Pine Bluff Arsenal

Industry Day

Arkansas Economic Development Commission

Little Rock, Arkansas

06/2018

Arkansas Economic Development Commission | ArkansasEDC.com

Arkansas Team

Clint O’NealExecutive V.P.

Bentley StoryBusiness Development Director

Steven LammProject Manager

Col. (Ret) Rob AtorMilitary Affairs Director

Mike PrestonExecutive Director

Governor Asa Hutchinson

Katherine HolmstromSr. Project Manager

Arkansas Economic Development Commission | ArkansasEDC.com

Arkansas Delegation

Tom CottonUS Senator

John BoozmanUS Senator

French HillUS Congressman (Dist. 2)

Rick CrawfordUS Congressman (Dist. 1)

Steve WomackUS Congressman (Dist. 3)

Bruce WestermanUS Congressman (Dist. 4)

State Overview Landscape

Arkansas Economic Development Commission | ArkansasEDC.com

State Overview Attractions

Duck Hunting Capital of

the World

Oaklawn Park

Crystal Bridges Museum

of American Art

Alotian

Arkansas Economic Development Commission | ArkansasEDC.com

State Overview Infrastructure

Arkansas Economic Development Commission | ArkansasEDC.com

Arkansas Economic Development Commission | ArkansasEDC.com

State Overview Fortune 500

Arkansas Economic Development Commission | ArkansasEDC.com

State Overview Recent Success

Arkansas Economic Development Commission | ArkansasEDC.com

State Overview Defense Industry

Arkansas Economic Development Commission | ArkansasEDC.com

State Overview Military Installations

Employment

Little Rock Air Force Base (1957) 8,000

Home of the C-130 – E/H/J C-130 models

Camp Robinson Army Base (1917) 1,700

Home of the Arkansas National Guard

Pine Bluff Arsenal Army Base (1941) 852

Chemical & Biological Defense Equipment

Manufacturing, Repair & Storage

Pyrotechnic, Illumination & Smoke Ammunition

Manufacturing & Storage

Ebbing Air National Guard Base (1953) 1,000

MQ-9 Reaper; Intelligence, Surveillance,

and Reconnaissance and Targeting

Arkansas Economic Development Commission | ArkansasEDC.com

State Overview Education

Arkansas Economic Development Commission | ArkansasEDC.com

State Overview Business Climate

40% of the US Population Within a Day’s Drive

3rd Lowest Cost of Living Index

7th Ranked in Quality of Life

7th Lowest Cost of Doing Business

9th Highest % of Workforce in Manufacturing

Military Retirement Income Tax Exemption

Income Tax Cut Signed in 2017

Balanced Budget Since 1945

Robust incentive programs

Fully funded

Customization to maximize company benefit

Offer is implemented expeditiously

Recent legislative changes have increased state and local

ability to provide incentive packages that will compete with

any state

State Incentives

Arkansas Economic Development Commission | ArkansasEDC.com

Example #1:

96 Jobs @ $63,000

$10M Capital Investment

$932,140 Payroll Rebate

$1,000,000 Infrastructure Grant

$44,694 Sales Tax Refund

$50,000 Training Grant

$2,026,834 Total

Example #2:

25 Jobs @ $55,000

$53M Capital Investment

$119,028 Income Tax Credits

$350,000 Infrastructure Grant

$260,050 Sales Tax Refund

$729,078 Total

State Incentives Case Studies

Arkansas Economic Development Commission | ArkansasEDC.com

Arkansas Economic Development Commission

900 W Capitol Avenue | Suite 400 | Little Rock, AR 72201

ArkansasEDC.com | 1-800-Arkansas