Arkansas considers constitutional amendment to boost economic incentives
- Reports
- 5
- Developments
- 2
- Repetition
- 60%
New informationRepeats or wire copies
What happened
Advocates are campaigning for a constitutional amendment in Arkansas (Issue 3) that would allow local areas to create economic development districts and offer tax credits. This measure, which gives the Arkansas General Assembly new tools for incentives and financing, will be put to voters in the November 3 general election.
From eldoradonews.com
Why it matters
Proponents argue that the amendment provides Arkansas communities with tools necessary to compete for jobs and investment against neighboring states. Opponents, however, contend that the measure amounts to corporate welfare.
From eldoradonews.com
Who's involved
- ArkansasState where the constitutional amendment regarding economic incentives is being considered
- TexasNeighboring state used as a benchmark for economic competition
- Sarah SandersGovernor of Arkansas, exercising executive authority over state policy
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Arkansas Economic Development CommissionSpeculative
The Arkansas Economic Development Commission could gain new tools and flexibility to compete for investment through the proposed amendment.
- GoogleSpeculative
Google might see increased demand for investment in Arkansas due to new tax incentives and development tools.
- EntergySpeculative
Entergy could see increased power demand and revenue if larger industrial projects are attracted by the incentives.
How it developed
Newest first. Tap a step to see who reported it.Voters rejected an economic development amendment in Arkansas.1 source
Arkansas compares its tax incentives to Texas policies.1 source