Competitive Business Costs

Cost is a major consideration when a company chooses a state. In 2015, Arkansas was cited by CNBC as having the nation's fourth lowest overall cost of doing business. CNBC looked at the tax burden, including individual income and property taxes as well as business taxes, utility costs, wages, and rental costs for office and industrial space.  This gives Northwest Arkansas a competitive edge in the world market.  The following links go to sites that provide business tax and incentive information.

Taxes & Incentives

Power Rates

Source:  Industrial Billing Rate Comparisons, Edison Electric Institute, January 2016

Source:  Industrial Billing Rate Comparisons, Edison Electric Institute, January 2016

Construction Costs

US Average Construction Costs

Source:  RSMeans Construction Estimates, 2013 - Assumptions: single-story, 30,000 square foot, block walled industrial building with 20 foot eave height.

Source:  RSMeans Construction Estimates, 2013 - Assumptions: single-story, 30,000 square foot, block walled industrial building with 20 foot eave height.