Van Buren County approves resolution for Arkansas economic development incentives

November 03, 2024 | Van Buren County, Arkansas


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Van Buren County approves resolution for Arkansas economic development incentives
The Van Buren County Quorum Court meeting on November 3, 2024, focused on two significant resolutions aimed at economic development and infrastructure funding.

The first resolution discussed was related to a program authorized by the Arkansas Consolidated Incentive Act of 2003. This resolution is crucial as it allows the county to formalize its commitment to send necessary documentation to the Arkansas Economic Development office. This step is essential for the state incentives to be activated for a new company planning to establish operations in the area. The court members unanimously approved the resolution, emphasizing its importance in facilitating tax abatements and supporting local job creation.

During the discussion, members inquired about the progress of job filling at the new company’s location, noting that the Clinton site was no longer listed online, suggesting a positive hiring outlook.

The second resolution, which was also introduced, expressed the county's willingness to utilize federal aid for an unspecified project. This resolution indicates the county's proactive approach to securing funding for future developments, although specific details about the project were not disclosed during the meeting.

Overall, the meeting underscored the Quorum Court's commitment to fostering economic growth and infrastructure improvements in Van Buren County, with both resolutions reflecting strategic planning for the county's future.

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