Create Rebate Program
The Create Rebate Program is offered at the discretion of the Director of the Arkansas Economic Development Commission in highly competitive situations. It provides annual cash payments based on a company's annual payroll for new, full-time, permanent employees. The benefit depends on the tier in which the company locates.
|
Tier |
Benefit Based on Payroll of New, Full-time, Permanent Employees |
|
1 |
3.9% |
|
2 |
4.25% |
|
3 |
4.5% |
|
4 |
5.0% |
In each tier of counties, a minimum payroll of new, full-time, permanent employees of $2 million annually is required. The minimum payroll threshold must be met.
Incentives are available after the business has fulfilled the minimum payroll requirements and certified the payroll amount to the Arkansas Department of Finance and Administration, within 24 months of the date of the financial agreement.
For more information, Joey Dean (Vice President, Economic Development; Executive Director, Metro Little Rock Alliance), 501.377.6006.