Custom Report

0 Properties
0 News
0 Articles
Add information from throughout the site by clicking the "Add" link.
Click "View Custom Report" to view your customized report. Email, print or create a PDF.

Community Profile

The Economic Development Alliance of Jefferson County is dedicated to expanding the industrial and economic base of Pine Bluff and Jefferson County, Arkansas. That mission is accomplished primarily through assisting the existing businesses and industries in the community to grow and expand; in building upon the existing base through the attraction to the community of additional customers and suppliers; helping the entrepreneur launch a new venture; and attracting entirely new kinds of businesses and industry to the area.

Pine Bluff Profile

With a population of 49,083 (2010), Pine Bluff is the county seat of Jefferson County. The second oldest settlement on the Arkansas River, Pine Bluff today is the trade, entertainment, recreation and health-care center for Southeast Arkansas.

Located in the heart of the rich Arkansas River Basin farming area, the community is a leading producer of cotton, soybeans, cattle, rice, poultry, timber and catfish. However, a diverse industrial base also exists.

The community affords varied cultural and recreational activities. One focal point is the Arts and Science Center for Southeast Arkansas, which provides a broad spectrum of exhibits and events. In 2001 the center received accreditation by the American Association of Museums, placing it among the nation's best. Among a variety of concerts and events, the Pine Bluff Convention Center hosts performances by the Pine Bluff Symphony Orchestra. And sportsmen and outdoor enthusiasts are drawn to a variety of parks, ball fields, championship golf courses and premier fishing waters.

Central to the community's role as a regional health-care center is the 471-bed Jefferson Regional Medical Center (JRMC). JRMC has been designated as a level 2 facility in the new statewide trauma system currently under development. Other hospital components include the Arkansas Cancer Institute, Jefferson Professional Centers I and II and JRMC Heart Center. Educational facilities in Pine Bluff are provided by four public school districts; numerous parochial schools; the two-year Southeast Arkansas College and the University of Arkansas at Pine Bluff.

Pine Bluff is also known for its people and is widely recognized as a caring community. Residents annually contribute thousands of volunteer hours to charitable, social service, and civic improvement organizations, as well as supporting these organizations financially. And the United Way consistently meets its annual goal of more than $1 million. 

Area Statistics

Area Information
The Economic Development Alliance of Jefferson County is dedicated to expanding the industrial and economic base of Pine Bluff and Jefferson County, Arkansas. That mission is accomplished primarily through assisting the existing businesses and industries in the community to grow and expand; in building upon the existing base through the attraction to the community of additional customers and suppliers; helping the entrepreneur launch a new venture; and attracting entirely new kinds of businesses and industry to the area.

Area Statistics

LOCATION
Distance to selected metropolitain areas
Little Rock, AR 42 miles
Memphis, TN 137 miles
St. Louis, MO 378 miles
Dallas, TX 356 miles
  
Average elevation 230'
  
Land area: 
Pine Bluff 45.6 square miles
Jefferson County 884.8 square miles

 

POPULATION 
2010 Census 
Pine Bluff 49,083
Jefferson County 77,435
Pine Bluff MSA(3-county area) 100,258
Est. Population 50-miles radius 746,180

 

Quality of Life

 

CLIMATE
Annual Average   Monthly Average  
Temperature 63.5° January 44°
    July 83°
Annual Average Rainfall (inches) 46"    
Annual Average Snowfall (inches) 2"    
Prevailing Winds S - SW    

 

ECONOMY
Lots of exciting things are happening in Pine Bluff and Jefferson County that are increasing revenues. Beautiful new subdivisions are in development in Pine Bluff and White Hall. New franchise restaurants such as Arby's, Chili's, and Burger King have opened near the new Wal-Mart Supercenter on Olive Street. The University of Arkansas at Pine Bluff has recently built a new Economic Research and Development Center on Main Street in Pine Bluff. We invite you to visit our community for yourself and experience the exciting things happening here.

CITY OF PINE BLUFF
SALES TAX RECEIPTS
Year Amount
2012 $6,915,378
2011 $7,108,867
2010 $7,145,001
2009 $7,313,246
2008 $7,489,559
2007 $7,081,359
2006 $7,181,443
2005 $7,187,273
2004 $6,957,031
2003 $6,765,341
2002 $6,806,106
2001 $6,998,841
2000 $7,004,053
1999 $6,668,254
1998 $6,756,085
1997 $6,599,635
1996 $6,516,322
1995 $6,408,484
1994 $6,159,360
1993 $5,934,720

CITY OF PINE BLUFF
'HAMBURGER TAX' RECEIPTS

(3% Hotel/Motel & 2% Resaurant Sales Tax)
Year Amount
2012 $1,518,306
2011 $1,473,251
2010 $1,499,514
2009 $1,494,148
2008 $1,487,636
2007 $1,388,151
2006 $1,385,627
2005 $1,390,411
2004 $1,383,000
2003 $1,344,641
2002* $1,345,935
2001 $1,345,935
2000 $1,304,499
1999 $1,231,999
1998 $1,165,777
1997 $1,137,825
1996 $1,088,694
1995 $1,077,495
1994 $   920,116
1993 $   836,596
*Beginning in 2002, the Hotel/Motel Tax increased from 2% to 3%.

 
 

CITY OF PINE BLUFF BUILDING PERMITS/CONSTRUCTION VALUE      
Year Single
Family
New
Multi-
Family
New
Duplex
New
Commercial
New
School/
Church
New
Total
VALUE*
2012 15 1 1 7 0 $10,396,000
2011 4 1 2 7 1 $7,923,950
2010 15 2 0 4 0 $3,593,663
2009 8 1 6 4 2 $9,806,443
2008 35 2 2 13 5 $12,123,168
2007 49 3 3 23 2 $11,831,245
2006 33 1 0 13 6 $80,843,510
2005 54 2 1 19 4 $47,117,044
2004 28 3 2 23 2 $36,945,504
2003 49 5 3 11 1 $32,251,209
2002 53 0 8 16 6 $18,408,885
2001 75 2 1 41 3 $34,346,054
2000 52 1 11 24 6 $23,061,444
1999 55 0 15 46 5 $17,866,306
1998 54 4 2 35 6 $28,879,357
1997 63 1 8 25 5 $20,185,888
*Value as reported by contractor; value totals include other categories, including remodeling, repairs and additions.      

 

ENTERTAINMENT

 

PUBLIC RECREATIONAL FACILITIES
Community Theater Regional Park
Ball Fields Skating Rink
Bowling Alley Swimming Pools
Golf Courses Tennis Courts
Movie Theaters Youth Center
Others: one private country club; Pine Bluff Convention Center with Arkansas Entertainers Hall of Fame; Arts & Science Center; Pine Bluff Symphony; Murals on Main; Pine Bluff/Jefferson County Historical Museum; Grider Field Aviation and Arkansas Railroad Museum; Delta Rivers Nature Center; Japanese garden; hunting; fishing; boating


HEALTHCARE FACILITIES

 

HEALTHCARE FACILITIES
Regional Medical Center 1
Beds 471
Physicians 130
Dentists 35
Clinics 29
Nursing Facilities 7
Physical Therapists 4
Other: Arkansas Cancer Institute; Area Agency on Aging of SE Ark; SE Ark. Behavioral Health-care System; Select Specialties Hospital; South Central Center on Aging; ambulance services; hospice care; 911 service

ASSOCIATIONS

Active chapters of national and international civic organizations are a vital part of community life and include Kiwanis, Jaycees, Lions Club, Rotary International, and Toastmasters.
 

