1 ARKANSAS ECONOMIC DEVELOPMENT COMMISSION Mike Preston February 2016
ECONOMIC DEVELOPMEN T IN ARKANSAS
RESULT S Unemployment 4.8% 38,000 Jobs Created Percentage of Job Growth 19 th out of new and expanding companies have signed agreements with AEDC since January 13, ,000 New Jobs $2 Billion Capital Investment Average Wage of $41,200 per Year
2015 JOB CREATION 190 Jobs 40 Jobs 120 Jobs 10 Jobs 25 Jobs 100 Jobs 85 Jobs 64 Jobs 75 Jobs 225 Jobs
RECENT ACTIVITY 5 Major Market Recruitment Trips ◦ Dallas, TX ◦ Atlanta, GA ◦ Silicon Valley, CA ◦ New York City, NY ◦ Las Vegas, NV
RECENT ACTIVITY 5 Foreign Countries Visited on Business Recruitment Trips ◦ France ◦ Germany ◦ Cuba ◦ Japan ◦ China
ARKANSAS INC.
WHAT’S NEXT Arkansas Inc. Enhanced Communication with Partners & Stakeholders SJR 16 “Jobs for Arkansans” Incentives Discussion Competitiveness Issues to Address Envision What’s Around the Corner
ECONOMIC DEVELOPMENT IS A TEAM SPORT
West Capitol Avenue, Suite 400 Little Rock, AR ARKANSAS ECONOMIC DEVELOPMENT COMMISSION