Endorsements and Resolutions In Favor of Issue 3

Governor Asa Hutchinson Lt. Governor Tim Griffin Attorney General Leslie Rutledge Arkansas Democrat-Gazette Arkansas State Chamber of Commerce Arkansas Economic Development Council Arkansas Municipal League Arkadelphia Area Chamber of Commerce Arkadelphia Regional Economic Development Alliance Arkansas Economic Developers & Chamber Executives Arkansas Valley Alliance Associated General Contractors of Arkansas Batesville Area Chamber of Commerce Benton Area Chamber of Commerce Bentonville/Bella Vista Chamber of Commerce Bryant Chamber of Commerce Central Arkansas Regional Alliance City of Ashdown City of Monticello City of Springdale Conway County Economic Development Corporation Cross County Chamber of Commerce Economic Development Corporation of Clark County Economic Development Corporation of Paragould El Dorado/Union County Chamber Fayetteville Chamber of Commerce Fort Chaffee Redevelopment Authority Fort Smith Regional Chamber of Commerce Greater Blytheville Area Chamber of Commerce Greater Hot Springs Chamber of Commerce Hempstead County EDC Hot Springs Village Chamber of Commerce Jacksonville Chamber of Commerce Jonesboro Economic Development Corporation Jonesboro Regional Chamber of Commerce Lawrence County Chamber of Commerce Little River Chamber of Commerce Little River County Little Rock Port Authority Little Rock Regional Chamber of Commerce Magnolia Columbia County Chamber of Commerce Magnolia Economic Development Corporation Maumelle Area Chamber of Commerce Maumelle City Council Malvern/Hot Spring County Chamber of Commerce Metro Little Rock Alliance (MLRA) Morrilton Area Chamber of Commerce Newport Area Chamber of Commerce North Little Rock Chamber of Commerce North Little Rock Economic Development Corporation Northwest Arkansas Council NWA Economic Development District Paragould Regional Chamber of Commerce Perry County Chamber of Commerce Pine Bluff Regional Chamber of Commerce Randolph County Chamber of Commerce Rogers-Lowell Area Chamber of Commerce Saline County EDC Searcy Regional Chamber of Commerce Sherwood Chamber of Commerce Siloam Springs Chamber of Commerce Springdale Chamber of Commerce Union County Quorum Court

What Does Issue 3 Do For The People Of Arkansas?

Enhances the state’s ability to compete for large projects

  • Removes the cap on Amendment 82 general obligation bonds.
  • Makes us more competitive for large projects, while still allowing the Legislature to decide whether incentives should be offered.
  • Makes it possible to use Amendment 82 for more than one project at a time with legislative approval.

Provides clear, consistent economic development rules

  • Provides definitions for economic development projects, economic development services, and infrastructure.
  • Eliminates the legal gamble many cities and counties currently face when pursuing certain economic development opportunities.
  • Allows local governments to form compact agreements for sharing revenue and/or costs for projects.

Gives local authorities the right to spend local dollars

  • Eliminates the vulnerability many cities and counties now face when spending economic development tax revenue.
  • Gives local governments clear authority to spend those dollars on economic development projects.
  • Allows cities and counties to issue bonds for economic development with voter approval.

Why Is Issue 3 Necessary?

The Arkansas General Assembly referred Issue No. 3 to voters during the 2015 Regular Session. The proposed constitutional amendment will be on the General Election Ballot in November, giving Arkansas voters the chance to improve economic development opportunities and create Jobs for Arkansas in communities all across the state.

Right now, the Arkansas Constitution includes a patchwork of economic development language and definitions, making it difficult or impossible for local communities to take full advantage of many of the state’s most valuable job creation tools.  This amendment would clean up those inconsistencies, provide additional opportunities for cities and municipalities to participate in economic development efforts, and enhance the state’s ability to attract large employers to Arkansas.

What Is The Bottom Line?

Right now, Arkansas is at a disadvantage. Our constitution leaves us out of line with other states in this part of the country when it comes to giving communities the ability to engage in economic development efforts.

Even with strong local and legislative support for economic development policies, many cities and counties have found their job creation efforts are limited by a confusing, inconsistent Arkansas Constitution. Issue No. 3 would streamline our constitution, providing all of our cities, counties, and the state with more and better tools needed to help create Jobs for Arkansas.

Issue 3 will create jobs for Arkansas.

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