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State Focus – Arkansas: Expect the Unexpected

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W hether you call it The Natural State or The Land of Opportunity, Arkansas has something for everyone. Siloam Springs sits along US Highway 412, one of the busiest entryways into the state and a main thoroughfare in Arkansas. The Northwest Arkansas Regional Airport (XNA) is a short 20 minute drive from Siloam Springs.

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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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$1.1B Steel Plant for Arkansas

Construction Knowledge

ENR reported today that Big River Steel, LLC plans to build a $1.1B US plant that will convert scrap steel to new steel. Located on the Mississippi River, the plant will employ 525 workers. This is the type of exciting project I wrote about in my previous post.

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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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COVER STORY: Editors’ Location Picks

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Two of the leading employers, UPMC and West Penn Allegheny Health System, together account for more than 50,000 jobs. Little Rock, AR is a center for several major employers in a variety of industries including healthcare, service, government and agriculture. A burgeoning health care industry drives the regional economy in Pittsburgh.

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Oklahoma Incentives and Workforce Development Guide

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Small Employer Quality Jobs Program: Provides incentive payments to a qualifying small employer. At least 51% of the new jobs must be made available to low and moderate-income persons. The payments may reach as high as 5% of new taxable payroll and last for up to seven years. Tax Incentives. 68 O.S. §§ 1359, 1359.2