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Aerospace & Defense

Aerospace and defense is the state’s leading export by revenue with more than 150 industrial facilities and operations around the state. Companies like Lockheed Martin, L3Harris, General Dynamics, and RTX, have chosen to locate and expand in Arkansas, highlighting the local and state support for aerospace and defense companies thriving in the Natural State.


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Aerospace & Defense

Corporate Services

Home to corporate leaders in retail, transportation, food processing, and oil, Arkansas is an attractive location for companies looking to establish or relocate corporate operations. Its quality-of-life amenities, accompanied by state leaders and legislation prioritizing economic expansion and growth, provides a reliable, consistent, and supportive environment for companies to thrive.

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Corporate Services

Firearms & Ammunition

A pro-Second Amendment state with a robust outdoor economy, Arkansas welcomes firearms and ammunitions companies looking to start up, expand, or relocate. From powder and primer to gunsmithing and shooting accessories, the Natural State has been home to companies across all sectors of the firearms and ammunition industry for decades, a legacy it will continue to grow in the years to come. 

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Firearms & Ammunition

Food & Beverage

Seven of the top ten food and beverage companies in the world have manufacturing facilities in Arkansas including Tyson Foods which is headquartered in Springdale, Arkansas. Other fast-growing companies, such as Westrock Coffee and Origami Sake, have found great success in the Natural State, thanks to its collaborative, pro-business environment. Arkansas has 14.5 million acres of farmland, with crops ranging from rice and food grains to chickens and catfish, making Arkansas a natural choice for food and beverage manufacturing.

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Food & Beverage

Forest Products

It is clear why over a dozen paper and packaging companies, such as Suzano, Georgia Pacific, Domtar, Elopak and Rockline, have made Arkansas home. At almost 19 million acres, over half of the state’s land area is productive timberland, ranking Arkansas fifth in the nation for softwood lumber production. The state’s timber stock includes oak-hickory (39%), pine (33%), bottomland hardwoods (16%), oak-pine (10%), and cedar (2%).

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Forest Products

Metals

Located in Northeast Arkansas, Mississippi County is now the largest steel producing county in the nation. Companies, such as Big River Steel, Nucor, and Hybar, are investing in the most advanced technologies and promoting sustainable practices, while transforming the area into a high-tech industrial center. Accessible highways, a reliable energy grid, and proximity to the Arkansas and Mississippi Rivers gives Arkansas a logistical edge. Its robust educational systems, including increased focus and funding for technical programs, make it a natural choice for future growth.

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Metals

Technology & Innovation

Innovative technology companies are shaping the future of Arkansas’ economy and are pushing the boundaries of what’s possible. Established companies like Google, Acxiom, First Orion, and Apptegy are some of the many companies in the technology and development space that are finding success here.

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Technology & Innovation

Transportation & Logistics

With a central location and comprehensive transportation infrastructure, it’s not surprising that Arkansas has a growing distribution and logistics services sector. Arkansas is home to more than 6,800 transportation, logistics, and distribution companies. Additionally, Arkansas is home to Fortune 500 company J.B. Hunt Transportation Services.

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Transportation & Logistics

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Incentives Programs

As a business-friendly state, Arkansas offers a range of competitive incentives for businesses looking to open, expand or relocate. From cash rebates to community grants, Arkansas' business incentives encourage job creation and investment.

  • Community Development Block Grant

  • Equity Investment Tax Credit

  • Targeted Business Incentives

  • Investment Incentives

  • Job Creation Incentives

  • Research & Development Incentives

  • Specialized Incentives

  • Exemptions/Reductions

  • Film Production Incentives

Community Development Block Grant

The Community Development Block Grant (CDBG) program benefits low- and moderate-income persons and addresses other urgent community development needs.

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Community Development Block Grant

Equity Investment Tax Credit

This discretionary incentive is targeted toward new, technology-based businesses paying wages in excess of the state or county average wage.

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Equity Investment Tax Credit

Targeted Business Incentives

At the discretion of the AEDC Executive Director, businesses may be offered incentives designed to help knowledge-based, start-up businesses.

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Targeted Business Incentives

Investment Incentives

Arkansas' investment incentive, Tax Back, is a sales and use tax refund for the purchase of building materials, machinery, and equipment.

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Investment Incentives

Job Creation Incentives

Arkansas offers several types of job creation incentives, including income tax credits, cash rebates, and infrastructure grants.

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Job Creation Incentives

Research & Development Incentives

Arkansas’s Research & Development incentive programs are intended to provide incentives for university-based research, in-house research, and research & development in start-up, technology-based enterprises.

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Research & Development Incentives

Specialized Incentives

Arkansas can provide specific incentives for industries that meet expenditure requirements.

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Specialized Incentives

Exemptions/Reductions

Arkansas offers a variety of tax exemptions and reductions. These include exemptions for purchasing equipment, providing childcare and tuition reimbursement, and rehabilitating properties.

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Exemptions/Reductions

Film Production Incentives

Arkansas' film incentives are designed to offset costs incurred in Arkansas in the production or postproduction of qualified projects.

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Film Production Incentives
You're in good company

At AEDC, we know economic advancement doesn’t happen by accident. We work strategically with businesses and communities to create strong economic opportunities, making Arkansas the natural choice for success. Here are some examples of businesses that are thriving!