ARKANSAS, USA — The Arkansas Economic Development Commission on Monday announced that it’s launching the Arkansas Site Development Program to provide $10 million in matching funding for site development improvement efforts throughout the state.
The program is designed to enhance industrial site readiness and competitiveness for job-creating projects in Arkansas, AEDC said in a news release. Eligible applicants include cities, towns and counties in Arkansas; economic development organizations; and chambers of commerce.
To qualify for the program, applicants must submit industrial sites with a minimum of 30 acres of contiguous land, and sites must be listed on the Arkansas Site Selection Database. Sites must be owned or optioned by an applicant, and optioned sites must be owned by the applicant at the time the grant agreement is executed.
To read more on the Site Development Program, our content partner Arkansas Business has the full article here.
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