Super Projects (Arkansas)

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Last modified on February 12, 2015.

EZFeed Policy

Place Arkansas


   
Applies to States or Provinces Arkansas
Name Super Projects (Arkansas)
Policy Category Financial Incentive
Policy Type Bond Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics
Active Policy Yes

Implementing Sector State/Province




























Primary Website http://arkansasedc.com/incentives/financing
Applicable Jurisdiction statewide


Last Review 2015-01-27



Summary

A 2004 amendment to the state constitution authorizes the state to attract super projects by issuing bonds to fund a project’s infrastructure, limited to 5% of the net general revenues during the most recent fiscal year. Super projects are defined as ones that create at least 500 new jobs and invest more than $500 million. Examples of the type of projects that might meet the criteria for a super project and have infrastructure needs that would require bond financing could include steel mills, paper mills, corporate headquarters, pharmaceutical companies, automobile parts and assembly plants. Emerging technologies, such as nanotechnology or biotechnology may also have needs that could be met by Amendment 82. The Arkansas Economic Development Commission will perform a comprehensive cost-benefit analysis to determine the level of incentives the state can use to compete for the super project and still obtain a good return on the state's investment.



Policy Contact

Contact Name Grant Tennille
Department Department of Economic Develoment
Division Economic Development Commission
Address 900 West Capitol Avenue, Little Rock, AR, 72201



Phone 501-682-1121
Phone 2 1-800-ARKANSAS
Fax 501-682-7499
Email INFO@arkansasedc.com

Contact Name Energy
Department Department of Economic Development
Division Economic Development Commission
Address 900 West Capitol, Little Rock, AR, 72201



Phone 501-682-1121
Phone 2 501-682-7326
Fax 501-682-7499
Email info@arkansasedc.com

     

Authorities (Please contact the if there are any file problems.)

Authority 1: Arkansas Act 1751
Date Effective 2003



















References