The Arkansas Economic Development Commission (AEDC) has recently announced the launch of the Arkansas Site Development Program, as reported by talkbusiness.net. This new program aims to assist communities across the state in developing industrial sites suitable for economic development projects.
The program will provide funding for various site development activities, such as site assessments, engineering and design work, infrastructure improvements, and other necessary preparations to make the sites shovel-ready for potential investors. A total of $2 million in funding has been allocated for the program, with individual awards ranging from $25,000 to $500,000.
The goal of the Arkansas Site Development Program is to attract new businesses and industries to the state by offering them ready-to-build sites with all the necessary infrastructure in place. By investing in site development, the AEDC hopes to create more opportunities for economic growth and job creation in Arkansas.
Communities interested in participating in the program must submit an application outlining their proposed site development project, along with a detailed budget and timeline for completion. Projects will be evaluated based on their potential to attract new business investment, create jobs, and contribute to the overall economic development of the state.
Overall, the Arkansas Site Development Program is a promising initiative that shows the AEDC’s commitment to supporting local communities in their efforts to attract new industries and create economic opportunities. By investing in site development, Arkansas is positioning itself as a competitive destination for businesses looking to expand or relocate.
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