INCENTIVES

LOCAL

Land

The Searcy Regional Economic Development Corporation and its economic development partners, have a history of creating cost-effective partnerships with companies locating in our community and we are invested in advocating the growth of our economic base. Historically, based on the number of jobs created, payroll, and investment amount, the acreage required for a project may be provided at a reduced cost to the company.

Payment in Lieu of Taxes Agreement (PILOT)

Industrial Revenue Bonds (IRBs) provide manufacturers with competitive financing.  If taxable, or non-taxable, municipal IRBs are used for construction or financing of land, building, or equipment, a Payment in Lieu of Taxes Agreement (PILOT) will be executed.  State law requires that the agreement provides at least 35% of the regular annual tax rate until the bonds are retired.

Local Participation in Arkansas’ Tax Back Program

Should a company qualify for the State of Arkansas’ Tax Back Program, the City of Searcy and White County will participate in refunding the 2.5% local tax, per the guidelines of the state Tax Back program.

Relocation

The Searcy Regional Economic Development Corporation and the Searcy Regional Chamber of Commerce offer to bring a team to your company to brief transferring employees on the benefits of living in Searcy. 

Existing Industries Association

The Existing Industries Association is a forum for Searcy, Arkansas area manufacturing representatives that provides a forum for networking, sharing best practices, and discussing trends and new developments in industry and the economy. The group meets monthly throughout the year for lunch at the chamber office and has a round table discussion of a relevant subject.

STATE

100% Invested in business growth

As a business-friendly state, Arkansas offers a range of competitive incentives for businesses looking to open, expand or relocate. From cash rebates to community grants, Arkansas business incentives encourage job creation and investment.

Create Rebate can provide up to 5% payroll rebate, and Targeted ArkPlus credits 2% on investments from $250,000 up to $500,000. Research shows that partners with an Arkansas university may qualify for a 33% income tax credit. Filming in the Natural State? There's a rebate for that, too. The Arkansas Economic Development Commission is ready to help you find the incentive that best meets your needs.