Learn more about relocating or expanding to ArkansasArkansas business climate, manufacturer incentives, and advantages of AR communities |
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Arkansas Business Data*  Population: 2,889,450 Total Labor Force: 1,330,800 Unemployment Rate: 7.1% Number of Manufacturers: 3,427 Manufacturing Jobs: 191,626
Right to Work: Yes
Unemp. Ins. Tax: 1.2–11.1%
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Corporate Income Tax:
Tax on net income: 1% on 1st $3,000; 2% on next $3,000; 3% on next $5,000; 5% on next $14,000; 6% on next $75,000; 6.5% over $100,000 Sales Tax:
6%. Exemptions include: Machinery used directly in manufacturing; pollution control equipment.; natural gas and/or electricity used in the manufacture of following materials/products: aluminum by electrolytic reduction process, glass, chlorine and other chemicals using a chlor-alkali process, and tires. Partial exemption on manufacturers' use of natural gas and electricity for other materials. Property Tax:
State collects no property taxes. Properties are taxed on the city and county level based on 20% of truer market value and the average value of manufacturers' inventories based on millage rates in a given school district. Leading Manufacturing Industries:
(by % of total manufacturing employment) 26% Food and kindred products 9% Fabricated metal products 8% Industrial machinery and equipment 7% Transportation equipment 6% Rubber and miscellaneous plastic products Largest Manufacturing Establishments:
(by number of employees) Wal-Mart Stores, Inc. (Bentonville) - 5,000
Tyson Foods, Inc. (Springdale) - 4,200 Tenaris-Hickman Corp. (Blytheville) - 2,300 Dassault Falcon Jet Corp. (Little Rock) - 1,800 Baldor Electric Co. (Fort Smith) - 1,600 Tyson Foods, Inc. (Berryville) - 1,600 Cooper Tire & Rubber Co. (Texarkana) - 1,600 |
Counties with the Most Manufacturing Jobs:
Pulaski - 26,318 Washington - 21,015 Benton - 18,527 Sebastian - 13,710 Mississippi - 8,619 Cities with the Most Manufacturing Jobs:
Little Rock - 16,247 Springdale - 14,412 Fort Smith - 13,327 Rogers - 7,127 Pine Bluff - 6,384 Manufacturing Related Business Incentives:
• Biotechnology Development Credit
• Advantage Arkansas Job Creation Credit • "Tax Back" Sales Tax Refund for expanding eligible businesses and "Tax Back" Sales Tax Refund for targeted businesses • Research & Development with Universities Tax Credit • Manufacturers' Investment Tax Credit • Emerging Technology Development Tax Credit • Existing Workforce Training Act Tax Credit • Enterprise Zone Program • Youth Apprenticeship Training Program • Arkansas Community and Economic Development Program (ACEDP) • State Community Development Block Grants • Industrial Revenue Bonds • Economic Infrastructure Fund • ASTA Investment Fund • Venture Capital Investment Fun • Tax Increment Financing (TIF) • Arkansas Risk Capital Matching Fund |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
Arkansas Economic Development Commission
The Commission works with new and existing industries to provide a tailored incentive proposal for a project. It considers a variety of factors including business/industrial capital investment, payroll, workforce development, and community support in preparing incentive proposals.
900 West Capitol Avenue, Little Rock, AR 72201 (Map & Aerial View)
(501) 682-1121
www.arkansasedc.com
Flippin Chamber Of Commerce
Flippin Arkansas offers manufacturing, retail service jobs, restaurant jobs, resort jobs and the list goes on. While Flippin has all the wonderful economic opportunities a city should have, it still manages to maintain, that much sought after and ever more illusive small hometown feeling that makes it a wonderful place to raise a family and obtain friends that will last a lifetime.
