Buisness Facilities Contributed Content

APRIL 15, 2014

Effective for facilities placed into service between January 1, 2011 and December 31, 2015. This program allows an approved business to offer an income tax credit to investors purchasing an equity investment in the business. The credit is capped at the lesser of $15 million or 25% of costs to establish the facility.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

Companies must be less than 5-years old; have an annual payroll between $100,000 and $1 million; show proof of an equity investment of at least $250,000; pay at least 150 percent of the lesser of the state or county average hourly wage where the business is located; and meet requisite payroll thresholds. Employees must be Arkansas taxpayers.

Income 75

Income Finance Zoning Equipment 75

Business Facilities

AUGUST 1, 2014

Construction officially started on the $600-million facility in April 2013 and aircraft assembly is planned to begin in 2015, with a targeted 2016 delivery of its first A320 jetliner. Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009.

Metro 111

Metro Detroit Austin Baltimore 111