Job Creation Incentives

We are glad you are considering relocating your business to Phillips County and we are here to support you all along the way.

 

The incentives -- Federal, State and Local; Statutory and Discretionary -- to do business in Phillips County are plentiful. For a quick overview of programs available, please see the list below. 

 

Federal Incentives

  • Statutory Incentives
    • New Market Tax Credits -- every census tract in Phillips County qualifies
    • HUBZone -- every census tract in Phillips County qualifies
    • Work Opportunity Tax Credit (WOTC) -- every census tract in Phillips County qualifies for a minimum $2,400 tax credit per new hire
    • On the Job Training (OJT) Program
    • Work Experience Program
  • Discretionary Incentives
    • elta Regional Authority (DRA) grant program

 

State Incentives

  • Statutory Incentives
    • New Markets Jobs Act (expires July/August 2014 -- may become available again)
    • Advantage Arkansas
    • Tax Back (State)
    • Recycling Equipment Tax Credit Program
  • Discretionary Incentives
    • ArkPlus
    • Create Rebate
    • InvestArk
    • Bond Guaranty Program
    • Customized Training Incentives
    • Cash Assistance

 

Local Incentives

  • Statutory Incentives
    • Tax Back (Local)
    • FHLB Economic Development Program (EDP and EDP+)
  • Discretionary
    • Helena Jobs Incentive (HJI) Program – For jobs created within the city limits of Helena-West Helena (HWH), the HWH Industrial Park, or at the Helena Slackwater Harbor, this incentive provides a grant of $2,500-$7,500 per job created that exists for at least two years (with a maximum of $100,000 per project). This recently-launched program will run until all funds are exhausted.

 

NEXT STEP: To explore opportunities to establish or expand your business in Helena or Phillips County, please download the full incentives sheet and contact Chris Richey, Executive Director of the Phillips County Chamber of Commerce, at 870-338-8327 or info@phillipscountychamber.org