Bill > HB1802

This bill establishes the Talent Recruitment Grant Program in Arkansas to incentivize individuals from outside the state to relocate by providing grants to municipalities and nonprofit organizations focused on economic, workforce, or community development. The program will be administered by the Association of Arkansas Development Organizations and will award annual grants up to $500,000 to eligible applicants who submit comprehensive talent recruitment plans. To qualify, applicants must provide details about their proposed incentives, estimated program costs, potential economic impact, and demonstrate the ability to contribute at least 20% of the total program cost. Grants will be disbursed in two installments: 50% upon initial approval and the remaining 50% when the recipient demonstrates progress towards their individual goal of relocating new residents. Individuals seeking incentives must meet specific criteria, such as having a remote work position with an annual salary of at least $55,000 or having accepted a full-time job in Arkansas. Recipients will be required to submit quarterly reports detailing the number of applications received, approved applicants, program costs, and economic impact, ensuring transparency and accountability in the talent recruitment efforts.

Government Affairs

https://arkleg.state.ar.us/Bills/Detail?id=hb1802&ddBienniumSession=2025%2F2025R