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Our Work

Economic Development

A Regional Approach to Opportunity

The Northwest Arkansas Council’s economic development strategy is focused on expanding access to high-quality jobs, strengthening the workforce, growing the local tax base and enhancing regional competitiveness.

Northwest Arkansas competes for employers across advanced manufacturing, aerospace, defense, life sciences, logistics and related industries. These sectors offer strong wages and clear career pathways, particularly for workers with technical training and two-year degrees. At the same time, the region supports startup growth and local founders, contributing to a more diverse and resilient economy.

The region’s economy is anchored by global companies, including Walmart, Tyson Foods and J.B. Hunt Transport Services, and strengthened by the University of Arkansas, which continues to graduate talent into the region’s workforce.

In January 2026, the Milken Institute ranked Northwest Arkansas the No. 1 best-performing large metro in the nation, citing strong job growth, wage gains and a resilient economy.

The Council brings together companies, city and county leaders and local partners to evaluate economic development opportunities. Engagement often begins through site selection consultants, state economic development officials, members of the region’s congressional delegation or direct outreach. Requests for information are shared with local chambers, economic development professionals and the commercial real estate community to ensure opportunities are evaluated at the local level.

This work includes data collection, responding to requests for information, site selection support and coordination around potential incentives with state and local partners.

Local leaders determine what businesses move forward in their communities. The Council supports a coordinated regional process that helps Northwest Arkansas compete nationally.

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Industrial Development Authority

A shortage of large, development-ready industrial sites is limiting the region’s ability to compete for major employers. Some opportunities have been lost when companies require shovel-ready locations and regions that can respond quickly and at scale are selected instead.

These projects offer strong wages and career pathways for workers with technical training and two-year degrees.

An industrial development authority provides a tool to prepare sites, compete for these opportunities and expand access to high-quality jobs across a range of industries.

Over 20 years, projects of this type could generate nearly 20,000 jobs across the region, with average annual earnings exceeding $100,000. Total earnings could surpass $40 billion, with broader economic activity exceeding $300 billion.

Industrial development authorities have been used for decades across the country to support site readiness and attract investment.

Projects would be financed through revenue bonds repaid by the company locating on the site, not by taxpayers. Any future development would remain subject to local planning and zoning, with decisions made by an independent board.

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Special thanks to our major investors for their support of the Northwest Arkansas Council and our work in the region: