reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 5 - ARKANSAS ACCELERATION FUND ACT (§§ 15-3-501 — 15-3-505) › Section 15-3-503 - Advice and recommendations

(a)
The Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission shall advise the Governor, the General Assembly, the Arkansas Economic Development Commission, and other agencies responsible for programs enumerated in subsection (b) of this section.
(b)
(1)
The board shall make recommendations regarding support and assistance for the accelerated growth of knowledge-based and high-technology jobs in the state through focused funding of the state's initiatives and programs.
(2)
For funds in or allocated to the Arkansas Acceleration Fund, §
19-5-1243
, the board shall make recommendations to the commission regarding the allocation or reallocation of funds and moneys for programs and initiatives authorized by the:
(A)
Arkansas Research Alliance Act, §
15-3-301
et seq.;
(B)
Innovate Arkansas Fund, §
19-5-1237
;
(C)
Venture Capital Investment Act of 2001, §
15-5-1401
et seq.;
(D)
Supplemental science, technology, engineering, and math fund grants under §
6-17-2701
et seq.;
(E)
Existing programs of the commission authorized under §
15-3-101
et seq., §
15-3-201
et seq., and §
15-3-401
et seq.;
(F)
[Repealed.]
(G)
Any other programs or activities aimed at the creation of knowledge-based and high-technology jobs;
(H)
Arkansas Business and Technology Accelerator Act, §
15-3-601
et seq.; and
(I)
Arkansas Small Business Innovation Research Matching Grant Program, §
15-3-701
et seq.
Amended by Act 2019, No. 925,§ 1, eff. 7/24/2019.
Amended by Act 2019, No. 237,§ 2, eff. 7/24/2019.
Amended by Act 2017, No. 166,§ 1, eff. 10/1/2017.
Amended by Act 2017, No. 165,§ 1, eff. 10/1/2017.
Amended by Act 2017, No. 167,§ 2, eff. 8/1/2017.
Amended by Act 2015EX1, No. 8,§ 88, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 88, eff. 7/1/2015.
Amended by Act 2013, No. 1095,§ 1, eff. 4/11/2013.
Acts 2011, No. 706, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 5 - ARKANSAS ACCELERATION FUND ACT (§§ 15-3-501 — 15-3-505) › Section 15-3-504 - [Repealed]

Repealed by Act 2013, No. 1095,§ 2, eff. 4/11/2013.
Acts 2011, No. 706, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 5 - ARKANSAS ACCELERATION FUND ACT (§§ 15-3-501 — 15-3-505) › Section 15-3-505 - [Repealed]

Repealed by Act 2017, No. 167,§ 3, eff. 8/1/2017.
Amended by Act 2015EX1, No. 8,§ 89, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 89, eff. 7/1/2015.
Amended by Act 2013, No. 1095,§ 3, eff. 4/11/2013.
Acts 2011, No. 706, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 6 - ARKANSAS BUSINESS AND TECHNOLOGY ACCELERATOR ACT (§§ 15-3-601 — 15-3-608) › Section 15-3-601 - Title

This subchapter shall be known and may be cited as the "Arkansas Business and Technology Accelerator Act".
Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 6 - ARKANSAS BUSINESS AND TECHNOLOGY ACCELERATOR ACT (§§ 15-3-601 — 15-3-608) › Section 15-3-602 - Legislative findings

The General Assembly finds that:
(1)
Corporate growth requires the infusion of innovative ideas, products, and services;
(2)
A critical component of creating high-skilled, high-wage jobs is the encouragement of the Arkansas innovation entrepreneurial ecosystem to develop technological products and services;
(3)
Economic growth can be fostered by linking innovative new ideas, products, and services by entrepreneurs and start-up companies to corporate sponsors seeking the commercialization of new products and services; and
(4)
An inducement, in the form of a grant program, is needed to encourage Arkansas businesses to sponsor business and technology programs to mentor start-up companies, resulting in an infusion of new products and services to fuel corporate growth.
Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 6 - ARKANSAS BUSINESS AND TECHNOLOGY ACCELERATOR ACT (§§ 15-3-601 — 15-3-608) › Section 15-3-603 - Definitions

As used in this subchapter:
(1)
"Business and technology accelerator" means a full-time, immersive program administered by an eligible applicant to potentially invest in, mentor, and accelerate commercial development of start-up businesses;
(2)
"Business and technology accelerator grant" means a discretionary grant of up to two hundred fifty thousand dollars ($250,000) for each approved business and technology accelerator application; and
(3)
"Eligible applicant" means an entity that is:
(A)
Registered as a business entity in good standing with the Secretary of State; and
(B)
Principally engaged in one (1) or more of the following categories of business or industry:
(i)
A manufacturer classified in sectors 31-33 of the 2012 North American Industry Classification System;
(ii)
A business that:
(a)
Is primarily engaged in the design and development of prepackaged software, digital content production and preservation, computer processing and data preparation services, or information retrieval services; and
(b)
Derives at least seventy-five percent (75%) of its sales revenue from out of state;
(iii)
An office sector business whose business operations support primary business needs, including without limitation customer service, credit accounting, telemarketing, claims processing, and other administrative functions that:
(a)
Is a nonretail business; and
(b)
Derives at least seventy-five percent (75%) of its sales revenue from out of state;
(iv)
A national or regional corporate headquarters as classified in code 551114 of the 2012 North American Industry Classification System;
(v)
A scientific and technical services business that derives at least seventy-five percent (75%) of its sales revenue from out of state;
(vi)
A firm primarily engaged in commercial, physical, and biological research as classified in code 541711 or code 541712 of the 2012 North American Industry Classification System;
(vii)
A firm engaged in one (1) or more of the following categories:
(a)
Advanced materials and manufacturing systems;
(b)
Agriculture, food processing, and environmental sciences;
(c)
Biotechnology, bioengineering, and life sciences;
(d)
Information technology;
(e)
Transportation logistics; and
(f)
Internet-enabled technology or service solutions for one (1) or more of the categories described in subdivisions (3)(B)(vii)
(a)-(e)
of this section; and
(viii)
A business primarily engaged in operating combustors and incinerators for the disposal of nonhazardous solid waste, as classified in code 562213 of the 2022 North American Industry Classification System.
Amended by Act 2023, No. 834,§ 1, eff. 8/1/2023.
Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 6 - ARKANSAS BUSINESS AND TECHNOLOGY ACCELERATOR ACT (§§ 15-3-601 — 15-3-608) › Section 15-3-604 - Administration

(a)
(1)
The Arkansas Business and Technology Accelerator Grant Program is created.
(2)
The Division of Science and Technology of the Arkansas Economic Development Commission shall administer the program.
(b)
The division shall:
(1)
Create application forms to be submitted by eligible businesses seeking a business and technology accelerator grant from the program;
(2)
Devise an application process that:
(A)
Defines the eligibility criteria for a business and technology accelerator grant; and
(B)
Establishes application submittal and review processes;
(3)
Define a process by which business and technology accelerator grants may be awarded; and
(4)
Execute standard legal grant agreements and other documentation governing the disbursement and use of business and technology accelerator grants.
Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 6 - ARKANSAS BUSINESS AND TECHNOLOGY ACCELERATOR ACT (§§ 15-3-601 — 15-3-608) › Section 15-3-605 - Application requirements

(a)
To request a business and technology accelerator grant under this subchapter, an applicant shall complete and submit the application forms prescribed by the Division of Science and Technology of the Arkansas Economic Development Commission under §
15-3-604
.
(b)
An applicant shall submit an application for each proposed business and technology accelerator grant.
(c)
The division shall:
(1)
Review applications:
(A)
In order of receipt, as determined by the date and time stamp of receipt; and
(B)
In accordance with rules promulgated by the division under §
15-3-608
;
(2)
Not consider an incomplete or noncompliant application and shall return an incomplete or a noncompliant application without further review;
(3)
Review each application with the advice and recommendation of the Commercialization Committee of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission; and
(4)
Provide advice to the Director of the Arkansas Economic Development Commission concerning the applications for business and technology accelerator grants reviewed by the division.
(d)
(1)
Applications submitted to the division are subject to the Freedom of Information Act of 1967, §
25-19-101
et seq.
(2)
To the extent an applicant believes that information in an application is confidential or otherwise exempt under the Freedom of Information Act of 1967, §
25-19-101
et seq., the applicant shall specifically designate in writing the information the applicant believes to be confidential or exempt and the basis for the confidentiality or exemption on that portion of the application in which the information appears.
Amended by Act 2019, No. 910,§ 351, eff. 7/1/2019.
Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 6 - ARKANSAS BUSINESS AND TECHNOLOGY ACCELERATOR ACT (§§ 15-3-601 — 15-3-608) › Section 15-3-606 - Business and technology accelerator grant awards

(a)
A business and technology accelerator grant awarded under this subchapter:
(1)
Shall not:
(A)
Be awarded under this subchapter unless offered in writing by the Director of the Arkansas Economic Development Commission; and
(B)
Exceed two hundred fifty thousand dollars ($250,000); and
(2)
Subject to funding and the discretion of the director, may be offered to an eligible applicant that successfully completes the application process.
(b)
The business and technology accelerator grant agreement between the Division of Science and Technology of the Arkansas Economic Development Commission and the eligible applicant shall delineate all requirements of the business and technology accelerator grant.
(c)
Disbursements for business and technology accelerator grants shall be made on a reimbursable basis, payable when invoices and financial reports are submitted to the division.
Amended by Act 2019, No. 910,§ 353, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 352, eff. 7/1/2019.
Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 6 - ARKANSAS BUSINESS AND TECHNOLOGY ACCELERATOR ACT (§§ 15-3-601 — 15-3-608) › Section 15-3-607 - Program funding

Business and technology accelerator grants awarded under this subchapter are limited by the amount of funds allocated to the Arkansas Business and Technology Accelerator Grant Program created under this subchapter.
Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 6 - ARKANSAS BUSINESS AND TECHNOLOGY ACCELERATOR ACT (§§ 15-3-601 — 15-3-608) › Section 15-3-608 - Rules

The Division of Science and Technology of the Arkansas Economic Development Commission shall promulgate rules to implement and administer this subchapter.
Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 7 - ARKANSAS SMALL BUSINESS INNOVATION RESEARCH MATCHING GRANT PROGRAM (§§ 15-3-701 — 15-3-709) › Section 15-3-701 - Title

This subchapter shall be known and may be cited as the "Arkansas Small Business Innovation Research Matching Grant Program".
Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 7 - ARKANSAS SMALL BUSINESS INNOVATION RESEARCH MATCHING GRANT PROGRAM (§§ 15-3-701 — 15-3-709) › Section 15-3-702 - Legislative findings

The General Assembly finds that:
(1)
The federal Small Business Innovation Research Program encourages innovative small businesses to engage in federal research and commercialization that has the potential for technological innovation and commercialization;
(2)
Stimulating research and commercialization grows the economy by leveraging investment, creating exportable products and services, and creating and retaining high-wage, high-tech jobs in moderately and highly skilled occupations;
(3)
Arkansas consistently ranks poorly among states in the number of federal Small Business Innovation Research grants awarded; and
(4)
An inducement, in the form of a matching grants program, is needed to encourage Arkansas businesses to apply for federal Small Business Innovation Research grants and realize economic benefits of commercialized research.
Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 7 - ARKANSAS SMALL BUSINESS INNOVATION RESEARCH MATCHING GRANT PROGRAM (§§ 15-3-701 — 15-3-709) › Section 15-3-703 - Definitions

As used in this subchapter:
(1)
"Eligible business" means a for-profit business that:
(A)
Is registered as a business entity in good standing with the Secretary of State; and
(B)
Has its principal place of business in Arkansas;
(2)
"Matching grant" means a discretionary grant of up to fifty percent (50%) of the amount of a federal Small Business Innovation Research grant for each approved matching grant application;
(3)
"Principal investigator/project manager" means the primary individual designated by an eligible business to provide the scientific and technical direction to a project supported by a matching grant; and
(4)
"Small Business Innovation Research Program" means the federal program administered by the United States Small Business Administration according to regulations adopted pursuant to
15 U.S.C. § 638
, as it existed on October 1, 2016, which provides funds for Phase I and Phase II Small Business Innovation Research grants through participating federal agencies.
Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 7 - ARKANSAS SMALL BUSINESS INNOVATION RESEARCH MATCHING GRANT PROGRAM (§§ 15-3-701 — 15-3-709) › Section 15-3-704 - Administration

(a)
(1)
The Arkansas Small Business Innovation Research Matching Grant Program is created.
(2)
The Division of Science and Technology of the Arkansas Economic Development Commission shall administer the program.
(b)
The division shall:
(1)
Create application forms to be submitted by eligible businesses seeking a matching grant from the program;
(2)
Devise an application process that:
(A)
Defines the eligibility criteria for a matching grant; and
(B)
Establishes application submittal and review processes;
(3)
Define a process by which matching grants may be awarded; and
(4)
Execute standard legal grant agreements and other documentation governing the disbursement and use of matching grants.
Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 7 - ARKANSAS SMALL BUSINESS INNOVATION RESEARCH MATCHING GRANT PROGRAM (§§ 15-3-701 — 15-3-709) › Section 15-3-705 - Eligibility

(a)
To be eligible for a matching grant under this subchapter, an applicant shall:
(1)
Be an eligible business; and
(2)
Certify that:
(A)
The eligible business:
(i)
For Phase I applications, has received a Small Business Innovation Research grant from a sponsoring agency in response to a specific federal solicitation; or
(ii)
For Phase II applications, has:
(a)
Submitted a final Phase I report to the sponsoring agency;
(b)
Demonstrated that the sponsoring agency has interest in the Phase II proposal; and
(c)
Submitted a Phase II proposal to the sponsoring agency; and
(B)
All federal Small Business Innovation Research grant requirements will be met.
(b)
An eligible business awarded a matching grant under this subchapter shall:
(1)
Remain in Arkansas for the duration of the matching grant project;
(2)
Designate an Arkansas resident or employee as the principal investigator/project manager during the duration of the matching grant; and
(3)
Be principally engaged in one (1) or more of the following targeted business activities:
(A)
Advanced materials and manufacturing systems;
(B)
Agriculture, food, and environmental sciences;
(C)
Biotechnology, bioengineering, and life sciences;
(D)
Information technology;
(E)
Transportation logistics; and
(F)
Bio-based products.
Amended by Act 2019, No. 384,§ 1, eff. 7/24/2019.
Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 7 - ARKANSAS SMALL BUSINESS INNOVATION RESEARCH MATCHING GRANT PROGRAM (§§ 15-3-701 — 15-3-709) › Section 15-3-706 - Application requirements

(a)
To request a matching grant under this subchapter, an applicant shall complete and submit the application forms prescribed by the Division of Science and Technology of the Arkansas Economic Development Commission under §
15-3-704
.
(b)
An applicant shall submit an application for each federal Phase I and federal Phase II grant proposal for which the applicant is requesting a matching grant.
(c)
The division shall:
(1)
Review applications:
(A)
In order of receipt, as determined by the date and time stamp of receipt; and
(B)
In accordance with rules promulgated by the division under §
15-3-709
;
(2)
Not consider an incomplete or noncompliant application and shall return an incomplete or a noncompliant application without further review;
(3)
Review each application with the advice and recommendation of the Commercialization Committee of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission; and
(4)
Provide advice to the Director of the Arkansas Economic Development Commission concerning the applications for matching grants reviewed by the division.
(d)
(1)
Applications submitted to the division are subject to the Freedom of Information Act of 1967, §
25-19-101
et seq.
(2)
To the extent an applicant believes that information in an application is confidential or otherwise exempt under the Freedom of Information Act of 1967, §
25-19-101
et seq., the applicant shall specifically designate in writing the information the applicant believes to be confidential or exempt and the basis for the confidentiality or exemption on that portion of the application in which the information appears.
Amended by Act 2019, No. 910,§ 354, eff. 7/1/2019.
Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 7 - ARKANSAS SMALL BUSINESS INNOVATION RESEARCH MATCHING GRANT PROGRAM (§§ 15-3-701 — 15-3-709) › Section 15-3-707 - Matching grant awards

(a)
A matching grant awarded under this subchapter:
(1)
Shall not:
(A)
Be awarded under this subchapter unless offered in writing by the Director of the Arkansas Economic Development Commission; and
(B)
Exceed fifty percent (50%) of the federal Small Business Innovation Research award, up to:
(i)
Fifty thousand dollars ($50,000) for a matching grant awarded to match a federal Phase I award; and
(ii)
One hundred thousand dollars ($100,000) for a matching grant awarded to match a federal Phase II award; and
(2)
Subject to funding and the discretion of the director, may be offered to an eligible applicant that successfully completes the application process.
(b)
The matching grant agreement between the Division of Science and Technology of the Arkansas Economic Development Commission and the eligible applicant shall delineate all requirements of the matching grant.
(c)
At least fifty-one percent (51%) of the amount awarded for the matching grant shall be spent in Arkansas.
(d)
Disbursements for matching grants shall be made on a reimbursable basis, payable when invoices and financial reports are submitted to the division.
(e)
An eligible business shall not receive more than three (3) matching grants under this subchapter.
Amended by Act 2019, No. 910,§ 355, eff. 7/1/2019.
Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 7 - ARKANSAS SMALL BUSINESS INNOVATION RESEARCH MATCHING GRANT PROGRAM (§§ 15-3-701 — 15-3-709) › Section 15-3-708 - Program funding

Matching grants awarded under this subchapter are limited by the amount of funds allocated to the Arkansas Small Business Innovation Research Matching Grant Program created under this subchapter.
Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 7 - ARKANSAS SMALL BUSINESS INNOVATION RESEARCH MATCHING GRANT PROGRAM (§§ 15-3-701 — 15-3-709) › Section 15-3-709 - Rules

The Division of Science and Technology of the Arkansas Economic Development Commission shall promulgate rules to carry out the purposes of this subchapter.
Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 1 - GENERAL PROVISIONS (§§ 15-4-101 — 15-4-104) › Section 15-4-101 - Title

This act shall be referred to and may be cited as the "Arkansas Industrial Development Act".
Acts 1981, No. 41, § 1; A.S.A. 1947, § 9-504.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 1 - GENERAL PROVISIONS (§§ 15-4-101 — 15-4-104) › Section 15-4-102 - Construction

(a)
This section and §§
15-4-101
,
15-4-201
-
15-4-204
,
15-4-206
,
15-4-209
,
15-4-210
, and §
15-4-501
et seq. shall be construed liberally.
(b)
The enumeration of any object, purpose, power, manner, method, or thing shall not be deemed to exclude like or similar objects, purposes, powers, manners, methods, or things.
Amended by Act 2013, No. 1185,§ 2, eff. 8/16/2013.
Acts 1979, No. 65, § 7; A.S.A. 1947, § 9-540.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 1 - GENERAL PROVISIONS (§§ 15-4-101 — 15-4-104) › Section 15-4-103 - Registration of community development corporations - Definition

(a)
As used in this section, "qualified community development corporation" means an organization chartered under the Arkansas nonprofit corporation law which:
(1)
Is governed by a board consisting of the area's business, professional, and civic leaders;
(2)
Has a record of implementing economic development projects or whose articles of incorporation or bylaws state the organization's mission to develop and improve local communities through economic and related development;
(3)
Has secured from the federal Internal Revenue Service a
26 U.S.C. § 501(c)(3)
tax exemption status; and
(4)
Otherwise meets the federal definition of a community development corporation.
(b)
The Secretary of State shall maintain a registry of all qualified community development corporations established under the laws of Arkansas.
(c)
(1)
Every qualified community development corporation shall register with the Secretary of State within ninety (90) days after August 13, 1993, or within ninety (90) days after the date of its establishment if established after August 13, 1993.
(2)
The Secretary of State shall collect a registration fee of twenty-five dollars ($25.00) from each qualified community development corporation registered under this section.
Acts 1993, No. 989, §§ 1-3.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 1 - GENERAL PROVISIONS (§§ 15-4-101 — 15-4-104) › Section 15-4-104 - Bond guaranty programs for employee stock purchases

(a)
When an Arkansas-based employee stock ownership plan buys at least twenty percent (20%) of the stock of an Arkansas-based business entity formed under Arkansas law and the Director of the Arkansas Economic Development Commission determines that had it not been for the purchase by the employee stock ownership plan that Arkansas jobs would have been lost, the Arkansas-based business entity shall be qualified for any bond guaranty programs administered by the Arkansas Economic Development Commission or the Arkansas Development Finance Authority.
(b)
The commission and the authority shall promulgate rules necessary for the implementation of this section.
Amended by Act 2019, No. 315,§ 1054, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 356, eff. 7/1/2019.
Acts 1999, No. 1584, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-201 - Arkansas Economic Development Council - Creation

There is created and established at the seat of government of this state a council to be known as the "Arkansas Economic Development Council".
Amended by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1955, No. 404, § 1 [2]; A.S.A. 1947, § 9-505; Acts 1997, No. 540, § 19; 2007, No. 1602, § 3.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-202 - Arkansas Economic Development Council - Members

(a)
(1)
The Arkansas Economic Development Council shall consist of sixteen (16) members, who shall be qualified electors of this state, to be appointed by the Governor with the advice and consent of the Senate.
(2)
(A)
At least three (3) members shall be appointed from each of the four (4) congressional districts existing on January 1, 2012.
(B)
Four (4) members shall be appointed at large.
(3)
The members appointed by the Governor shall be selected with special reference to their knowledge of and interest in the resources and economic development of the State of Arkansas.
(b)
For each member appointed by the Governor, the term of office shall commence on January 15 following the expiration date of the preceding term and shall end on January 14 of the fourth year following the year in which the regular term commenced.
(c)
A vacancy arising in the membership of the council appointed by the Governor for any reason other than expiration of the regular terms for which the members were appointed shall be filled by appointment by the Governor to be thereafter effective until the expiration of the terms, subject to the confirmation of the Senate.
(d)
Before entering upon his or her duties, each member of the council shall take, subscribe, and file in the office of the Secretary of State an oath to support the United States Constitution and the Arkansas Constitution and to faithfully perform the duties of the office upon which he or she is about to enter.
(e)
Members of the council may receive expense reimbursement and stipends in accordance with §
25-16-901
et seq.
(f)
Members of the council, acting in good faith, are not personally liable under this subchapter.
Amended by Act 2023, No. 794,§ 19, eff. 4/12/2023.
Amended by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1955, No. 404, §§ 3-6; 1965, No. 553, §§ 1, 2; 1979, No. 65, § 3; 1981, No. 41, § 4; 1981, No. 249, §§ 1, 2; 1981, No. 452, §§ 1-3; 1985, No. 1005, § 2; A.S.A. 1947, §§ 9-506 -- 9-509; Acts 1987, No. 91, § 1; 1987, No. 668, § 1; 1989, No. 885, § 1; 1997, No. 250, § 95.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-203 - Arkansas Economic Development Council - Organization and meetings

(a)
(1)
The Arkansas Economic Development Council shall select a chair and vice chair annually from its membership.
(2)
The Director of the Arkansas Economic Development Commission shall be ex officio Secretary of the Arkansas Economic Development Council but shall have no vote on matters coming before it.
(b)
(1)
The council may adopt and modify rules for the conduct of its business and shall keep a public record of its transactions, findings, and determinations.
(2)
The rules shall provide for regular meetings and for special meetings at the call of the Chair of the Arkansas Economic Development Council or of the Vice Chair of the Arkansas Economic Development Council, if he or she is for any reason the acting chair, either at his or her own instance or upon the written request of at least seven (7) members.
(3)
The rules adopted under this section may allow for meetings to be held by conference call or other means of communication to conduct the council's business.
(4)
A quorum shall consist of at least seven (7) members present at a regular or special meeting, and an affirmative vote of seven (7) members shall be necessary for the disposition of any business.
Amended by Act 2019, No. 910,§ 357, eff. 7/1/2019.
Amended by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1955, No. 404, § 9; 1968 (2nd Ex. Sess.), No. 11, § 1; 1979, No. 65, § 4; 1981, No. 41, § 5; A.S.A. 1947, § 9-512; Acts 1997, No. 540, § 64.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-204 - Arkansas Economic Development Council - Functions, powers, and duties

(a)
The Arkansas Economic Development Council may serve in an advisory capacity to the Director of the Arkansas Economic Development Commission, the Governor, and the General Assembly.
(b)
A primary function of the council is to approve the issuance of guaranties of amortization payments on Act No. 9 bonds under the Industrial Revenue Bond Guaranty Law, §
15-4-601
et seq.
(c)
The addition or elimination of international offices of the Arkansas Economic Development Commission by the commission shall first be approved by the council.
(d)
By a majority vote, the council may establish or dissolve committees and subcommittees as needed.
Amended by Act 2019, No. 202,§ 1, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 358, eff. 7/1/2019.
Amended by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1955, No. 404, §§ 7, 8; 1971, No. 443, § 1; 1979, No. 65, § 4; A.S.A. 1947, §§ 9-510, 9-511.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-205 - Arkansas Economic Development Commission - Status and purpose

(a)
The Arkansas Economic Development Commission is the state agency responsible for implementing programs and policies aimed at improving the state's economic condition.
(b)
The purposes of the commission are to:
(1)
Serve as the primary governmental source for carrying out the Governor's plan for economic development in the state;
(2)
Promote the state with a central focus on state, local, and regional economic development efforts;
(3)
Coordinate the activities of private and public efforts to advance economic development in the state;
(4)
Compile and disseminate all available information pertinent to the economic opportunities afforded by the state;
(5)
Receive and disburse funds for the purpose of community and economic development; and
(6)
Perform other duties as designated by the Governor.
Amended by Act 2019, No. 202,§ 2, eff. 7/24/2019.
Amended by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1939, No. 68, § 3; A.S.A. 1947, § 9-501; Acts 1997, No. 540, § 65.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-206 - Arkansas Economic Development Commission - Director

(a)
(1)
The Director of the Arkansas Economic Development Commission shall be appointed by the Governor subject to confirmation by the Senate.
(2)
The director shall serve at the pleasure of the Governor.
(3)
The director shall report to the Secretary of the Department of Commerce.
(b)
The director shall:
(1)
Have the experience necessary to lead the Arkansas Economic Development Commission as determined by the Secretary of the Department of Commerce;
(2)
Be custodian of all property held in the name of the commission; and
(3)
Be the ex officio disbursing agent of all funds available for the commission's use.
Amended by Act 2019, No. 910,§ 359, eff. 7/1/2019.
Amended by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1955, No. 404, § 10; 1979, No. 65, § 4; 1985, No. 712, §§ 1, 2; A.S.A. 1947, § 9-513; Acts 1997, No. 540, § 20.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-207 - [Repealed]

Repealed by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1939, No. 68, § 4; A.S.A. 1947, § 9-502; Acts 1997, No. 540, § 66.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-208 - [Repealed]

Repealed by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1939, No. 68, § 5; A.S.A. 1947, § 9-503; Acts 1997, No. 540, § 66.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-210 - Arkansas Economic Development Commission - Foreign operation - Reports

(a)
The Arkansas Economic Development Commission may engage the services of contract employees to promote the development of:
(1)
Foreign direct investment in the state;
(2)
Increased trade with foreign countries; and
(3)
Improved relations with countries with which the state currently trades and countries that present future opportunities for enhanced economic development in the state.
(b)
The commission may establish an Arkansas operation in any country approved by the Governor and the Arkansas Economic Development Council.
(c)
The commission shall report the progress of any foreign offices annually to the Legislative Council, the Legislative Joint Auditing Committee, and the Governor.
Amended by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1989 (1st Ex. Sess.), No. 280, § 33; 1995, No. 589, § 1; 1997, No. 540, § 21.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-211 - [Repealed]

Repealed by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1975 (Extended Sess., 1976), No. 1015, § 2; 1983, No. 627, § 1; A.S.A. 1947, § 9-513.1; Acts 1989 (1st Ex. Sess.), No. 280, §§ 31, 37; 1995, No. 589, § 2; 1997, No. 540, § 21.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-212 - [Repealed]

Repealed by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1955, No. 404, § 12; A.S.A. 1947, § 9-515; Acts 1997, No. 250, § 96; 1997, No. 540, §§ 67, 68.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-213 - [Repealed]

Repealed by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1987, No. 1069, § 1; 1997, No. 540, § 22.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-214 - [Repealed]

Repealed by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1993, No. 1172, § 41; 1997, No. 540, § 22.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-218 - [Repealed]

Repealed by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 1995, No. 418, § 3; 1997, No. 540, § 23.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910) › Subchapter 2 - ARKANSAS ECONOMIC DEVELOPMENT COUNCIL (§§ 15-4-201 — 15-4-220) › Section 15-4-219 - Annual report

The Arkansas Economic Development Commission shall present a report annually on the commission's work during the previous calendar year in these areas of concern:
(1)
An accounting of:
(A)
Each project that was offered incentives in the previous calendar year, including without limitation:
(i)
The number of jobs proposed by each project;
(ii)
For each job creation project that receives funds from the Economic Development Incentive Quick Action Closing Fund under §
19-5-1231
, an indication of whether each project contains a repayment requirement;
(iii)
(a)
Each project that received funds from the Economic Development Incentive Quick Action Closing Fund under §
19-5-1231
.
(b)
The information reported in subdivision (1)(A)(iii)
(a)
of this section and any other related information shall be made available to the Office of Economic and Tax Policy upon request;
(iv)
The location of each project; and
(v)
The specific incentives offered by the commission;
(B)
Each project that was offered incentives but that did not accept incentives, including without limitation:
(i)
An assessment of the reasons why each offered project failed to open; and
(ii)
Any proposals the General Assembly should consider that would have assisted the commission in its negotiations regarding each project;
(C)
Each factory and plant that closed in the previous calendar year, including without limitation:
(i)
The number of jobs lost as the result of the closure of each factory or plant;
(ii)
The location of each factory or plant that closed; and
(iii)
An assessment of the reasons for each factory or plant closing; and
(D)
The commission's strategies and recommendations for the coming year, including:
(i)
An assessment of the relative risk of loss of factories, plants, and jobs in the state; and
(ii)
Plans for:
(a)
Preventing future closings of factories and plants;
(b)
Preventing future losses of jobs;
(c)
Increasing the number of economic development proposals within the state;
(d)
Drawing an increasing number of economic development proposals into the state; and
(e)
Creating new incentives for economic development proposals; and
(2)
The Director of the Arkansas Economic Development Commission's assessment of the commission's performance, including without limitation a comparison to:
(A)
The commission's performance over the past two (2) years;
(B)
The commission's own projections; and
(C)
Economic development in neighboring states.
Amended by Act 2019, No. 202,§ 4, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 360, eff. 7/1/2019.
Amended by Act 2013, No. 1185,§ 1, eff. 8/16/2013.
Acts 2001, No. 1282, § 2; 2005, No. 1962, § 56.