Arkansas has the South's 2nd Highest Percentage of Manufacturing Employment - National Association of Manufacturers 

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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

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

Meaningful collaboration between business, government, and community is the tie that binds Western Arkansas’ strengths together.

  • 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

Arkansas’ industrial rates are 14% below 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.

  • #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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