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State Focus – Arkansas: Expect the Unexpected

Buisness Facilities Contributed Content

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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$1.1B Steel Plant for Arkansas

Construction Knowledge

Other state incentives include: sales tax refunds on building materials, taxable machinery and equipment used in the project; a 4 percent income tax credit based on new payroll jobs for five years; $10 million from the Governor’s Quick Action Closing Fund; $5 million from the Department of Workforce Services Trust Fund to be used for training; (..)

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The Construction Workforce Future: Where Will They Come From?

Carol Hagen

Here are a few upcoming career day events: Arkansas Construction Career Days Sept 12-13, 2012. We need heavy equipment (and operators), concrete, steel, utility, electrical, plumbing, carpentry, masonry, and even general contractors there so the kids can see the diversity and income the construction industry has to offer.

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State by State Incentives Guide

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Industrial Revenue Bonds: May be used as long-term financing of up to 100% of a project for: Acquisition of land, buildings, site preparation and improvements; Construction of buildings; Acquisition and installation of furnishings, fixtures and equipment; Capitalizable soft costs (e.g., The tax for existing entities accrues as of Jan.

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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.

Income 75
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Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

At least 51% of the new jobs must be made available to low and moderate-income persons. Benefits include tax exemption on the purchase of machinery and equipment, goods consumed in manufacturing process and energy used in the manufacturing process. (68 Companies must pay at least 110% of average county wage for all new jobs.

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COVER STORY: Editors’ Location Picks

Buisness Facilities Contributed Content

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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