A focus on job creation and economic development
There are currently 74,500 more Arkansans employed than there were in January 2015 when Governor Hutchinson took office.
Source: Arkansas Department of Workforce Services, Nonfarm Payroll Jobs, Not Seasonally Adjusted, May 2017 data.
Job creation is broken down into three categories:
- Competitive Projects
- Facilitated Growth
- Market Driven Growth
Competitive Projects: These are projects that the Arkansas Economic Development Commission (AEDC) is responsible for creating — whether it’s new business, expansion of an existing business or the retention of a business currently in state. An example of a Competitive Project is the recent expansion of HanesBrands in Clarksville. Learn more about AEDC
Facilitated Growth: Jobs created in an area (or industry) where the state has made a conscientious decision to invest funds to help stimulate or foster growth. For example, the state invests X dollars in tourism which resulted in Y total number of tourists to the state and Z total jobs.
Market-Driven Growth: Jobs created by market-driven growth come from our overall business climate in Arkansas, as well as all start-up businesses. Since assuming office in January 2015, Governor Hutchinson and the legislature have lowered taxes, reduced regulations, and increased the speed to market by cutting permitting time — all of which improve market-driven growth.