Area Development placed Arkansas in its top 10 states in two areas: business incentives and improved economic development. The publication cited the state’s willingness to work with businesses and support them in the long term.
Keeping growth and development in mind, Arkansas has put several business incentives in place. Incentives include tax credits, tax exemptions, and tax reductions. Cash rebates are also available to businesses that qualify.
The state prioritizes a business-friendly environment and has focused on making it easier to start, maintain, and grow a business. In recent years, Arkansas has restructured its administrative processes, making interactions with the state simpler for businesses.
Arkansas policymakers understand that education is key to economic growth and have worked to ensure an educated workforce. The state provides grants to high schools, two-year colleges, and technical schools to fund the education of skilled workers in high-demand fields.
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