The Arkansas Valley Alliance for Economic Development can help companies find financial assistance with start-ups, expansions, or relocation projects. Depending on circumstances such as number of jobs created and amount of investment, the following programs and resources may be available:
Arkansas Tech University’s Small Business and Technology Development Center
The Small Business and Technology Development Center fosters economic growth by providing financial assistance to businesses and entrepreneurs. These services include:
- Consulting Services
- Market Research Services
- Training Services
- E-News Alerts
More information on the SBTDC can be found here.
Industrial Revenue Bonds
Industrial Revenue Bonds are available to provide manufacturing companies, distribution companies, and corporate headquarters with financing options on fixed assets that are below market price.
These bonds, also known as “Act 9 Bonds” in Arkansas, are designed to enable companies to purchase land, buildings and equipment in order to expand their operations.
Taxable Revenue Bonds
With a Taxable Revenue Bond, the company that is backed by the collateral of the project and the corporate guaranty of the company may issue taxable bonds. In the case of the city holding the title to the project that’s on a financing lease, there will be an opportunity to negotiate the property taxes for the life of the bonds.
General Obligation Bonds
Businesses can obtain a General Obligation Bond to finance land, buildings, and equipment. In order for the bond to proceed, the local residents vote on a property tax or local sales tax to retire the bonds. The interest paid is then tax exempt.
Pollution Control Bonds
Pollution Control Bonds, made available through the Arkansas Department of Environmental Quality, assist industries in financing pollution control. This is done by municipalities and counties issuing special obligation revenue bonds which are not a state debt and don’t require voter approval. These bonds mature over a maximum of 40 years.
For more information on the financing programs that are available, please contact us.
Did you know Russellville offers business assistance programs? Learn more about how we can help make your business a success.
The people and opportunities in this community are what drew me to Russellville, and that is what continues to keep me here.Megan Ayres-Moore, Park Interpreter, Lake Dardanelle State Park
708 West Main Street, Russellville, AR 72801
Russellville is a great place to visit and call home!
Live, Work & Play
Do you love the idea of walking down the main street in the morning, grabbing a cup of coffee at your local coffee shop and heading off to work only to finish your day in your kayak, taking a quick hike or bike ride? If so, Russellville is the place for you. With our increasing number of urban shops and living area, our growing cultural atmosphere, amazing schools and an increasing number of job opportunities, Russellville has something for everyone.