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Super Projects (Arkansas)
DSIRE/LstUpdt January 27, 2015  +
EZFeed/JurisdictionDesc statewide  +
EZFeed/Relevant Yes  +
Incentive/Active true  +
Incentive/AddlPlaceSelector State-Level  +
Incentive/AddlPlaceStateLevel Arkansas  +
Incentive/ApplDsc Construction  + , Industrial  + , Installer/Contractor  + , Investor-Owned Utility  +
Incentive/AuthCode Arkansas Act 1751  +
Incentive/AuthDtEff 2003  +
Incentive/AuthLink http://www.arkleg.state.ar.us/assembly/2003/R/Acts/Act1751.pdf  +
Incentive/Cont2Addr 900 West Capitol, Little Rock, AR, 72201  +
Incentive/Cont2Dept Department of Economic Development  +
Incentive/Cont2Div Economic Development Commission  +
Incentive/Cont2Email info@arkansasedc.com  +
Incentive/Cont2Fax 501-682-7499  +
Incentive/Cont2Name Energy  +
Incentive/Cont2Phone 501-682-1121  +
Incentive/Cont2Phone2 501-682-7326  +
Incentive/ContAddr 900 West Capitol Avenue, Little Rock, AR, 72201  +
Incentive/ContDept Department of Economic Develoment  +
Incentive/ContDiv Economic Development Commission  +
Incentive/ContEmail INFO@arkansasedc.com  +
Incentive/ContFax 501-682-7499  +
Incentive/ContName Grant Tennille  +
Incentive/ContPhone 501-682-1121  +
Incentive/ContPhone2 1-800-ARKANSAS  +
Incentive/ImplSector State/Province  +
Incentive/Name Super Projects (Arkansas)  +
Incentive/PolicyType Financial Incentive  +
Incentive/Summary A 2004 amendment to the state constitution
A 2004 amendment to the state constitution authorizes the state to attract super projects by issuing bonds to fund a project’s infrastructure, limited to 5% of the net general revenues during the most recent fiscal year. Super projects are defined as ones that create at least 500 new jobs and invest more than $500 million. Examples of the type of projects that might meet the criteria for a super project and have infrastructure needs that would require bond financing could include steel mills, paper mills, corporate headquarters, pharmaceutical companies, automobile parts and assembly plants. Emerging technologies, such as nanotechnology or biotechnology may also have needs that could be met by Amendment 82. The Arkansas Economic Development Commission will perform a comprehensive cost-benefit analysis to determine the level of incentives the state can use to compete for the super project and still obtain a good return on the state's investment.
n a good return on the state's investment.  +
Incentive/TechDsc Biomass/Biogas + , Coal with CCS + , Concentrating Solar Power + , Energy Storage + , Fuel Cells + , Geothermal Electric + , Hydroelectric energy + , Hydroelectric (Small) + , Natural Gas + , Nuclear + , Solar Photovoltaics +
Incentive/Type Bond Program +
Incentive/Website http://arkansasedc.com/incentives/financing  +
OpenEI/PageDescription Super Projects (Arkansas): energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Arkansas  + , Bond Program  +
Place Arkansas: Energy Resources +
Categories EZFeed Policies , Incentive with Contacts , Incentive with Authorities
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
04:31:14, 13 February 2015  +
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