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Arkansas Resources Page
Inward Investment Guides

Slideshow: 2014 Gold and Silver Shovel Award Recipients

Area Development Magazine Special Presentation (Directory 2015)
Shown here are 12 of the recipients of Area Development’s 2014 Gold & Silver awards, which were bestowed in recognition of the states’ efforts to capture new facility and expansion projects that resulted in significant investment and job creation. All told, 20 states were recognized for their efforts. More

Regional Report: Auto, Aviation, Energy Drive Growth in the South

Steve Stackhouse-Kaelble (Directory 2015)
The Southern States are driving into the future on the strength of the motor vehicle industry. These states tend to be heavy on manufacturing; their manufacturing sectors tend to have strong automotive activity, and it’s a good time to be in that business. That’s among the reasons all six of the states in this region took home Area Development’s Silver Shovel honors earlier this year. More

Critical Site Selection Factor #9: Low Union Profile - Unions Still a “No-Go” Factor for Many

Dale D. Buss, Staff Editor,  (Q4 2014)
Having a low union profile ranked as slightly more important in Area Development’s latest Corporate Survey, up one position to #9. But in a similarly incremental sense, U.S. unions overall actually may have gained some ground over the last year. More

Arkansas Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Arkansas's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Sustainability: The “Invisible Hand” Shapes Next-Generation Location Selection

Don Schjeldahl, Founder, Don Schjeldahl Group (Q1 2014)
Companies that view their location strategies through a “sustainability filter” are more likely to achieve competitive advantage and long-term stakeholder value. More

Leading Locations for 2013: The Southern MSAs

Area Development Magazine Special Presentation (July 2013)
The South’s low-cost environment — from taxes to labor to transportation — has been a big draw from companies. And its right-to-work environment has helped to keep those labor costs down. In fact, five of the six states in the region — Alabama, Arkansas, Louisiana, Mississippi, and Tennessee — have right-to-work laws on the books. Only Kentucky does not. More

Regional Review: Southern States Are Hub for Foreign Automakers & Suppliers

Beth Mattson-Teig (Location USA / April 2013)
Over the past decade, the South has emerged as a manufacturing hub for big automakers. Major international firms such as Mercedes-Benz, Toyota, and Volkswagen are just a few of the players that have a strong and growing presence in the South. As the auto industry continues to recover, that formidable industry cluster is fueling growth across Alabama, Arkansas, Kentucky, Louisiana, Mississippi, and Tennessee. More

The States Leading the U.S. Manufacturing Resurgence

Mark Crawford (Q1 / Winter 2013)
Exhibiting know-how and innovation, U.S. manufacturers are adding to their payrolls and economic growth across the nation. We have identified 19 states where manufacturing is leading the way... More

ARKANSAS at a glance

POPULATION: 2,959,373 (2013 estimate)

LABOR FORCE: 1,326,528 (2013 annual average)


TRADITIONAL INDUSTRIES:Food and kindred products, metals, paper, rubber/plastics, timber, transportation, agriculture

EXPANDING INDUSTRIES: Business services/telecommunications, health services/ infotechnology, transportation equipment, biotechnology, aerospace, steel

COLLEGE GRADUATES: (Age 25 and over) 20.6 % 2013-ACS-1 Year Est

Corporate Income Tax: 1 percent of net income on first $3,000; 2 percent on next $3,000; 3 percent on next $5,000; 5 percent on next $14,000; 6 percent on next $75,000; income over $100,000 is taxed at 6.5 percent

Corporate Organization and Qualification Fees: Domestic corporations - $50 for filing articles of incorporation; $100 for filing articles of merger or share exchange; foreign corporations - $300 for filing application for certificate of authority

Corporate Franchise Tax: Domestic - 0.30 percent of proportion of subscribed capital stock employed in the state; foreign - 0.30 percent of proportion of capital stock representing property owned and used in business transactions in the state; minimum, $150

Sales (gross receipts) and Use Tax: 6.5 percent gross proceeds of retail sales of tangible personal property, certain selected services and accommodations, with exemptions

Property Tax: Real and personal property is subject to taxation by cities, counties, and improvement districts at various rates; the assessed value is 20 percent of market fair value, and the average millage rate is 46.53

• Industrial revenue bonds

• General Obligation State Bond Financing (Amendment 82)

• Bond guaranty programs

• Economic Infrastructure Fund

• Small Business Loan Program

• Arkansas Science and Technology Authority Investment Fund (seed capital)

• Arkansas Capital Corporation (loans, shared risks, venture capital)

• Venture Capital Investment Fund

• Tax increment financing

• Advantage Arkansas (income tax credit)

• Tax Back (sales and use tax refund)

• InvestArk (sales and use tax credit)

• Create Rebate Program (payroll rebate)

• ArkPlus (income tax credit based on total investment)

• Targeted Businesses (income tax credit and sales and use tax refund)

• Research and Development (income tax credit)

• Nonprofit Incentives (payroll rebate and sales and use tax refund)

• Child Care Facility Tax Incentive

• Customized training incentives

• Recycling Equipment Tax Credit (income tax credit)

• Tourism Development (sales and use and income tax credits)

• Tuition Reimbursement Tax Credit (income tax credit)

• Freeport Law

• Equity Investment Tax Credit (income tax credit)

Principal Manufacturing industries

  • Food Products
  • Fabricated Metals
  • Transportation Equipment
  • Machinery
  • Rubber & Plastics
  • Primary Metals
  • Paper
  • Wood Products
  • Electrical Equipment & Appliances
  • Furniture
  • Computers & Electronics
  • Other Manufacturing Industries
Source: Bureau of Labor Statistics Annual 2013 Data