Arkansas Ranks 2nd in U.S. for Nonfarm Job Gains - U.S. Department of Labor, 2017 

Site Selection Resources

Southwestern Electric Power Company (SWEPCo), AEP’s operating company in Louisiana, Arkansas, and Texas, provides electricity to over 60 communities in 13 counties in Western Arkansas, the center of a regional market that includes Dallas, Oklahoma City, Tulsa, Kansas City, St. Louis, and Memphis.

SWEPCo-Arkansas Property Search

Find the best site in Arkansas to grow your business. Whether it’s a greenfield, brownfield, or an existing building, our team is here to help.

Advantages of Doing Business in Arkansas

Arkansas is centrally located and easily accessible by land, water, and air.

  • 45% of the U.S. population is located within one day’s truck drive
  • 12th largest interstate system in the U. S.
  • More than 1,000 miles of ice-free waterways
  • Over 2,655 miles of freight railroad track

ShippingCosts_ARKANSAS

Business Climate

  • Headquarters to seven Fortune 500 companies – Over 115 Fortune 500 firms have operations in the stateText_CompetitiveTaxRates_2
  • Competitive taxes, including the Freeport Law, which allows for no tax on all goods manufactured in the state and stored for shipment outside Arkansas
  • Corporate income tax rate: 1% – 6.5% of net income; Sales (Gross Receipts) and Use Tax: 6.5%
  • The state does not have property tax; it is collected by cities, counties, and improvement districts at various rates; the assessed value is 20% of market fair value, and the average millage rate is 46.53
  • Right-to-work state with 4.7% union membership rate
  • A variety of competitive incentives, tax exemptions, and grants are available

Arkansas’ incredible workforce is an attribute that sets it apart from many other states.

  • With more than 1.3 million people in the workforce, Arkansas is home to an abundant workforce across a range of industries. Pie Chart of Arkansas's Sectors of Employment
  • Arkansas creates a strong talent pipeline with 22 two-year colleges, 11 public universities, 13 private colleges, 1 medical school, and 2 law schools. In fact, AEP-served The University of Arkansas in Fayetteville, is the nation’s 7th fastest-growing public university.
  • Workers in key fields are widely available and typically earn less than the national average.
Worker Availability in Key Occupations
Jobs  Average Hourly Earnings
Engineers 7,659  $34.78
STEM 44,280  $29.48
Business & Financial 52,473  $26.37
Automotive Production 54,905  $14.04
Source: EMSI 2017.3

Electric Service

  • Our industrial rates are 14% lower than the national average

Bar Chart SWEPCo Arkansas Industrial Rates

  • SWEPCo owns 5,214 MW of generation capacity
    • Natural Gas: 46.8%
    • Coal: 45.1%
    • Wind: 8.1%
  • SWEPCo operates 1,089 transmission miles and 4,503 distribution miles in Arkansas

The state of Arkansas is recognized as a leading state in economic development.

  • #3 Best Mid-Sized City in the U.S.- The Fayetteville-Springdale-Rogers MSAForbes Best Cities for Jobs 2015
  • #2 Highest Manufacturing Employment in the South – NAM

SWEPCo’s key customers include:

  • Airgas
  • Cooper Tire and Rubber Company
  • Danaher Corporation
  • Domtar Corporation
  • Kennametal, Inc.
  • Pilgrim’s Pride Corporation
  • Poulan Weedeater
  • Superior Industries International
  • Tyson Foods, Inc.
  • Wal-Mart Stores, Inc.
  • Weyerhauser Company

The principal industries we support in Arkansas are:

  • Chemical Manufacturing
  • Food Processing
  • Oil and Gas Extraction
  • Paper Manufacturing
  • Primary Metals

Resources for details about bringing your business to Arkansas:

Arkansas Economic Development Commission

Contact

Eric Basinger, CEcD

Eric Basinger, CEcD

Manager of Economic and Business Development

Southwestern Electric Power Company

318-673-3170

Email Me

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