Economic Development

Economic Development

From January 2015 to October 2019, there has been a total of 104,700 nonfarm payroll jobs created in Arkansas. Jobs created by AEDC incentive projects from January 2015 to October 2019 totals 20,187.

Source: Arkansas Economic Development Commission

Job creation is broken down into three categories:

  1. Competitive Projects
  2. Facilitated Growth
  3. 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 the 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.

For more information on economic development in Arkansas, visit arkansasedc.com.

Economic Development Newsview all

11.01.2019

Governor Hutchinson’s Weekly Address | 10 Days. 1,500 Jobs.

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10.22.2019

Governor Announces DXC Technology To Expand in Conway, Create 1,200 Jobs 

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10.04.2019

Governor Hutchinson’s Weekly Address | Taking Arkansas to the Other Side of the World

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Newest Announced or Expanded Company

SFI of Arkansas LLC

Location:
Conway

Date:
Dec 12, 2019

Company's Investment:
N/A

New Jobs:
75

New/Expanded:
expanded

Product/Services:
Steel Fabrication

Read Full Article →

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