Doing Business Locally Industry Incentive PDF Print E-mail
The Ouachita Partnership for Economic Development offers Doing Business Locally Industry Incentives to both existing and relocating manufacturers who increase employment in Ouachita or Calhoun Counties, Arkansas. The Partnership’s Incentive Program has the following provisions:
  • Industry Incentives may be awarded only upon approval of the Board of Directors after determination by the Board of Directors that it will benefit the citizens of Ouachita County, Arkansas.  It is understood that employment by industry situated in the westerly part of Calhoun County will benefit the citizens of Ouachita County.
  • No Industry Incentive shall be effective and no payment made thereunder until a written contract has been executed by the Ouachita Partnership for Economic Development and the employer.
  • Industry Incentives may be awarded to new industries and to existing industries based on increased employment.
  • Industry Incentives shall be awarded based on the increased employment under the following scale.

  • Up to $8.99 per hour

    $200.00 per employee

    $9.00 to $11.99 per hour

    $300.00 per employee

    $12.00 to $19.99 per hour

    $600.00 per employee

    $20.00 and over per hour

    $900.00 per employee
  • The time frame for crediting an increase in the number of jobs shall generally be a two year period, but shall be confirmed by the Board and set forth in the written contract.
  • The maximum Industry Incentive shall be $100,000.00 per company per contract unless an exception is made by the Ouachita Partnership for Economic Development Board.
  • The schedule for Industry Incentives shall apply regardless of the amount of capital investment in the company; however, the Board may take into consideration the amount of capital investment and approve a different Industry Incentive based thereon.
  • With some exceptions granted by the Board, all Ouachita Partnership for Economic Development Industry Incentives shall be issued in the form of ‘Doing Business Locally Drawdown Accounts’ awarded to the recipient, requiring a purchase order signed by the Ouachita Partnership for Economic Development, and providing for payments to be made directly by the Ouachita Partnership for Economic Development to Ouachita County businesses for services or goods provided to the recipient up to the Industry Incentive amount awarded.
  • “Claw back” provisions shall be included in the contract providing for reimbursement of a prorated amount of the Industry Incentive for net jobs that are not maintained for 24 months after payment.
  • Availability of funds for this purpose will be considered before an Industry Incentive is awarded.