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State Focus: Arkansas – Easy To Reach, Easy To Grow

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Arkansas offers companies a strong transportation network with intersecting Interstates, rail access and water transportation. In Arkansas, you will find: 1,000 miles of navigable waterways. Four ports are located along the Arkansas River in Fort Smith, Little Rock, North Little Rock and Pine Bluff. Hunt and ABF Freight Systems.

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Industry Focus: Food Processing – The Process Of Consistency

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Indiana is a “Right to Work” state and, in recent years, has enacted constitutional property tax caps and reduced the state’s corporate income tax. ARKANSAS IS A NATURAL FOR FOOD PROCESSING BUSINESS. In Arkansas, leaders will find: 1,000 miles of navigable waterways. Arkansas has the tools that help businesses succeed.

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State by State Incentives Guide

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Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

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STATE INCENTIVES GUIDE

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INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

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Oklahoma Incentives and Workforce Development Guide

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At least 51% of the new jobs must be made available to low and moderate-income persons. Sales/Income Tax Credit for Tourism Attraction Projects: The Oklahoma Tourism Development Act provides an incentive for qualified new or expanding tourism facilities and attractions. Tax Increment Financing and local incentives vary by location.

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COVER STORY: Editors’ Location Picks

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Competitive wages and Arkansas’ right-to-work environment provide an excellent workforce environment for businesses. The Little Rock National Airport, less than three miles from downtown, is Arkansas’ largest commercial service airport, serving approximately 2.1 million passengers annually. million passengers annually.

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