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Businesses interested in locating or expanding in the South
Logan County area may be eligible for state or local
incentives.
State incentives are
offered at the discretion of the
Arkansas Department of Economic Development. These
incentives are based on a number of factors and vary from
industry to industry.
Local incentives are
offered at the discretion of the Booneville Development
Corporation's Industrial Committee and are based upon, but not
limited to, the following: net new jobs creation, company
investment, new payroll created as result of the project and
industry type.
The goal of the BDC is
to be responsive to the specific needs of each prospect.
Incentives that may be offered vary according to the
individual needs of the industry, but may include:
infrastructure improvements, utility connections, costs
associated with relocation, or others.
In order to properly
evaluate a request, a business seeking local incentives may be
asked to provide relevant information about both the company
and its project plans: detailed business plans, net number of
new full time jobs expected to be created within first 24
months of operation, estimated payroll, and project
investment. |