P.O. Box 118, Flippin, AR 72634 (Map & Aerial View)
(870) 405-4534
DeQueen/Sevier County Chamber Of Commerce
The De Queen Sevier County Chamber of Commerce is an independent, non-profit, volunteer organization dedicated to sustaining and enhancing businesses currently operating within Sevier County and attracting diversified business opportunities for the benefit of the residents and visitors of Sevier County.
P.O. Box 67, De Queen, AR 71832 (Map & Aerial View)
(870) 584-3225
www.dequeenchamberofcommerce.com
Forrest City Area Chamber of Commerce
The Chamber is a voluntary organization of individuals, businesses and institutions working together to advance the commercial, industrial, agricultural and civic interests of Forrest City and St. Francis County.
203 North Izard Street, Forrest City, AR 72335 (Map & Aerial View)
(870) 633-1651
www.forrestcitychamber.com
Fort Chaffee Redevelopment Authority
The Authority seeks to maximize the value of Chaffee Crossing by creating an attractive, upscale development that includes sound infrastructure, quality housing, recreational and community facilities, retail establishments and businesses that provide above-average paying jobs.
7020 Taylor Ave., Fort Smith, AR 72916 (Map & Aerial View)
(479) 452-4554
(479) 452-4566 Fax
www.chaffeecrossing.com
Hempstead County Economic Development Corporation
This organization strives to increase employment opportunities for Hempstead County residents, broaden the tax base of Hope and Hempstead County, and improve the standard of living of Hope and Hempstead County residents.
108 West 3rd Street, Hope, AR 71802 (Map & Aerial View)
(870) 777-8485
www.hopeusa.com
Metro Little Rock Alliance
It is the Alliance's mission to cultivate regional growth and prosperity throughout the area by marketing the region's strengths and advantages to prospective companies and site location consultants for the purposes of attracting investment and creating jobs.
1 Chamber Plaza, Little Rock, AR 72201 (Map & Aerial View)
(800) 905-6577
www.metrolittlerockalliance.com
Ouachita Partnership for Economic Development, Inc.
The Partnership is the lead economic development organization in the area. Its 14-member Board of Directors has representation from private business, the City of Camden, Ouachita County, the Camden Area Chamber of Commerce, the Camden Area Industrial Development Corporation, the Camden Fairview Public Schools, and the Southern Arkansas University Tech.
625 Adams Ave., Camden, AR 71711 (Map & Aerial View)
(870) 836-2210
www.teamcamden.com
Arkansas Industrial News:
Arkansas Industrial Jobs Declined 1% Over Year (11/13/2012)
Industrial Jobs In Arkansas Declined 1.5% Over Past Year (10/31/2011)
Arkansas Industrial Jobs Declined 9% Over The Past Two Years (10/15/2010)
Arkansas Industrial Job Down 7.3% Over Twenty-Four Months (10/23/2009)
Arkansas Loses Fewer Manufacturing Jobs (10/15/2008)
Industrial Directory's 12-Month Report Shows Arkansas Manufacturing Jobs Down 2.8% (10/29/2007)
2007 Manufacturers' Guide Reports Arkansas Manufacturing Jobs Down 3%; Plants Down 104 (10/11/2006)
Arkansas Industrial Jobs Declined 1% Over Year (11/13/2012)
Industrial Jobs In Arkansas Declined 1.5% Over Past Year (10/31/2011)
Arkansas Industrial Jobs Declined 9% Over The Past Two Years (10/15/2010)
Arkansas Industrial Job Down 7.3% Over Twenty-Four Months (10/23/2009)
Arkansas Loses Fewer Manufacturing Jobs (10/15/2008)
Industrial Directory's 12-Month Report Shows Arkansas Manufacturing Jobs Down 2.8% (10/29/2007)
2007 Manufacturers' Guide Reports Arkansas Manufacturing Jobs Down 3%; Plants Down 104 (10/11/2006)
Looking to reach Arkansas manufacturers? Access the Arkansas Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 6/10/2013. All other stats updated on 5/17/2013. Listings updated on 6/19/2013.
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