Quantcast
breaking news

Arkansas House Panel Approves Jobs Creation Bill

By: Staff/KARK
Updated: March 20, 2013
watch video
A Arkansas House committee approved legislation Wednesday that would set up tax credits to grow small businesses.
The House Agriculture and Economic Development committee advanced HB 1832 on a unanimous voice vote.
The "New Markets Jobs Act" of 2013 is designed to help spurn job growth through the use of tax credits in conjunction with raising capital.
Grant Tennille, director of the Arkansas Economic Development Commission told committee members the state would be a 58% investor and be on the hook for the first $100 million invested into the program.
"Without the ability to go get the money back, if the company doesn't live up to its promises, then we're at risk," Tennille says.
Representative Darrin Williams (D-Little Rock) says the legislation has Republican and Democrat cosponsors and will help Arkansas in the competitive environment of attracting new jobs to the state.

Comments

Log in to comment on this article

Readers Feel...

hello
Related Content

Here's your chance to win a trip to Las Vegas!...

NOAA projects 13-20 named storms, 7-11 hurricanes and 3-6 major hurricanes....

We wouldn't be surprised if some of these high school football players in our next story aren't on an NFL roster one day....

You may find our next college baseball star in this weeks edition of League Lights - enjoy !...

A near-normal Atlantic hurricane season is expected this year, with nine to 15 named storms and four to eight hurricanes, the National Oceanic and Atmospheric Administration is predicting....

The 2012 hurricane season begins today and experts say it's time to start planning now before the first storm hits....

A Tornado Watch is in effect until 10 pm. for parts of south Arkansas and north Louisiana. ...

Dozens have gathered at the JLK Multipurpose Center in Waterproof, La. for a community meeting on what they call the unfair procedures of the Tensas Parish School District's Zero Tolerance...

New Logo, Brand Identification Mark the Beginning of the Next Era for the Sun Belt Conference...

Inaugural Intuit Consumer Spending Index Gives Unprecedented View into Spending Trends; Shows Growth from Gas to Gifts...