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Arkansas is one of the fastest growing states in America. Since 2013, the unemployment rate in Arkansas has declined to 6%. Small businesses dominate the state’s economy. These businesses employ nearly half of the private workforce in Arkansas.
In the last five years, alone, more than 300 start-ups launched in Northwest Arkansas. Their history for reinventing retail and logistics is helping to develop a new generation of thought-leaders. Walmart, Tyson, J.B. Hunt, Dillard’s, Windstream, and Murphy USA are 6 Fortune 500 companies based in Arkansas. Currently, The ARK Challenge has invested $2 million in private funding to support tech companies developing the region’s retail, food processing and logistics industries. The bottom line is that they are focused on your bottom line. They work diligently so your company goes from spending money to making money quickly and efficiently.
Low cost of doing business
Arkansas can compete with anyone when it comes to the cost of doing business. Low real estate and construction costs make start-up and relocation opportunities in the state attractive. Also, working in partnership with Entergy and Electric Cooperatives of Arkansas, large energy consumers are afforded discounted rates for electricity.