Infrastructure

 

UTILITIES & SERVICES
Electric distributor
Entergy Arkansas, Inc. Entergy is an owner of the White Bluff generating plant in Jefferson County that produces 1657 megawatts of electricity.
 
Water
Utility Liberty Utilities Pine Bluff Water
Source 13 wells, avg. depth 855'
Pumping capacity 24 MGD
Peak consumption 16 MGD
Surplus capacity 8 MGD
 
Sewer
Utility Pine Bluff Wastewater
Storm sewer yes
Sanitary sewer yes
System capacity 18 MGD
Peak flow *24 MGD
Treatment plant 30/90 permit limitations
*NPDES Permit does not restrict flow.
Pine Bluff Wastewater Utility operates the largest municipal aerated lagoon wastewater treatment plant in the U.S. The National Association of Clean Water Agencies awarded the Boyd Point Treatment Facility with the Peak Performance Award in 2009, and the facility was featured in the April 2010 issue of the Water Environment Technology magazine.
 
Solid Waste
Utility Waste Management of Ark.
Facility sanitary landfill
 
Natural gas distributor
CenterPoint Energy 

 

TRANSPORTATION
Highways
I-530 (US 65 between Pine Bluff and Little Rock, connecting with I-30 and I-40 
US 63, 65, 79, 270, 425 
AR 54, 88, 104, 190, 365 
 
Railroads
Union Pacific; Burlington Northern Santa Fe 
Daily switching 
Union Pacific operates a major electronic switching yard at Pine Bluff 
 
Air 
Nearest commercial airport Bill and Hillary Clinton National Airport
Distance 42 miles
Major airlines serving the airport American Eagle
Continental Express
Delta
Southwest
USAirways Express
United
Nearest general aviation airport Grider Field - jet capable
Pine Bluff Municipal
Distance local
Runway length 6,000 ft. (lighted)
Surface asphalt
Instrument landing (ILS) Pine Bluff VORTAC  
  
Motor freight carriers 
Number of common carriers 13
Number of terminals 5
Number of local drayage firms 3
  
Waterways 
The Port of Pine Bluff's 372 - acre Harbor Industrial District 
Distance to Port Local
Waterway Arkansas River
Channel depth 9 feet
Service Numerous common and contract carrier barge lines are certified to serve Pine Bluff
Facilities Public Terminal offers barge loading and unloading, in-transit warehouse and bulk storage. Special facilities at the harbor fleeting service offer barge fleeting, barge cleaning and emergency repairs, pumps, towboat servicing and repairs, and crane service.

 

 

COMMUNICATIONS 
Bus & parcel service Bus: Jefferson Bus Lines; Intra-city, P.B.Transit
Parcel: Express mail, FedEx, UPS
Newspapers Pine Bluff Commercial (daily)
White Hall Journal (weekly)
Radio stations 1 AM; 2 FM
Television stations ABC; CBS; NBC; PBS; KASN; KLRT; KVTN
Basic & Tier Cable TV  
Digital satellite television  
Telephone Service Primary provider: AT&T
Fiber optic transmission & digitalized switching gear
Cellular service throughout Pine Bluff
Postal First Class Post Office (3)
Telegraph service Western Union

 
 

PUBLIC SAFETY
Police (personnel) 140 full time
Sheriff (personnel) 55 full time
Fire dept (personnel) 90 full time
Equipment (Fire dept) 9 pumper trucks/3 aerials
1 hazardous materials response unit
Fire insurance rating #3 in city (effective 08-01-13 becomes #2); #9/#10 outside city
Service provided to industry beyond city limits by contract to city

 

Education
EDUCATION ATTAINMENT
Percentage of High School Graduates
25 years and over (2010)
Pine Bluff 81.6%

Jefferson County

81.6%
State of Arkansas 81.9%

United States

85%

 

Percentage of College (4-year) Graduates (2010)
Pine Bluff 18.1%
Jefferson County 16.5%
State of Arkansas 19.1%
United States 27.9%
 
Percentage of High School Graduates Attending Institutions of Higher Education (Fall, 2008)
Jefferson County 64.3%
State of Arkansas 62.5%
United States 63.3%
2006 American Community Survey

 

Workforce Information

LABOR FORCE CHARACTERISTICS: PINE BLUFF LABOR MARKET AREA

The traditional definition of a labor force as being comprised of those residing within a 30-mile radius of a given community cannot be readily applied to Pine Bluff. Population within a 50-mile radius of Pine Bluff is 746,180 (based on 2010 Census Data). The 12-county Metro Little Rock Region, of which Jefferson County is a part, has a population of over 1,000,000. Historically, the local labor draw area has also encompassed all of Southeast Arkansas as well as the heavily populated counties to the north.

With the exception of Pine Bluff and Jefferson County, Southeast Arkansas tends to be largely rural with numerous smaller urban areas. The area encompasses the following counties (listed with 2010 Census populations):

 

LABOR FORCE CHARACTERISTICS
Pine Bluff Labor Market Area
Arkansas 19,019
Bradley 11,508
Cleveland 8,689
Dallas 8,116
Desha 13,008
Drew 18,509
Grant 17,853
Hot Spring 32,923
Jefferson 77,435
Lincoln 14,134
Population Total
221,194

 

AGE DISTRIBUTION
Under 5 15,238 6.6%
5 to 14 33,340 14.4%
15 to 24 33,579 14.6%
25 to 34 29,108 12.6%
35 to 44 34,453 14.9%
45 to 54 30,950 13.4%
55 to 64 21,853 9.5%
65+ 32,260 14.0%
Based on 2000 census

 

RACIAL COMPOSITION
Black 32.8%
White 64.8%
Hispanic & Other 2.5%
Based on 2000 census

 

Demographic Data

Pine Bluff, with a population of nearly 50,000, is the seat of Jefferson County, and the ninth most populous city in Arkansas. With over 77,000 people in the county, population density at the 2010 census was 87.5 residents per square mile, and approximately 65 percent living in urbanized areas.
 

POPULATION
Year City Jefferson County
1970 57,389 85,329
1980 56,576 90,718
1990 57,140 85,487
2000 55,085 84,278
2010 49,083 77,435
U.S. Bureau of Census

 

The 2010 population for Jefferson County and its incorporated areas
Jefferson County 77,435
Pine Bluff 49,083
White Hall 5,526
Redfield 1,297
Altheimer 984
Humphrey 557
Sherrill 84
Wabbaseka 255
U.S. Bureau of Census

 

RACIAL COMPOSITION
Jefferson County
Black 55.1%
White 43.5%
Other 1.4%
U.S. Bureau of Census - 2010

 

AGE DISTRIBUTION
Jefferson County
Under 5 4,957 6.4%
5-9 4,981 6.4%
10-14 5,255 6.8%
15-19 5,987 7.7%
20-24 5,834 7.5%
25-34 9,635 12.4%
35-44 9,299 12%
45.54 11,384 14.7%
55-59 5,363 6.9%
60-64 4,485 5.8%
65-74 5,638 7.3%
75-84 3,207 4.1%
85 & over 1,410 1.8%
Median age: 37.4 years
U. S. Bureau of Census - 2010

 

POPULATION BY SEX
Jefferson County
Male 41,249 48.9%
Female 43,029 51.1%
U.S. Bureau of Census - 2000
Education & Training

EDUCATIONAL FACILITIES & PREPARATION FOR EMPLOYMENT
Within Pine Bluff and its environs there are four public school districts, eight parochial schools, an adult education center, a special training center for the mentally and physically challenged, a state community college, on-the-job and pre-employment training programs and the University of Arkansas at Pine Bluff.

