Arkansas has the 4th Lowest Cost of Doing Business in the Nation - CNBC's Top States for Business, 2015 

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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

  • 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

Workforce & Education

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
  • AEP-served, The University of Arkansas in Fayetteville, is the nation’s 7th fastest-growing public university
  • Worker availability in key occupations:
Table of Workers (2015)
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

  • 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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