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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
1,379,592

Unemployment Rate
3.5%

# Manufacturers
2,984

Manufacturing Jobs
194,768

Right to Work
Yes

Unemp. Insurance Tax
1.2–11.1%


Manufacturing stats updated on 11/13/2017. All other data updated on 11/13/2017. 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% Fabricated metal products
8% Industrial machinery and equipment
7% Transportation equipment

Largest Mfg. Employers
(by # of employees)
Wal-Mart Stores, Inc. (Bentonville) - 17,550
George's, Inc. (Springdale) - 2,100
Tyson Foods, Inc. (Springdale) - 2,000
Dassault Falcon Jet Corp. (Little Rock) - 1,800
Cooper Tire & Rubber Company (Texarkana) - 1,792
 
Counties with the Most Mfg. Jobs
Benton - 30,592
Pulaski - 25,406
Washington - 18,748
Sebastian - 11,948
Mississippi - 7,367

Cities with the Most Mfg. Jobs
Bentonville - 18,406
Little Rock - 15,238
Springdale - 13,328
Fort Smith - 11,417
Jonesboro - 7,010

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
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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