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Expand or Relocate to Arkansas
      

Arkansas Business Data

Relocate or Expand to Arkansas

AR business climate, manufacturer incentives, and advantages of local communities

Business Data for Arkansas


Population
2,889,450

Total Labor Force
1,362,030

Unemployment Rate
3.8%

# Manufacturers
3,163

Manufacturing Jobs
199,422

Right to Work
Yes

Unemp. Insurance Tax
1.2–11.1%


Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
Tax on net income: 1% on 1st $3,000; 2% on next $3,000; 3% on next $5,000; 5% on next $14,000; 6% on next $75,000; 6.5% over $100,000

Sales Tax
6%. Exemptions include: Machinery used directly in manufacturing; pollution control equipment.; natural gas and/or electricity used in the manufacture of following materials/products: aluminum by electrolytic reduction process, glass, chlorine and other chemicals using a chlor-alkali process, and tires. Partial exemption on manufacturers' use of natural gas and electricity for other materials.

Property Tax
State collects no property taxes. Properties are taxed on the city and county level based on 20% of truer market value and the average value of manufacturers' inventories based on millage rates in a given school district.

Leading Mfg. Industries
(by # of employees)
25% Food and kindred products
10% Apparel and other textile products
8% Industrial machinery and equipment
8% Fabricated metal products
7% Rubber and miscellaneous plastic products

Largest Mfg. Employers
(by # of employees)
Wal-Mart Stores, Inc. (Bentonville) - 17,550
Tyson Foods, Inc. (Springdale) - 4,200
Tenaris-Hickman Corp. (Blytheville) - 2,100
George's, Inc. (Springdale) - 2,100
Cooper Tire & Rubber Company (Texarkana) - 1,840
 
Counties with the Most Mfg. Jobs
Benton - 31,314
Pulaski - 25,735
Washington - 19,581
Sebastian - 13,119
Mississippi - 8,525

Cities with the Most Mfg. Jobs
Bentonville - 18,455
Little Rock - 15,498
Springdale - 14,152
Fort Smith - 12,603
Rogers - 7,098

Mfg. Related Business Incentives
• Biotechnology Development Credit
• Advantage Arkansas Job Creation Credit
• "Tax Back" Sales Tax Refund for expanding eligible businesses and "Tax Back" Sales Tax Refund for targeted businesses
• Research & Development with Universities Tax Credit
• Manufacturers' Investment Tax Credit
• Emerging Technology Development Tax Credit
• Existing Workforce Training Act Tax Credit
• Enterprise Zone Program
• Youth Apprenticeship Training Program
• Arkansas Community and Economic Development Program (ACEDP)
• State Community Development Block Grants
• Industrial Revenue Bonds
• Economic Infrastructure Fund
• ASTA Investment Fund
• Venture Capital Investment Fun
• Tax Increment Financing (TIF)
• Arkansas Risk Capital Matching Fund

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from Arkansas

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Machinery Movers & Riggers-Heavy Haulers-Installers-Millwrights
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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