Arkansas Ranks 16th in the Nation for Personal Income Growth Gains - U.S. Bureau of Economic Analysis 

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

Location & Infrastructure

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

  • 47% 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
  • 4 Ports
  • Over 2,655 miles of freight railroad track
  • Northwest Arkansas, is one of the fastest-growing places in the nation

ShippingCosts_ARKANSAS

Business Climate

You will find meaningful collaboration between business, government, and community.

  • Headquarters to 6 Fortune 500 companies and 125 Fortune 500 firms have operations in the stateText_CompetitiveTaxRates_2
  • Fair and pro-business tax system and a variety of competitive incentives, tax exemptions, and grants are available
  • Right-to-work state with the 6th lowest union membership rate
  • Tax Rates:
    • Corporate Income Tax: 6.5% on income >$100,000
    • Sales Tax: 6.5% + 2.92% (avg local tax) = 9.42%
    • Unemployment Insurance Tax: taxable wage base = $10,000; rate = 0.4% – 14.3%
    • Property Tax as a % of Personal Income = 1.75%

Workforce & Education

Arkansas’ incredible workforce with its high values and high standards is an attribute that sets it apart from many other states.

Pie Chart of Arkansas's Sectors of Employment

  • 22 two-year colleges, 11 public universities, 13 private colleges, 1 medical school, and 2 law schools
  • The University of Arkansas in Fayetteville is the nation’s 7th fastest-growing public university
Worker Availability in Key Occupations
Jobs    Average Hourly Earnings
STEM 43,057 $29.20
Engineers 7,665 $34.57
Business 48,862 $26.46
Automotive Production 56,770 $13.86
Source: EMSI 2015.2

Electric Service

SWEPCO’s industrial rates are 14% below the national average.

  • 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.

  • #2 in U.S. for Nonfarm Job Gains – U.S. Department of Labor, 2017
  • #4 for Cost of Living – CNBC Top States for Business, 2017
  • #7 for Cost of Doing Business – CNBC Top States for Business, 2017
  • #9 for Business Costs – Forbes Best States for Business, 2017
  • #9 in Manufacturing (Percentage of Workforce) – Business Facilities Magazine, 2017

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:

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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