What is the Program?
By The U.S. Department of Commerce's Economic Development Administration (EDA) awarded each state that applied a $1 million statewide planning grant with American Rescue Plan Act funds. This funding enables a variety of state economic development initiatives to chart a coordinated path forward as their economies recover from the coronavirus pandemic.
The Arkansas Economic Development Commission is managing the statewide planning grant for the State of Arkansas. As part of the grant, AEDC will be contracting with a third-party consultant to perform site analysis and economic impact studies.
What is the Program's Goal?
Who Can Apply?
Communities with an eligible site may apply to be a part of the program. The application may be submitted by local economic development groups, Chambers of Commerce, local elected officials, or other stakeholders.
Where Can I Find The Application?
How Will Sites Be Selected?
What is the Cost?
Why Should My Community Apply?
Each site that is selected to be part of the grant program will receive a final report presented by the consultants that will include each site's strengths, weaknesses, and a roadmap to improve the site. The report will also include an in-depth economic impact analysis of the site with possible targeted industries. Your community will have an actionable plan to take your site to the next level, allowing you to focus your chances of landing a competitive project. This is expected to lead to an increased number of site visits and to decrease the time that sites remain on the market before being occupied by companies that will create jobs for Arkansans.