2008 Business Facilities Rankings Report
Retail Set to Ride Out A Recession
