title
RESOLUTION STATING JONESBORO, ARKANSAS’ INTEREST IN PARTICIPATION IN THE ARKANSAS ENTERPRISE ZONE PROGRAM AND DESIGNATION OF SUCH ENTERPRISE ZONES IN JONESBORO, ARKANSAS AND TO OTHERWISE PROVIDE WITH RESPECT THERETO
body
WHEREAS, the Arkansas Enterprise Zone Act of 1983, Act 740 was enacted by the Arkansas General Assembly, and
WHEREAS, the Arkansas Enterprise Zone Program offers significant incentives for economic development and revitalization to some of the most distressed areas in the City of Jonesboro, Arkansas, and
WHEREAS, the Arkansas Industrial Development Commission (AIDC) has designated certain Enumeration Districts and Census Block Groups in Jonesboro, Arkansas as eligible enterprise zones, based on demographic and economic factors, and
WHEREAS, the City of Jonesboro requests that the following Enumerations Districts/Census Tract/Block Groups be designated enterprise zones for the purpose of implementing the Arkansas Enterprise Zone Program, and
Enumeration District/Census Tract Block Group in Census Tract
9902 2 & 3
9906|910|9901|910|
WHEREAS, in accordance with the Arkansas Enterprise Zone Program requirements the City of Jonesboro, Arkansas agrees to
(1) Apply for enterprise zone designation using only approved forms (or copies of such,)
(2) Substitute a census tract and block group for one that has already been approved,
(3) Provide all requested information required pertaining to the potential enterprise zone under consideration, to AIDC.
(4) Hold at least one public hearing on the application for enterprise zone designation,
(5) Assume a local commitment to provide, or undertake, the following:
(A) Analysis of the adequacy of police protection with the proposed zone, and if necessary, devise and implement a plan for improvement thereof;
(B) Give priority to the use, within the proposed zone, of any employment training or community development funds received from the state or federal government;
(C) Assist AIDC in cer...
Click here for full text