COLLEGES & UNIVERSITIES
University of Arkansas at Pine Bluff
Fully accredited by the North Central Association of Colleges and Universities, UAPB is a part of the University of Arkansas System. With a Fall 2010 enrollment of 3,435, the university offers 42 bachelor degree programs in its five schools: Agriculture and Home Economics; Business and Management; Education; Liberal and Fine Arts; and Science and Technology. Extensive additional course offerings are available through the Division of Continuing Education. UAPB offers 2 master's degree programs and 2 associate degree programs, as well as the world's only undergraduate Regulatory Science Degree program. UAPB is also a step away from getting its first doctoral program, in aquaculture and fisheries. It would be only the second U.S. institution to offer this doctoral degree.
Southeast Arkansas College

 
Accrediated by the Commission on Institutions of Higher Education of the North Central Association of Colleges and Schools, SEARK's two-year academic transfer program leads to an associate of arts degree that is fully transferable to all public colleges and universities in Arkansas. Fall 2010 enrollment was 2,071. Its Workforce Development Center was established to develop a qualified entry-level workforce.
University of Arkansas at Little Rock/University of Arkansas at Monticello

 
Two additional units of the University of Arkansas System are within one hour's driving range of Pine Bluff. UALR, with an enrollment of approximately 15,000, offers the following degrees: AA, AAS, AS, BA, BBA, BBE, BME, BS, BSE, MA, MAP, MBA, MEd, MHSA, MPA, MS, MSW, EdS, JD, PhD and EdD. UAM, particularly noted for excellence in forestry management, serves about 2,900 students and offers BA, BS, BSE, BBA and BSF degrees.
Graduate Institue of Technology

Graduate Institute of Technology, located in Little Rock, provides graduate level studies in science and engineering, technical support to industry and engages in advanced scientific research to attract and support high-tech industry to central Arkansas. Two advanced degrees offered: MSE in Engineering and MS/PhD in Instrumental Sciences.
University of Arkansas for Medical Sciences

 
University of Arkansas for Medical Sciences, located in Little Rock, provides quality educational opportunities for students in the Colleges of Medicine, Nursing, Pharmacy, and Health Related Professions and the Graduate School. Degrees offered are: AS in EMS, ASBIT, ASDH, ASRT, ASST, BSC, BSN, BSDH, BSMT, BSNMT, BSRT, MD, MNSc, PharmD and PhD. Pine Bluff's award-winning Area Health Education Center (AHEC) is an educational outreach effort of UAMS and provides training for allied health service professionals, especially in family practice.
University of Arkansas Division of Agriculture, Cooperative Extension Service

 
University of Arkansas Division of Agriculture, Cooperative Extension Service, located at 500 Idaho Street in Pine Bluff, provides quality educational opportunities and services in Agriculture, Family and Consumer Sciences, 4-H Youth Development and Community Development.


PUBLIC SCHOOLS

Excellence in education is a stated goal for Arkansas and its local communities. The Arkansas Comprehensive Testing, Assessment and Accountability Program (ACTAAP) encompasses the state's Smart Start Initiative (Grades K-4); the Smart Step Initiative (Grades 5-8); and a demanding curriculum for Grades 9-12.

Current law and State Board of Education regulations require administration of criterion-referenced tests (CRTs) and norm-referenced tests (NRTs), with all students expected to participate. The CRTs include Benchmark Exams at grades 3-8, End-of-Course Exams in Algebra I and Geometry, and a Grade 11 Literacy Exam. Beginning in 2003, norm-referenced testing (comparing state achievement levels to a national sample of students) has been the Iowa Test of Basic Skills, which in 2004 was administered in grades 3-9 in reading comprehension and math problem solving. Beginning in the 2005-2006 school year, sub-tests in social studies, science and language arts were added. The Iowa Early Learning Inventory is also given to all kindergarten students. Beginning in Fall 2009, students in grades 7-9 who take Alegebra I must pass the End of Course test to qualify for a high school diploma.

The National Assessment of Educational Progress (NAEP) is administered periodically to a sample of students at grades 4, 8 and 12 in core subjects. Results provide information on student performance for the nation and states.

Colleges and universities in Arkansas require only the American College Test (ACT); therefore, it is taken more frequently than the Scholastic Achievement Test (SAT) required by many out-of-state schools.

Four separate public school districts serve the Pine Bluff area, with a Fall 2010 combined enrollment of 12,478 students:
 

PUBLIC SCHOOLS
School District # of Students # of Teachers Ratio
Dollalrway 1,528 126 12.1
Pine Bluff 4,800 365 13.2
Watson Chapel 3,109 195 15.9
White Hall 3,041 223 13.6

In their aggregate, the districts provide service through:
Four Senior High Schools, each fully accredited by the North Central Association of Colleges and Secondary Schools; 6 Junior High Schools; and 19 Elementary Schools, each having the highest rating granted by the state Department of Education. Utilizing a $29 million bond issue, Pine Bluff School District concurrently replaced or renovated district facilities, a project completed for the 2007-08 school year. Included was construction on the high school campus of the new Pine Bluff High School Academy for the top 50 students in each grade, 10-12.

The Arkansas Department of Education, in its 2010 School Report Card, provides the following information on the local districts:
 

PUBLIC SCHOOLS
School District Expenditures per Pupil Graduation Rate ACT Composite
Dollarway $11,647 81.5 15.9
Pine Bluff $11,004 83.1 17.8
Watson Chapel $8,741 87.1 18.5
White Hall $7,722 89.6 21.6
State of Arkansas $9,228 84.8 20.65


PRIVATE SCHOOLS

There are numerous private and parochial schools in the Pine Bluff area offering exceptional academic programs and a variety of sports and extracurricular activities. Elementary programs include: Ridgway Christian School, K3-12; and St. Peter Catholic Elementary School, K-6. All have certified teachers.

Providing secondary education is St. Joseph Catholic Junior and Senior High, grades 7-12, with a college-preparatory curriculum. Certified faculty members are fully accredited by the Arkansas Non-public School Accrediting Association.

CHARTER SCHOOLS
Lighthouse Charter Academy opened in Fall 2011.

HOME SCHOOLS
Some parents in the Pine Bluff area have opted for an even more nontraditional approach to their children's education. According to state Department of Education records, a total of approximately 275 students in the Jefferson County are reported as being home schooled by their parents. Home-schooled students have traditionally scored higher than public school students on state and college-entry tests by their parents for 2007-2008.

VOCATIONAL & EMPLOYMENT TRAINING
Arkansas' Industry Training Program. This two-fold, state-funded program has long been a national model for effective and efficient employment training. The Business and Industry Training Program (BITP) provides no-cost, pre-employment or on-the-job training programs designed to the exact requirements of new or expanding industry. Included are employee recruitment advertising; development of curricula; preparation of training manuals and audio-visual instructional materials; and conduction of classes on-site or in proximity to plant sites. Also available is the Existing Workforce Training Program (EWTP), which provides on-the-job retraining of an existing labor force when new technologies are introduced. The Alliance will be pleased to arrange for confidential discussions with state training program personnel.

Jefferson Area Vocational Center. Approved by the State Workforce Education Board, the center provides programs of study and youth apprenticeship opportunities for 11th and 12th grade Jefferson County students in heating and refrigeration; agriculture education; business, administration and management; industrial equipment mechanics; and medical professions.

Jefferson Regional Medical Center (JRMC) Schools. Radiologic Technology - Cosponsored by SEARK College, this twenty-four month program offers an RT degree; Nursing - this twenty-eight month program, leading to a diploma in nursing (RN), includes general education courses at SEARK and UAPB; and Respiratory Care - leading to an Associate of Science Degree and CRT credentials, in a cooperative effort with UAMS and its Area Health Education Center (AHEC) here.

SPECIAL SCHOOLS
Jefferson Couny Regional Adult Education Center. General education courses are offered for high-school age students and adults with less than a high school education in both day and evening classes. Some 125 to 150 graduates annually are awarded Arkansas High School Diplomas (formerly called general equivalency diplomas or GEDs).

Jenkins Memorial Children's Center. Jenkins serves as a diagnostic, educational and treatment center for the mentally and physically challenged. Students at Jenkins range from infant to adult.

 

Incentives/Taxation

LOCAL INCENTIVES

In order to facilitate location of a project in Pine Bluff or Jefferson County, several local incentives can be used to offset start-up costs for a new location.  These incentives are over and above those offered by the State of Arkansas:

  • Jefferson County voters approved a 3/8-cent sales tax in February 2011 to generate funds for economic development incentives and workforce training.  Collection of the tax began in July 2011.  Revenues are now building up and will be considered, on a case-by-case basis by the county oversight board, for distribution based on the number of jobs created and capital investment of individual projects.
  • The Economic Development Alliance for Jefferson County has designated funds up to $75,000 that can be accessed to assist with project infrastructure needs (such as a rail switch).
  • If the client uses revenue bond financing for the project, Alliance staff can assist the company in its negotiations with the community for a payment in-lieu of property taxes (PILOT) up to 65%.
  • Alliance staff can facilitate contact with City permitting authorities.

 

STATE INCENTIVES

The State of Arkansas operates the way businesses do, proactively anticipating opportunities and quickly responding to challenges in innovative ways. This approach, combined with incentive programs, makes Arkansas a profitable choice for locating or expanding a business.

Arkansas' performance-based incentives are naturally competitive and easy to use. The Arkansas Economic Development Commission (AEDC) will focus on your business's specific needs, conduct a cost-benefit analysis, and design a tailored incentive package.

Arkansas' incentives are based on payroll instead of number of jobs and are determined according to location. Counties are divided into four tiers, based on poverty rate, unemployment, per capita income, and population growth; incentives are more lucrative in less-developed counties. Tiers are assigned annually on July 1, based on the previous years' statistics. Jefferson County is a tier four county.


Tax incentives may be combined to allow for more flexibility.

TAX CREDITS & INCENTIVES

Advantage Arkansas
Income Tax Credit

Advantage Arkansas offers a state income tax credit for job creation based on the payroll of new, full time, permanent employees hired as a result of the project.

The payroll threshold for qualifying for Advantage Arkansas and the benefit received depends on the tier in which the business locates or expands. Arkansas is segmented into four tiers based on poverty rate, population growth, per capita income and unemployment rate. Jefferson County is a tier four county.

The income tax credit is earned each year for a period of five years. The income tax credit cannot offset more than 50 percent of a business' income tax liability in any one year and may be carried forward for nine years beyond the tax year in which the credit was first earned. The credit begins in the tax year in which the new employees are hired. Employees must be Arkansas taxpayers.
 

ADVANTAGE ARKANSAS
Income Tax Credit
Tier Payroll Threshold Benefit Based on Payrolll of New, Full-time, Permanent Employees
1 $125,000 1% of payroll
2 $100,000 2% of payroll
3 $75,000 3% of payroll
4 $50,000 4% of payroll


ELIGIBILITY

The Advantage Arkansas incentive is available for non-retail businesses engaged in commerce for profit that fall into one or more of the following categories:

  • Manufacturers in NAICS codes 31-33
  • Businesses primarily engaged in the design and development of prepackaged software, digital content production and preservation, computer processing, data preparation services or information retrieval services. Eligible computer-related businesses must derive at least 75 percent of their revenue from out-of-states sales
  • Businesses primarily engaged in motion picture production that derive at least 75 percent of their revenue from out-of-state sales
  • Distribution centers, including e-commerce distributors, that derive at least 75 percent of their revenue from out-of-state sales
  • Office sector businesses that derive at least 75 percent of their revenue from out-of-state sales
  • National or regional headquarters as classified in the NAICS code 551114
  • Firms primarily engaged in commercial, physical and biological research as classified in the NAICS code 541710
  • Scientific and technical services businesses. The firms must derive at least 75 percent of their revenue from out-of-state sales. The average hourly wage paid by these businesses must exceed 150 percent of the county or state average hourly wage, whichever is less.

Applications for the Advantage Arkansas program are available by contracting AEDC's Business Development Division at (501) 682-7675.  Specific requirements of this program can be downloaded at www.arkansasedc.com.  If you have any questions concerning the Advantage Arkansas Program, please call the Arkansas Economic Development Commission at 1-800-ARKANSAS or 501-682-1211.

 

TAX BACK
Sales & Use Tax Refund

Advantage Arkansas participants investing at least $100,000 are eligible for the Tax Back program. This program provides a refund of sales and use taxes for building materials and taxable machinery and equipment associated with the approved project.

The business must sign a job-creation agreement under the Advantage Arkansas program within 24 months of signing the Tax Back agreement or have an existing Advantage Arkansas agreement within the previous forty-eight (48) months.

Applicants for Tax Back must obtain an endorsement resolution from the local governing authority that authorizes the refund of its local taxes. Applicants must meet the same qualification criteria as Advantage Arkansas (above), and must be approved by the Arkansas Department of Economic Development.

InvestArk
Sales and Use Tax Credit

InvestArk is a sales and use tax credit program available to businesses established in Arkansas for two years or longer that invest $5 million or more in plant or equipment for new construction, expansion, or modernization. The business must be approved for the program prior to beginning construction. The business must obtain a direct-pay sales and use tax permit from the State of Arkansas. Total project expenditures must be incurred within four years of the project plan approval. All projects will be audited upon completion to confirm the tax credits.

The sales and use tax credit is a percentage of eligible project cost. A credit against the business' state sales and use tax liability is authorized equal to 1/2 percent above the state sales and use tax rate in effect at the time a financial incentive agreement is signed.

The credit may be used to offset up to 50 percent of the business' sales and use tax liability on taxable purchases. The credit is earned in the year the eligible expenditure is made and can be applied against the business' state direct-pay sales and use tax liability in the year following the year of expenditure. If the entire credit cannot be used, the remainder may be carried forward for five years.

