Arkansas AArkansas Administrative Code Agency 168 - Arkansas Economic Development Commission
Here’s a refined breakdown of Arkansas Administrative Code, Agency 168 – Arkansas Economic Development Commission (AEDC):
🏢 Agency 168 – Arkansas Economic Development Commission
Scope & Authority
Oversees economic development initiatives in Arkansas, including incentives, grants, and program rules across multiple domains. (regulations.justia.com)
Key Rule Categories
1. Incentive & Tax Acts
Arkansas Emerging Technology Development Act (168.00.01‑005)
Manufacturer’s Investment Tax Credit Act (168.00.01‑007)
Consolidated Incentive Act & Non‑Profit Incentive Act (168.00.05‑001/05‑002)
Tourism Development Act (168.00.05‑003)
Equity Investment Incentive Act (168.00.07‑003)
Minority Business Enterprises (168.00.07‑004), etc. (regulations.justia.com)
2. Regional Economic Development Partnerships
Rule 168.00.11‑002 (based on Act 895 of 2011) sets membership requirements, board structure, applications, funding, staff, eligible uses, termination, and annual reporting (casetext.com).
3. Workforce Training, Energy & Efficiency
Implements the Existing Workforce Training Act, Energy Code for New Building Construction, Energy Efficiency/Natural Resource Conservation, Weatherization Assistance Program, etc. (regulations.justia.com)
4. Science & Technology Division Grants
Includes programs under Division of Science & Technology, such as the Minority & Women-Owned Business Loan Mobilization Program (Rule 168.00.18‑003) expanding loan guarantees to these enterprises (casetext.com).
5. Broadband & Rural Connect
Rules under Division 05 – Department of Commerce, e.g., the Arkansas Rural Connect Broadband Grant Program (168.05.20‑001). (law.cornell.edu)
🧭 Example Focus: Rule 168.00.11‑002 (Regional Economic Development Partnership Act)
Purpose: Establish clear procedures for forming and funding regional partnerships. (casetext.com)
Membership: At least 2 contiguous counties or municipalities; population & economic integration criteria apply.
Board Composition: One representative per member county/municipality; set terms; meetings at least yearly.
Funding:
Annual state funding agreements (≤1 year), with matching requirements (initially 2:1, then amended to 1:1).
Funds designated for marketing, promotional, strategic activities; administrative expenses are restricted. (casetext.com)
Compliance:
Applicants submit strategic plans, organizational documents, staffing evidence, local match funding.
Annual reports due July 1 detailing activities, finances, strategies. (casetext.com)
📌 How to Access Full Rules
The full text of each rule (including updates up to March 2025 for 168.00.13‐004) is available via the Arkansas ADC—via Justia, Casetext, or Westlaw links provided. (regulations.justia.com)
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