Eligibility

The InvestArk Arkansas incentive is available for non-retail businesses engaged in commerce for profit that fall into one or more of the following categories:

  • Manufacturers in NAICS codes 31-33
  • Businesses primarily engaged in the design and development of prepackaged software, digital content production and preservation, computer processing, data preparation services or information retrieval services. Eligible computer-related businesses must derive at least 75 percent of their revenue from out-of-states sales
  • Businesses primarily engaged in motion picture production that derive at least 75 percent of their revenue from out-of-state sales
  • Distribution centers, including e-commerce distributors, that derive at least 75 percent of their revenue from out-of-state sales
  • Office sector businesses that derive at least 75 percent of their revenue from out-of-state sales
  • National or regional headquarters as classified in the NAICS code 551114
  • Firms primarily engaged in commercial, physical and biological research as classified in the NAICS code 541710
  • Scientific and technical services businesses. The firms must derive at least 75 percent of their revenue from out-of-state sales. The average hourly wage paid by these businesses must exceed 150 percent of the county or state average hourly wage, whichever is less.

Applications for the Advantage Arkansas program are available by contracting AEDC's Business Development Division at (501) 682-7675.  Specific requirements of this program can be downloaded at www.arkansasedc.com.  If you have any questions concerning the Advantage Arkansas Program, please call the Arkansas Economic Development Commission at 1-800-ARKANSAS or 501-682-1211.


Customized Training Incentives

The Business and Industry Training Program of the Arkansas Economic Development Commission (AEDC) provides pre-employment training for Arkansas workers to meet the skills needed in the state's new and expanding businesses. AEDC's Existing Business Resource Team works with the department's Business Development Unit during the negotiation process. After a commitment to the state is made, a Project Manager is assigned to develop the training plan with the business.

The Existing Workforce Training Program (EWTP) provides financial assistance to Arkansas' businesses and eligible consortia of businesses for upgrading the skills of the existing workforce. Skills upgrade training is instruction conducted in a classroom environment at a work site, an educational institution or a neutral location that provides an existing, full-time employee with the new skills necessary to enhance productivity, improve performance, and/or retain employment.

Eligible businesses include:

  • Manufacturers in the NAICS codes 31-33.
  • Computer firms that derive at least 75 percent of their revenue from sales outside of Arkansas and have no retail sales to the general public.
  • Firms primarily engaged in commercial, physical and biological research as defined by NAICS code 541710.


EWTP reimbursements are calculated according to the following criteria. For companies that use a state-supported educational institution, the program pays the lesser of the following: 50 percent of the cost of training paid to the school OR

  • $ 80 per instructional hour, times the number of instructional hours delivered by a full time instructor or trainer; 50 percent or more eligible participants must complete each course.
  • $35 per instructional hour, times the number of instructional hours for safety-related training (regardless of instructor status).
  • $35 per instructional hour, times the number of instructional hours for all courses if fewer than 50 percent of eligible participants complete each course.
  • For companies that use their own employees or company-paid consultants to deliver classroom training to their employees, EWTP offers and Arkansas income tax credit that cannot exceed $25 per instructional hour.


The maximum funding for any one-company site cannot exceed $50,000 per year.

To be considered for EWTP financial assistance, a company must submit an application prior to the beginning of training, provide assurance that the participants involved in the proposed training program possess the requisite literacy skills, and clearly tie the proposed training to specific business goals and performance objectives.

Tuition Reimbursement Tax Credit

Arkansas provides a 30 percent state income tax credit to eligible companies for tuition  reimbursements they make on behalf of employees for approved educational expenses.  The employees must successfully complete the course at an accredited Arkansas post-secondary educational institution.  The credit authorized by this program cannot offset more than twenty-five percent (25%) of the company's state income tax liability in any tax year.

Research and Development

Research & Development with universities

Eligible businesses that contract with one or more Arkansas colleges or universities in performing research may receive an income tax credit of thirty-three percent (33%) of the amount spent on qualified research expenditures.  The income tax credit may be carried forward for nine (9) years beyond the year in which it was earned.

In-House Research & Development

Eligible businesses performing in-house research may receive an income tax credit of twenty percent (20%) of the amount spent on qualified research expenditures for a period of five (5) years.  The income tax credit may be carried forward for nine (9) years beyond the year in which it was earned.

Targeted Business In-House Research & Development

Targeted businesses may also earn transferable income tax credits equal to thirty-three percent (33%) of approved expenditures for in-house research for a period of five (5) years.  The income tax credit may be carried forward for nine (9) years beyond the year in which it was earned.

Recycling Equipment Tax Credit

Act 654 of 1993 allows Arkansas taxpayers to receive an income tax credit for the purchase of equipment used exclusively for reduction, reuse or recycling of solid waste material for commercial purposes, whether or not for profit, and the cost of installation of such equpment by outside contractors.  Such equipment must be used in the collection, separation, processing, modification, conversion, treatment or manufacturing of products containing at least fifty percent (50%) recovered materials of which at least ten percent (10%) is post-consumer waste.

The amount of the tax credit shall equal thirty percent (30%) of the cost of eligible* equipment and installation costs.  Credits may be carried forward for a maximum of three (3) consecutive years following the taxable year in which the credits accrued.

Taxpayers receiving credit under this Act for the purchase of machinery and equipment shall not be entitled to any other state or local tax credit or deduction based on the purchase of the machinery or equipment, except normal depreciation.

     *Eligibility is determined by the Arkansas Department of Environmental Quality (ADEQ).

     For more information, pleaes contact ADEQ at (501) 682-0609

Childcare Facility Tax Incentive

Arkansas offers a tax incentive for businesses that provide childcare for their employees.

A business may choose between two state income tax credit options: 1) a credit of 3.9 percent of the total annual payroll of the employees working in the childcare facility, or 2) a one-time $5,000 state income tax credit for the first year. The income tax credit may be carried forward for two years or until used entirely, whichever occurs first.

In addition to either option, businesses may receive a refund on sales and use taxes on construction materials and furnishings purchased to equip an approved childcare facility.

To qualify for these incentives, the business must be approved to operate an early childcare program.*  The business may choose to operate the facility or contract the operations.

     *Eligibility is determined by the Arkansas Department of Human Services, Division of Child Care and Early Childhood Education.  For more information, please call (501) 682-4891.

Freeport Law

Arkansas's Freeport Law exempts from property tax those finished goods and raw materials in transit or awaiting shipment to out-of-state companies.

Tourism Development

The Arkansas Tourism Development Act provides state sales and use tax credits and income tax credits to businesses initiating approved tourism attraction projects.

Sales tax credits shall be determined in accordance with the following criteria:

  • Eligible minimum project costs must be $1 million, except in high unemployment counties, where it is $500,000.
  • The sales tax credits are calculated based upon 15 percent of eligible project cost for projects spending more than $1 million; credits are 25 percent of eligible project cost for the projects in high unemployment counties.
  • The sales tax credit may be applied against the business's increased sales tax liability that results from the project.
  • Other review criteria may be requested by the Arkansas Economic Development Commission to determine whether the tourism attraction project meets the intent of the Act.


Additionally, eligible businesses may receive a state income tax credit equal to 4 percent of the annual payroll of each new, fulltime, permanent employee who works at least 30 hours per week.

The income tax credits begin in the year in which the new employees are hired. Any unused portion of the credit may be carried forward against corporate income tax for the succeeding nine years.

Applications for the Tourism Development incentive program are available by contracting AEDC's Business Development Division at (501) 682-7675.

Public Roads Improvement Credit

The Arkansas Public Roads Improvement Credit Act of 1999 provides an income tax credit to any individual, fiduciary or corporation subject to Arkansas state income tax that contributes to the Public Roads Incentive Fund of the Economic Development Commission. The contribution may be made to a general improvement fund or designated for a specific project that is approved by the AEDC Executive Director.

The credit cannot exceed 33 percent of the taxpayer's contribution. In any one tax year, the credit cannot exceed 50 percent of the taxpayer's net Arkansas state income tax liability after all other credits and reductions have been calculated. Any amount over 50 percent can be carried forward up to three years.

Discretionary Incentives

Create Rebate Program Negotiated by the Arkansas Economic Development Commission in highly competitive situations.

Create Rebate provides annual cash payments based on a company's annual payroll for new, full-time, permanent employees. The benefit depends on the tier in which the company locates. Jefferson County is a tier four. In each tier of counties, a minimum payroll of new, full-time, permanent employees of $2 million annually is required. The minimum payroll threshold must be met.

Incentives are available after the business has fulfilled the minimum payroll requirements and certified the payroll amount to the Arkansas Department of Finance and Administration.

CREATE REBATE PROGRAM
Tier Benefit Based on Payroll of New, Full-time, Permanent Employees
1 3.9%
2 4.25%
3 4.5%
4 5.0%

 

 

Eligibility

     The Create Rebate incentive is available for non-retail businesses engaged in commerce for profit that fall into one or more of the following

  • Manufacturers in NAICS codes 31-33
  • Businesses primarily engaged in the design and development of prepackaged software, digital content production and preservation, computer processing, data preparation services or information retrieval services. Eligible computer-related businesses must derive at least 75 percent of their revenue from out-of-states sales
  • Businesses primarily engaged in motion picture production with no retail public sales that derive at least 75 percent of their revenue from out-of-state sales
  • Distribution centers, including e-commerce distributors, that derive at least 75 percent of their revenue from out-of-state sales
  • Office sector businesses that derive at least 75 percent of their revenue from out-of-state sales
  • National or regional headquarters as classified in the NAICS code 551114
  • Firms primarily engaged in commercial, physical and biological research as classified in the NAICS code 541710
  • Scientific and technical services businesses. The firms must derive at least 75 percent of their revenue from out-of-state sales. The average hourly wage paid by these businesses must exceed 150 percent of the county or state average hourly wage, whichever is less.

Specific requirements of this program can be downloaded at www.arkansasedc.com.  If you have any questions concerning the Create Rebate Program, please call Michael Almond at the Arkansas Economic Development Commission at 1-800-ARKANSAS or 501-682-5277.


ArkPlus

Offered at the discretion of the director of the Arkansas Economic Development Commission in highly competitive situations.

ArkPlus is a state income tax credit program that provides tax credits of 10 percent of the total investment in a new location or expansion project.

ArkPlus requires both a minimum investment and a minimum payroll of new, full-time, permanent employees hired as a result of the project, depending on the tier in which the business locates. Jefferson County is a tier four county.

Total project expenditures must be incurred within four years of the date the project was approved by AEDC. New, full-time, permanent employees must be hired within 24 months of the date the financial agreement is signed.

The income tax credits may be used to offset 50 percent of the Arkansas income tax liability in the tax year the credit is earned. Any unused credits may be carried forward for nine years beyond the tax year in which the credit was first earned.

 

 

ArkPlus
Tier Minimum Investment Minimum Payroll
1 $5,000,000 $2,000,000
2 $3,750,000 $1,500,000
3 $3,000,000 $1,200,000
4 $2,000,000 $800,000

Eligibility

The ArkPlus incentive is available for non-retail businesses engaged in commerce for profit that fall into one or more of the following categories:

  • Manufacturers in NAICS codes 31-33
  • Businesses primarily engaged in the design and development of prepackaged software, digital content production and preservation, computer processing, data preparation services or information retrieval services. Eligible computer-related businesses must derive at least 75 percent of their revenue from out-of-states sales
  • Businesses primarily engaged in motion picture production that derive at least 75 percent of their revenue from out-of-state sales
  • Distribution centers, including e-commerce distributors, that derive at least 75 percent of their revenue from out-of-state sales
  • Office sector businesses that derive at least 75 percent of their revenue from out-of-state sales
  • National or regional headquarters as classified in the NAICS code 551114
  • Firms primarily engaged in commercial, physical and biological research as classified in the NAICS code 541710
  • Scientific and technical services businesses. The firms must derive at least 75 percent of their revenue from out-of-state sales. The average hourly wage paid by these businesses must exceed 150 percent of the county or state average hourly wage, whichever is less.

Specific requirements of this program can be downloaded at www.arkansasedc.com.  If you have any questions concerning the Create Rebate Program, please call Michael Almond at the Arkansas Economic Development Commission at 1-800-ARKANSAS or 501-682-5277.


Targeted Businesses
Offered at the discretion of the director of the Arkansas Economic Development Commission. Businesses that qualify as "targeted businesses" may qualify for special incentives designed to help new, knowledge-based businesses in their early years.

These discretionary incentives are for start-up companies in emerging sectors:

  • A refund of sales and use taxes paid on the purchase of building materials and machinery and equipment associated with the approved project.
  • A transferable income tax credit equal to 10 percent of payroll for up to five years.
  • Payroll Rebate (Create Rebate) equal to five percent (5%) of the annual payroll paid to new full-time permanent employees
  • Investment Tax Credit (ArkPlus) - Income or Sales/Use tax credit based upon a percentage of investment.
  • A transferable income tax credit equal to 33 percent (33%) of eligible research and development expenditures

Eligibility

Generally, companies must meet the following requirements and do business in one of the six targeted emerging technology sectors listed below, however; each incentive program may have specific qualification criteria:

  • Be less than five years old
  • Have an annual payroll between $100,000 and $1 million
  • Pay wages in excess one-hundred fifty percent (150%) of the state or county average hourly wage where the business is located
  • Meet requisite payroll thresholds


Emerging technology sectors are:

  1. Advanced materials and manufacturing systems, with emphasis on the following:
    1. Photonics
    2. Nanotechnology
    3. Electronics manufacturing
    4. Environmental issues related to material and manufacturing
  2. Agriculture, food and environmental sciences, with emphasis on the following:
    1. Rice
    2. Poultry
    3. Aquaculture
    4. Toxicology
    5. Agriculture medicine
    6. Forestry
    7. Nutrition
    8. Waste minimization
    9. Energy reduction
    10. Distributed energy generation
    11. Spatial technology
  3. Biotechnology, bioengineering and life sciences, with emphasis on the following:
    1. Genetics
    2. Oncology
    3. Geriatrics
    4. Neuroscience
    5. Medical devices
    6. Rehabilitation
    7. Biopharmaceuticals and drug discovery
    8. Protein structure and function
    9. Cell molecular biology
    10. Sensor technology
  4. Information technology, with emphasis on the following:
    1. Knowledge and data engineering
    2. Database systems
    3. Distributed systems
    4. Wireless systems
    5. Software development
    6. State of the art applications of information technology to:
      1. Bioinformatics
      2. Healthcare
  5. Transportation logistics, with emphasis on the following;
    1. Intelligent material handling
    2. Automated systems
    3. Transportation management systems
  6. Bio-based products, with emphasis on the following:
    1. Biodiesel
    2. Ethanol
    3. Methanol
    4. Synthetic crude oil
    5. Adhesives
    6. Polymers
    7. Automotive components
    8. Engineered products from non-traditional biomass sources


If a business falls within one or more of the targeted areas, additional eligibility criteria are:

  • The business must have an annual payroll of not less than $100,000 or more than $1 million
  • The business must show proof of an equity investment of at least $250,000.
  • The business must pay wages that are at least 150 percent of the lesser of the state or county average wage where the business is located.


If a business meets all of the above criteria, the Executive Director of the Economic Development Commission may offer the business one or more of the following incentives:

Sales and Use Tax Refund for Targeted Businesses- Act 182 of 2003 §15-4-2706(e)(1)

This incentive program provides a refund of sales and use taxes paid on the purchases of building materials and taxable machinery and equipment associated with the approved project for targeted businesses, as defined above. This incentive is not available unless the business has been offered and signed an incentive agreement under the job creation income tax credit for targeted businesses program as authorized by § 15-4-2709.

The application for a sales and use tax refund must be accompanied by an endorsement resolution from the local governing authority (city council or quorum court) that authorizes the refund of its local taxes.

Payroll Income Tax Credit for Targeted Businesses- Act 182 of 2003 §15-4-2709
This incentive is offered only at the discretion of the AEDC Executive Director.
The payroll income tax credit for targeted businesses is offered to assist with the start-up of businesses in targeted sectors that pay significantly more than the state or county average wage of the county in which the business locates.  To qualify for this incentive, the business must be included in one of six targeted business sectors as defined above.

The benefit for a qualifying targeted business is a 10 percent income tax credit based on its annual payroll, with a cap of $100,000 per year in earned income tax credits for a business that qualifies and is approved for this incentive. The incentive may be offered for a period not to exceed five years. The five-year period begins on the date the financial incentive agreement is signed and may not extend beyond 60 months from that date. Unlike the other incentives, this targeted payroll income tax credit may include existing employees in the calculation of payroll to qualify for this benefit.

A unique feature of this incentive is the ability of the business that earns the targeted business income tax credit to sell the credits. The business must make application to the AEDC for the sale of credits earned under this section within one year of issuance. Upon approval by the department, the business may sell earned income tax credits within one year of issuance. The AEDC may assist the business in finding a buyer for the tax credits.

Since one of the allowable costs under the research and development tax credits (discussed below) is the salary of a person performing research, a business earning job creation income tax credits for targeted businesses is prohibited from earning research and development tax credits, as authorized by § 15-4-2708 or by § 26-51-1102(b) for the same expenditure.

Payroll Rebate (Create Rebate) for Targeted Businesses:

The payroll rebate incentive payment for targeted businesses is equal to five percent (5%) of the payroll of the new full time permanent employees for a perdiod not to exceed ten (10) years provided that the following conditions are met:

  • The average hoursly wage of the new full-time permanent employees must be at least one hundred seventy-five percent (175%) of the state or county average hourly wage, whichever is less, and
  • The payroll of the new full-time permanent employees exceeds two hundred fifty thousand dollars ($250,000)

The payroll rebate for targeted businesses may not be used in conjunction with the Payroll income tax credit for targeted businesses provided in § 15-4-2709.

Investment Tax Credit Program (ArkPlus) for Targeted Businesses

The ArkPlus program for targeted business provides an income tax credit or a sales and use tax credit based upon the new investment.  The targeted business must:

  • Invest a minimum of two hundred fifty thousand dollars ($250,000) within four (4) years of the effective date of the financial incentive agreement;
  • Create a new payroll of at least two hundred fifty thousand dollars ($250,000); and
  • Pay wages that are at least one hundred seventy-five percent (175%) of the state or county average hourly wage, whichever is less.

The credit earned by the targeted business shall be based upon a percentage of the investment and ranges from two percent (2%) to eight percent (8%) of the investment.

The percentage of the targeted business' tax liability that may be offset, ranging from fifty percent (50%) to one-hundred percent (100%), is determined by the average hourly wage paid to the new full time permanent employees.

Any unused credit may be carried forward for a period not to exceed nine (9) calendar years after the calendar yaer in which it was first earned.

 

Income Tax Credit for In-house Research by a Targeted Business - Act 182 of 2003 § 15-4-2708(c)

Businesses deemed by the department to fit within the six business sectors classified as "targeted businesses" may enter into a financial agreement for income tax credits based on qualified research and development expenditures. An eligible business may be approved for an income tax credit each year equal to 33 percent of the qualified research and development expenditures incurred each year for the first five years of the financial incentive agreement. This incentive is a discretionary incentive and is offered only at the discretion of the AEDC Executive Director. The application for this income tax credit shall include a project plan, which clearly identifies the intent of the project, the expenditures planned, the start and end dates of the project, and an estimate of total project costs. The AEDC is partnering with the Arkansas Science and Technology Authority which will review all applications for R&D tax credits and monitor projects if appropriate.

The AEDC will adhere to some of the federal guidelines for qualifying research for federal tax credits as a guide in determining the eligibility for this state income tax credit.

Qualified research expenditures include in-house expenses for taxable wages paid and supplies used in the conduct of qualified research. Qualified research must satisfy all of the following tests in order to qualify:

  • The activity must be undertaken for the purpose of discovering information which is technological in nature;
  • The application of technological information must be intended to be useful in the new or improved business component; and
  • Substantially all of the activities related to the research effort must constitute elements of a process of experimentation relating to a new or improved function, performance, reliability or quality.


The following activities are specifically excluded from the definition of qualified research:

  • Any research conducted after the beginning of commercial production;
  • Research adapting an existing product or process to a particular customer's need;
  • Duplication of an existing product or process;
  • Surveys or studies;
  • Research related to certain internal-use computer software;
  • Research conducted outside of Arkansas; and
  • Research in the social sciences, arts or humanities.


Qualified wages are taxable wages paid to a full-time permanent employee for performing qualified services.
Qualified services are services of employees who are:

  • Engaging in qualified research, which means the actual conduct of qualified research;
  • Engaging in the direct supervision of qualified research, which means the immediate supervision (first-line management) of qualified research; and
  • Engaging in the direct support of research activities that constitute qualified research.


The qualified services must be in the direct support of either A) persons engaging in the actual conduct of qualified research or B) persons who are directly supervising persons engaging in the actual conduct of qualified research.

Direct support of research activities does not include general administrative services or other services only indirectly of benefit to the research activity.

As with the job creation income tax credits for targeted businesses, the income tax credit for research and development earned by targeted businesses may be sold. The business must make application to the AEDC for the sale of credits earned under this section within one year of issuance. Upon application and approval by the department, the business may sell earned income tax credits within one year of issuance. The AEDC may assist the targeted business in finding a buyer for the tax credits.

A targeted business earning research and development tax credits is prohibited from earning job creation tax credits, as authorized by § 15-4-2709 or research tax credits as authorized by §15-4-2708(a), for the same expenditure.

Combination with other incentives: The income tax credit for research by a targeted business authorized by 15-4-2708 (c) may not be used with:

  • Other in-house research and development incentives as authorized by §15-4-2708(b) or §15-4-2708(d)(1)(A); or
  • Any other incentive in Act 182 of 2003 (Consolidated Incentive Act of 2003) for the same expenditures.

To view all of the specific requirements of these programs, you may download the current "Rules and Regulations," "Tier Map" and "County Wage Thresholds" from the AEDC's web site at www.arkansasedc.com.


Non-Profit Incentive Program
Offered at the discretion of the Executive Director of the Arkansas Economic Development Commission

The primary purpose of the Non-Profit Incentive Program is to encourage the location or expansion of national or regional non-profit headquarters in Arkansas.

Eligible non-profit organizations must create a payroll for new, full-time, permanent employees of at least five-hundred thousand dollars ($500,000) and pay an average wage in excess of 110 percent of the state or county average wage (whichever is less) in the county in which the organization locates or expands. In addition, the non-profit organization must receive 75 percent of its income from out-of-state sources.

If offered, this program provides an incentive payment (payroll rebate) equal to 4 percent of payroll of the new, full-time, permanent employees for a period of up to five years.

In addition to the payroll rebate, this program also provides a sales and use tax refund for eligible projects that invest a minimum of two-hundred fifty thousand dollars ($250,000). The refund is eligible for taxes paid on construction materials, and machinery and equipment associated with the approved project.

Eligibility

Organizations that have been approved by the Arkansas Secretary of State as having met the qualifications for a non-profit organization in Arkansas and which has also received a 501(c)(3), 501(c)(6) or 501(c)(9) designation from the United States Internal Revenue Service.

If you have any questions concerning the Non-Profit Incentive Program, please call Michael Almond at the Arkansas Economic Development Commission at 501-682-5277.

Bond Financing (Amendment 82)

In November 2004, Arkansas voters overwhelmingly approved an amendment to the state constitution to help attract new companies to Arkansas. Amendment 82 provides eligible companies bond financing to assist with infrastructure costs associated with locating their operations to Arkansas.  The state can issue bonds to fund a prospect's infrastructure needs through the Arkansas Development Finance Authority, limited to five percent (5%) of net general revenues during the most recent fiscal year.

AEDC will perform a comprehensive cost-benefit analysis to determine the level of incentives the state can use to compete for the project and still obtain a good return on the state's investment.

In order to be considered for qualifying for Amendment 82 bond financing, the prospective company must be a non-retail business engaged in commerce for profit that falls into one or more of the following categories:

  • Manufacturers in NAICS codes 31-33
  • Businesses primarily engaged in the design and development of prepackaged software, digital content production and preservation, computer processing, data preparation services or information retrieval services. Eligible computer-related businesses must derive at least 75 percent of their revenue from out-of-states sales
  • Businesses primarily engaged in motion picture production that derive at least 75 percent of their revenue from out-of-state sales
  • Distribution centers, including e-commerce distributors, that derive at least 75 percent of their revenue from out-of-state sales
  • Office sector businesses that derive at least 75 percent of their revenue from out-of-state sales
  • National or regional headquarters as classified in the NAICS code 551114
  • Firms primarily engaged in commercial, physical and biological research as classified in the NAICS code 541710
  • Scientific and technical services businesses. The firms must derive at least 75 percent of their revenue from out-of-state sales. The average hourly wage paid by these businesses must exceed 150 percent of the county or state average hourly wage, whichever is less.

Source: Arkansas Economic Development Commission,

http://arkansasedc.com/business-development/incentives.aspx

June 19, 2012. 

Income Data
INCOME DATA
  Per Capita Personal Income (2011)
Pine Bluff $30,866
Jefferson County $31,627
State of Arkansas $33,740
United States $41,560


Sources of Income:
 The Arkansas Dept. of Workforce Services reports employment income for Jefferson County for calendar year 2012 (latest):

 

SOURCES OF INCOME
Source Average Employment Average Weekly Earnings
Natural Resources & Mining 307 $1,029.62
Construction 1,043 $1,287.67
Manufacturing 5,521 $828.68
Wholesale Trade 978 $880.61
Retail Trade 3,243 $474.97
Transportation, Warehousing & Utilities 959 $1016.59
Information 121 $643.90
Financial Activities 1,120 $830.34
Professional & Business Services 1,588 $657.19
Education & Health Services 5,249 $652.46
Leisure & Hospitality 1,889 $234.65
Other Services 621 $528.33
Local Government 3,050 $630.21
State Government 3,355 $702.28


Pine Bluff MSA

According to the US Department of Labor's Bureau of Labor Statistics, the Pine Bluff Metropolitan Statistical Area (MSA) now includes Cleveland and Lincoln counties in addition to Jefferson County. This brings the Pine Bluff MSA population to 100,258. The MSA civilian labor force (Dec 2011) totals 43,000.
 

Major Employers
MAJOR EMPLOYERS
Jefferson Regional Medical Center (medical center) 1,575 employees
Tyson Foods (poultry products) 1,500 employees
Ark. Dept. Of Correction (correctional facility & administrative) 1,430 employees
Evergreen Packaging, Inc. (paperboard mill) 1,040 employees
Pine Bluff School District (public education) 860 employees
U.S. Army - Pine Bluff Arsenal (army depot) 820 employees
NCTR (Federal research laboratory) 700 employees
University of Arkansas at Pine Bluff (state university) 650 employees
Union Pacific Railroad (main line railroad) 610 employees
Central Moloney, Inc. (electric transformers) 550 employees
Wal-Mart Supercenter (retail store) 525 employees
Jefferson County Images Magazine

The 2013 issue of Jefferson Co, Arkansas Business Images is out and now available online!


It highlights new economic development growth, innovative technology and progressive business leaders in Jefferson County, Arkansas, providing you with a powerful tool to tell others about your region.

We encourage you to share the online guide with individuals or corporations who may be interested in relocating to Jefferson County. We all have a stake in promoting what’s wonderful about Jefferson County and this guide provides a perfect way to do that.

Share the online digital version of Jefferson County, Arkansas Business Images 2013 on your website, in newsletters, announcements, or through social media.

To find more photos and in-depth information about Jefferson County’s education, health and quality of life, or share it, click on the image.
 

It’s the economic success story of your community. Read it. Enjoy it. Share it.

 

 

 

 

Site Selection

  • chemistry-glassware.jpeg
    The state of Arkansas operates the way businesses do, proactively anticipating opportunities and quickly responding to challenges in innovative ways to support and grow business & industry.
    More about Incentives/Taxation
  • DSC0738-L.jpg
    Jefferson County, Arkansas has several major employers that employ more than 1,000 full-time employees. View the Major Employers list to see what Jefferson County has to offer.
    More about Major Employers
  • DSC0031-M.jpg
    Population within a 50-mile radius of Pine Bluff is 746,180 (based on 2010 Census Data). The 12-county Metro Little Rock Region, of which Jefferson County is a part, has a population of over …
    More about Workforce Information
  • Sandhog-M.jpg
    Whether you are looking for information regarding Utilities & Services, Public Safety, Transportation, or Communications, Jefferson County, Arkansas offers it all!
    More about Infrastructure
  • Fall-Saracen-Landing-M.jpg
    Lots of exciting things are happening in Pine Bluff and Jefferson County that are increasing revenues. View this topic to learn more about the progress happening in Jefferson County, Arkansas.
    More about Quality of Life
  • SFNB-Incubator-M.jpg
    The Economic Development Alliance of Jefferson County is dedicated to expanding the industrial and economic base of Pine Bluff and Jefferson County, Arkansas.
    More about Area Statistics